Finance Ministry asks banks to revisit their risk management process
In the wake of the Rs 6,100-crore black money remittance case involving Bank of Baroda, the Finance Ministry has asked all PSU banks to review their internal risk management process to prevent recurrence of such fraud.
Oct 14, 2015, 19:37 PM IST
New Bank of Baroda Chairman Ravi Venkatesan meets Arun Jaitley
Amid allegations of irregularities against Bank of Baroda officials in the Rs 6,000 crore illegal remittances case, its newly appointed Chairman Ravi Venkatesan Wednesday called on Finance Minister Arun Jaitley.
Oct 14, 2015, 18:14 PM IST
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BoB case: ED gets four-day custody to quiz arrested persons
Enforcement Directorate (ED) was Tuesday allowed by a Delhi court to quiz in its custody four persons, including an HDFC bank employee, arrested on alleged money laundering charges in Rs 6,000 crore remittances case at a Bank of Baroda (BoB) branch here.
Oct 13, 2015, 22:59 PM IST
Bank of Baroda scam: CBI, ED arrest six including HDFC official
CBI and Enforcement Directorate have arrested six persons including two officials of a Bank of Baroda branch here in connection with Rs 6,000 crore alleged illegal remittances to Hong Kong through the bank.
Oct 13, 2015, 20:40 PM IST
New Bank of Baroda chief says to appoint external agency to probe scams
Taking cognizance of two major crisis facing Bank of Baroda, its newly appointed managing director and chief executive P S Jayakumar on Tuesday said an external agency would be appointed to probe the wrong-doings.
Oct 13, 2015, 20:06 PM IST
In Bank of Baroda Scam, Enforcement Directorate Arrested Big People
In Bank of Baroda Scam, Enforcement Directorate arrested many. To know the name of those big people got arrested by Enforcement Directorate, watch the full video.
Oct 13, 2015, 19:53 PM IST
CBI arrests Bank of Baroda AGM, forex operations chief
The agency said it arrested AGM S K Garg and Jainish Dubey, who headed the Foreign Exchange division at BoB's branch in Ashok Vihar here, under various provisions of the IPC and the Prevention of Corruption Act.
Oct 13, 2015, 19:20 PM IST
Bank of Baroda laundering case: HDFC Bank's official among 4 arrested by ED
All the accused, ED sources said, were alleged middlemen for at least 15 fake companies, out of the total 59 which were involved in the perpetrating of the economic crime unearthed recently and also being probed by the CBI.
Oct 13, 2015, 18:33 PM IST
Jayakumar takes over as MD and CEO of Bank of Baroda
P S Jayakumar, the former chief executive of VBHC Value Homes, Tuesday took charge as the new MD and CEO of the state-owned Bank of Baroda for three years.
Oct 13, 2015, 14:29 PM IST
Bank of Baroda shares slide over 3% at close
Shares of Bank of Baroda ended the day over 3 percent lower after the CBI carried out searches at three locations in New Delhi in connection with alleged Rs 6,100 crore remittances sent from BoB to Hong Kong camouflaged as payments for non-existent imports.
Oct 12, 2015, 19:18 PM IST
90% funds in Rs 6,100 cr black money transfer from 30 banks: BoB
Last week, CBI and the Enforcement Directorate started investigation on the matter.
Oct 12, 2015, 18:55 PM IST
Suspected black money much less than Rs 6,100 cr: BoB
BoB also said that 90 percent of the funds came from 30 other banks, while only 10 percent were received as cash at the its branch in New Delhi.
Oct 12, 2015, 14:12 PM IST
BoB shares plunge nearly 8%
Shares of Bank of Baroda fell sharply by nearly 8 per cent today after the CBI carried out searches at three locations in New Delhi in connection with alleged Rs 6,000 crore remittances sent from BoB to Hong Kong camouflaged as payments for non-existent imports.
Oct 12, 2015, 12:55 PM IST
Bank of Baroda Forex scam: CBI raids 50 more locations
Regarding black money, CBI's raid on Bank of Baroda continues today as well. CBI raided fifty different places today.
Oct 11, 2015, 15:29 PM IST
Bank of Baroda Forex scam: CBI conducts raids, questions suspects
CBI raided Bank of Baroda branches, offices, and started questioning some of the suspects in its probe into alleged black money transfer of Rs 6000 crore to Hong Kong.
Oct 11, 2015, 14:18 PM IST
Hawala transactions are being done in many nationalised, foreign banks across country, alleges Congress
The Congress Party on Sunday alleged that many nationalised and foreign banks were also involved in the forex scam.
Oct 11, 2015, 09:46 AM IST
Bank of Baroda's Ashok Vihar branch raided by CBI in forex scam
Bank of Baroda's Delhi branch in Ashok vihar was raided by CBI, ED and SFIO upon illegal transfers of Rs 6,172 crores in foreign exchange made to Hong Kong.
Oct 10, 2015, 16:42 PM IST
CBI searches Bank of Baroda branches for Rs 6,100 crore suspected black money transfer
CBI on Saturday carried out searches at Bank of Baroda branches here in connection with the alleged Rs 6100 crore black money which was transferred to Hong Kong, in collusion with bank officials.
Oct 10, 2015, 15:23 PM IST
Govt infuses Rs 13,955 crore capital into 8 PSU banks
Eight public sector banks, including SBI, Punjab National Bank and Bank of Baroda, Wednesday said they have allotted equity shares on preferential basis to the government against capital infusion of Rs 13,955 crore.
Sep 30, 2015, 21:29 PM IST
