Dena Bank, Vijaya Bank and Bank of Baroda to be merged
The announcement comes from Financial Services Secretary Rajiv Kumar during a press conference with FM Arun Jaitley on the status of the country's economy.
Sep 17, 2018, 18:48 PM IST
NPA provisions for banks may stay elevated till FY20: Report
Banks will continue with credit costs or provisions of up to 3 percent for both the ongoing fiscal as well as the one after, according to the rating agency.
Sep 17, 2018, 14:17 PM IST
Fitch downgrades viability ratings of SBI, BoB
The agency has also retained the stable outlook on these lenders.
Jun 13, 2018, 17:57 PM IST
Government eying merger of four Public Sector Banks amidst rising bad loans
These PSBs reportedly have a cumulative loss of Rs 21,646.38 crore for the financial year 2017-18.
Jun 05, 2018, 12:28 PM IST
Kanpur carpenter denied bank loan despite recommendation from PM Narendra Modi
Sandeep Soni, a carpenter from Kanpur, had sought the Prime Minister's help in 2016 in securing the desired bank loan.
Mar 11, 2018, 16:35 PM IST
Over dozen PSBs to get Rs 46K crore capital infusion this month
These banks, including SBI, PNB, Bank of Baroda, Central Bank, Union Bank and OBC, have called shareholders' meetings this month to pass the resolution to allot preferential shares to government so as to receive the capital.
Mar 09, 2018, 09:06 AM IST
No exposure against PNB LoUs for gems, jewellery clients: Bank of Baroda
The Vadodara-based state lender said that all the LoUs issued by the bank are duly controlled for in the books of the bank
Feb 22, 2018, 23:31 PM IST
FIR against Rotomac promoter for Rs 800 crore bank fraud
Kothari, his wife and his son are being examined by the CBI.
Feb 19, 2018, 12:07 PM IST
Bank of Baroda to exit South Africa by March-end
Bank of Baroda said that it will ensure an orderly exit in consultation with the local regulators.
Feb 13, 2018, 08:06 AM IST
Bad loans hurt state-run banks, push SBI to surprise third-quarter loss
Bad loans in PSBs have nearly doubled in the past four years as an economic slowdown took its toll on the ability of companies to repay debt.
Feb 10, 2018, 00:43 AM IST
Bank of Baroda Q3 profit sinks 56% as provisions for bad loans nearly double
The bank’s net profit fell to Rs 112 crore in the quarter ended December, compared with Rs 25,300 crore in the year-ago quarter.
Feb 09, 2018, 19:33 PM IST
Juinagar bank heist: Woman among 11 arrested by Navi Mumbai police
The Navi Mumbai police has arrested 11 persons in connection with the alleged robbery at Juinagar branch of Bank of Baroda.
Dec 05, 2017, 23:14 PM IST
Bank of Baroda to raise up to Rs 6,000 cr
The finance committee of the bank's board has approved the proposal, the lender said in a regulatory filing.
Nov 21, 2017, 22:26 PM IST
Rs 3 crore stolen from Bank of Baroda branch in Mumbai, robbers caught on CCTV – Watch video
In a filmy-style heist, Rs 3 crores in cash was stolen by a group of robbers in Mumbai.
Nov 17, 2017, 16:30 PM IST
Bank of Baroda board to consider Rs 6,000 crore fund raising plan next week
BOB said the equity fund can be raised through "qualified institutions placement (QIP), and/or rights issue for size and amount as may be decided, within overall approval of the board of raising Equity Capital up to Rs 6,000 crore".
Nov 16, 2017, 21:03 PM IST
Bank of Baroda's Q2 net profit drops 36%; NPAs come down
The gross non-performing assets (NPAs) of the bank declined slightly to 11.16 percent of the gross loans by the end of second quarter, from 11.35 percent in the same period of last year and also from 11.40 percent in the April-June quarter of current financial year.
Nov 14, 2017, 19:34 PM IST
NCLT allows Bank of Baroda's recovery plea against Amrapali Silicon City project
Amrapali Silicon City has only one project in sector 76 Noida, UP, and nearly 1,000 flat buyers would be affected by an NCLT order.
Sep 04, 2017, 21:58 PM IST
LIC sells over 2% in Bank of Baroda in open market sale
Calculated on a previous close of Rs 138.30 a share on September 1, the valuation of the stake sale by LIC in Bank of Baroda comes out to be Rs 649.74 crore.
Sep 04, 2017, 19:13 PM IST
Bank of Baroda, Tata Power fall up to 3% on exclusion from Nifty 50
Shares of Bank of Baroda, Tata Power, Tata Motors DVR and ACC Ltd fell up to 3 percent lower today as these companies will move out of the NSE's benchmark Nifty 50 index from September 29.
Aug 29, 2017, 18:12 PM IST
SBI favours equal treatment of lenders, buyers in projects
The NCLT has appointed Anuj Jain as the interim resolution professional (IRP) to carry out the proceedings under the Insolvency and Bankruptcy Code 2016.
Aug 28, 2017, 17:53 PM IST
