Bank of Baroda Q3 net loss at Rs 3,342 crore; biggest-ever quarterly loss for any lender
Almost all major banks have witnessed a spurt in bad assets and provisioning as a result of the AQR.
Feb 13, 2016, 13:19 PM IST
Bank of Baroda scam: CBI files charge sheet against two employees
CBI Thursday filed its charge sheet against two employees of Bank of Baroda for offences including criminal conspiracy and cheating in connection with alleged illegal remittances of over Rs 6,000 crore made to over 350 accounts in Hong Kong and Dubai from one of its branch here.
Dec 17, 2015, 23:20 PM IST
Major financial frauds of 2015
Here are the major financial frauds that rattled the corporate world.
Dec 16, 2015, 17:42 PM IST
Bank of Baroda forex scam: Slum dwellers made company directors?
It is alleged that Rs 6,172 crore black money was remitted from Bank of Baroda.
Nov 23, 2015, 09:57 AM IST
Bank of Baroda Q2 net plunges 89% as provisions, NPAs soar
Gross NPA was 5.56 percent, while net NPA ratio stood at 3.08 percent.
Nov 06, 2015, 22:36 PM IST
Bank of Baroda wipes out early losses; up nearly 5% at close
The stock which dipped 10 percent to Rs 143.55 in intra -day trade on BSE, later recovered the lost ground and ended 4.95 percent higher at Rs 167.40.
Nov 06, 2015, 18:31 PM IST
Bank of Baroda cuts bulk deposits rates by upto 0.60%
Public-sector lender Bank of Baroda (BOB) has trimmed rate of interest, payable on bulk deposits of Rs 1 crore and above across maturities, by 0.25-0.60 percent.
Nov 04, 2015, 21:11 PM IST
Bank of Baroda scam: DRI tells FIU to red-flag multiple forex transactions
The move comes amid a multi-agency probe on recently-unearthed Rs 6,100 crore foreign remittance scam through Bank of Baroda.
Nov 04, 2015, 17:51 PM IST
Bank of Baroda scam: SFIO probes 10 companies
The Serious Fraud Investigation Office (SFIO) has started probing 10 companies in connection with the Rs 6,100-crore illicit money remittance case involving public lender Bank of Baroda.
Oct 29, 2015, 22:15 PM IST
BoB forex scam effect: IBA mulls exempting experts from general banking work
In light of the Rs 6,100-crore Bank of Baroda (BoB) money remittance case, Indian Banks' Association (IBA) is considering a proposal to engage specialist officers only in their areas of core competencies rather than general banking business.
Oct 25, 2015, 19:16 PM IST
CVC seeks report from CBI, BoB in Rs 6,100 crore forex scam
The CBI and ED are probing transactions of Rs 6,100 crore to Hong Kong from a Bank of Baroda's Ashok Vihar branch in Delhi which is believed to be trade-based money laundering as the amount was transferred in garb of payments for imports, that never took place.
Oct 22, 2015, 16:22 PM IST
BoB forex scam incident not reflection of systemic problem: Sinha
The government Wednesday said the alleged Rs 6,100-crore Bank of Baroda black money remittance case is one off incidence and not a reflection of any systemic problem in the banking sector.
Oct 21, 2015, 22:57 PM IST
Forex scam: Banks face SEBI scrutiny for disclosure lapses
As a multi-agency probe continues in the alleged forex-based black money case involving thousands of crores of rupees, capital markets regulator Sebi and stock exchanges have now begun a scrutiny of several banks for any violation of the disclosure norms for listed firms.
Oct 18, 2015, 15:02 PM IST
Bank of Baroda case: Court extends by six days ED custody of four accused
The Enforcement Directorate (ED) told the court that it has ascertained the money trail of Rs 600 crore and it wanted to further interrogate the accused to trace the rest of the amount.
Oct 17, 2015, 19:53 PM IST
BoB fraud will be pursued to ultimate conclusion: Raghuram Rajan
Expressing concern over illegal Rs 6,000 crore transfer of funds through a Bank of Baroda branch, RBI Governor Raghuram Rajan Thursday said it will be pursued both by the central bank and investigative agencies to the "ultimate conclusion" to ensure that the guilty are made to "pay the price" for it.
Oct 15, 2015, 23:02 PM IST
After BoB, ED unearths another money laundering case involving 9 banks
The Enforcement Directorate has unearthed yet another trade-based money laundering case worth over Rs 550 crore perpetrated by allegedly using banking channels of nine major national and international banks, with illegal remittances being sent to Hong Kong and China.
Oct 15, 2015, 21:23 PM IST
Magnitude of Bank of Baroda case to be clear after completion of probe: FM Jaitley
Finance Minister Arun Jaitley on Thursday said the magnitude of the alleged black money transfer through state-owned Bank of Baroda (BoB) will only be known after completion of the multi-disciplinary probe.
Oct 15, 2015, 17:11 PM IST
SFIO starts probe into Bank of Baroda Rs 6,100-crore money laundering case
The Serious Fraud Investigation Office (SFIO) has initiated a probe into the alleged Rs 6,100-crore black money transaction case involving a Delhi branch of Bank of Baroda.
Oct 15, 2015, 15:21 PM IST
Finance Ministry wants CBI to fast-track Bank of Baroda fraud case
The Finance Ministry wants CBI to expeditiously complete the probe in the alleged funds transfer case of Bank of Baroda so that the offenders could be brought to the book and the exact amount in the fraud is known.
Oct 15, 2015, 14:26 PM IST
Bank of Baroda scam: HDFC says fully cooperating with probe agency
HDFC Bank, whose one employee has been arrested in the alleged Bank of Baroda Rs 6,000-crore illegal remittances case, Wednesday said it is examining the matter internally and cooperating with investigation authorities.
Oct 14, 2015, 21:53 PM IST
