Page 9 - Bank Of Baroda

Stocks to Watch: Wipro, Laurus Labs, Axis Bank, SRF, KIOCL, CGDs, BoB

Stocks to Watch on December 13, 2023: PE giant Bain Capital is likely to sell up to 1.1 per cent stake in Axis Bank via a block deal, reported Moneycontrol

Stocks to Watch: Tata Tech, Gandhar Oil, Airtel, BoB, Thomas Cook, IDBI Bk

Stocks to watch on Thursday, November 30, 2023: Debutants Tata Technologies, Gandhar Oil Refinery and Fedbank Financial Services likely to hog the limelight in trades today.

BoB to raise upto Rs 5,000 cr via 1st tranche of infrastructure bond

The bank had said that it will use the amount to fund business growth

RBI slaps penalty on Citibank, Bank of Baroda, IOB for violating norms

On Bank of Baroda, RBI said the lender failed to ensure accuracy and integrity of data on large exposures submitted to RBI with respect to some accounts

RBI slaps penalties totalling Rs 10.34 cr on Citibank, BoB, and IOB

The Reserve Bank on Friday imposed penalties totalling Rs 10.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for contravention of various regulatory norms. The highest penalty of Rs 5 crore has been imposed on Citibank NA for non-compliance of norms related to depositor education and awareness fund scheme, and code of conduct on outsourcing of financial services, the RBI said in a statement. A fine of Rs 4.34 core was imposed on the state-owned Bank of Baroda for violation of certain directions related to the creation of a central repository of large common exposures, and others, another release said. Chennai-based public sector lender Indian Overseas Bank was slapped with a Rs 1 crore fine for contravention of directions concerning loans and advances. In all three cases, the Reserve Bank of India said, penalties are based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transaction or agreement entered into by the banks

Banks focusing on client acquisition, less on grievance redress: RBI's Rao

The deputy governor also said that an excessive exposure to risk within banks and financial institutions can lead to catastrophic outcomes if not effectively managed

Audit report of 'bob World' is in progress; RBI decision to impact capital

In October, RBI had ordered Bank of Baroda (BoB) to suspend further customer onboarding on its 'bob World' mobile app with immediate effect

Bank of Baroda yet to complete forensic audit on mobile app fraud: Official

Leading public sector lender Bank of Baroda is yet to complete the forensic audit into the recent graft allegations against some of its key employees of its mobile app Bobworld, a senior bank official said on Thursday. "We are still working on the forensic audit as the central bank is still doing some more due diligence on the app Bobworld," Joydeep Dutta Roy, an Executive Director of the bank, told reporters on the sidelines of the two-day national banking summit organised by IBA and Ficci. On October 10, the Reserve Bank of India (RBI) banned the lender from on-boarding new customers on its mobile app after finding certain material supervisory concerns. "The Reserve Bank has directed Bank of Baroda to suspend, with immediate effect, any further onboarding of their customers on to the Bobworld mobile application," the central bank had said in a statement. The action, the RBI had said was based on certain material supervisory concerns observed in the manner of onboarding of their .

Bank of Baroda plans to raise up to Rs 15,000 crore through bonds

State-owned Bank of Baroda (BoB) on Saturday said it proposes to raise up to Rs 15,000 crore via bonds to fund business growth. The capital raising committee of the bank in its meeting held on Saturday has approved the issuance of Rs 2,000 crore Tier II/sub debt bond with the greenshoe option to raise another Rs 3,000 crore totalling Rs 5,000 crore (10 years with call option at the end of 5 years), BoB said in a regulatory filing. The bank has further decided to issue Infrastructure Bonds amounting to Rs 2,000 crore with a greenshoe option to raise an additional Rs 8,000 crore totaling the issue size of Rs 10,000 crore (tenure up to 7 years), it said.

Bank of Baroda stock correction offers an opportunity for value investors

Recoveries from written-off loans were good at Rs 1,230 crore, and trading gains were at Rs 300 crore, along with a revaluation of investments of Rs 180 crore

Stocks to Watch today: SBI, IndiGo, Titan, Zomato, RIL, BoI, BoB, Delhivery

Stocks to watch on Monday, November 06, 2023: Shares of PSU Banks are likely to hog the limelight following Q2 results announced by major banks over the weekend.

Bob World curbs not denting business, says MD & CEO Debdatta Chand

Bank of Baroda (BoB) net profit rose by 28.4 per cent on a year-on-year (Y-o-Y) basis to Rs 4,253 crore in Q2 FY24

BoB's former chief digital officer Akhil Handa says he was not terminated

On October 31, 2023, BoB, in a filing with BSE, had said that Kadgatoor Sheetal Venkatesmurt will handle this charge in addition to her role as head of digital channels and operations

Bank of Baroda's former CDO Akhil Handa says he was not terminated

Former Chief Digital Officer of Bank of Baroda counters termination claims, citing personal decision to resign following operational challenges

BoB Q2 result: Net profit up 28.4% to Rs 4,253 cr, led by loan growth

To slash personal loan growth pending portfolio review; CDO terminated in 'bob World' fiasco

Bank of Baroda terminates key official after mobile app deficiencies

"We have taken action on a large set of people on the field," managing director and chief executive officer Debadatta Chand told reporters. He did not specify the nature of the action

Bank of Baroda reports 28.4% rise in Q2 profit led by robust loan growth

That was higher than analysts' forecast of Rs 4,004 crore, according to LSEG data

Bank of Baroda Q2 preview: Profit may rise upto 26% Y-o-Y; NIM outlook eyed

Bank of Baroda Q2 preview: Analysts expect net profit to come in anywhere between Rs 3,484.4 crore (up 5.2 per cent Y-o-Y) and Rs 4,178.9 crore (up 26 per cent Y-o-Y)

6 Indian banks win UK HC challenge over unpaid loans by Singapore's GVK

Six Indian banks pursuing unpaid loans amounting to an estimated USD 2 billion, including interest accrued, from GVK Coal Developers (Singapore) Pte Ltd and associated companies have won their legal challenge in the London High Court. Judge Dame Clare Moulder presided over the trial last month at the Commercial Court division to hear the case brought by the Bank of Baroda and others and in an approved judgment dated October 19 concluded the banks made out their case to the requisite standard. The banks were represented by international law firm Reed Smith, who instructed barrister Karishma Vora of 39 Essex Chambers London to argue the matter. We are delighted to have secured such a resounding and landmark victory for our Indian banking clients in a matter of such commercial significance, said Vora and Reed Smith's Gautam Bhattacharyya in a joint statement. It is an honour to be representing a syndicate of Indian banks that are synonymous with credibility and faith for the people of

Public sector lender BoB's head of digital lending Akhil Handa quits

BOB, in a late-night exchange filing, said Kadgatoor Sheetal Venkatesmurt will handle this charge in addition to her role as head of digital channels and operations