Bank Of Baroda Increased Fixed Deposit Interest Rates
The interest rates on Bank of Baroda's fixed deposits (FDs) up to Rs 2 crore have increased. After the adjustment, the general public's FD interest rate may increase to 7.25 percent. Seniors who deposit money with the Bank of Baroda might earn up to 7.75 percent on their fixed deposits. The new rates are coming into effect today, May 12, 2023, confirmed sources.
Tags: BANK OF BARODA, interest rate, Fixed Deposits, Indian Banks, business
Courtesy: Zee News India
'Tamasha', 'Nautanki' Firms-Turned-NPAs Defraud 3 Indian Banks Of Rs 150 Crore
Few Indian firms that become non-performing assets defraud three Indian banks of Rs 150 crore. IDBI Bank Ltd lost Rs 92.69 crore, Bank of Baroda lost Rs 49.23 crore, and HDFC Bank Rs 6.27 crore. Loans were given to Great Indian Nautanki Company Pvt. Ltd. Great Indian Tamasha Company Pvt. Ltd. is mentioned as the corporate guarantor. Wizcraft International Entertainment Pvt. Ltd. and S.G. Investments Pvt. Ltd. are also guarantors.
Tags: IDBI bank, BANK OF BARODA, HDFC BANK, Defraud, India
Courtesy: Free Press Journal
IRCTC Joins Hands With BoB; Launches BoB Rupay Credit Card
Bank of Baroda Financial Solutions (BOBFS) came together with IRCTC and launched BoB Rupay credit scheme. The new IRCTC BoB Rupay cashless scheme will help travelers to book tickets with maximum savings. Besides cheap tickets, the BoB cardholders will have additional benefits in shopping categories including fuel. IRCTC Chairman Rajni Hasija said, the users can also avail reward points (40) which is INR 100, to be used for tickets.
Tags: IRCTC, BANK OF BARODA, BoB Rupay, Train tickets, New Scheme
Bank Of Baroda Extends Services To Assam Rifles Personnel, Signs MoU
Bank of Baroda has reportedly signed a Memorandum of Understanding (MoU) with Assam Rifles, the country's oldest paramilitary force. Bank of Baroda will now provide its 'Central Forces Salary Package' to the personnel of Assam Rifles. The services will be extended to both retired and serving personnel. "We at Bank of Baroda are honoured to be able to serve the Assam Rifles", said Chief Defence Banking Advisor, Bank of Baroda.
Tags: Assam Rifles, BANK OF BARODA, Memorandum of Understanding, salary, Banking News
Bengaluru Woman Wins Over Bank; Receives Refund With Compensation
Bengaluru's Sundakadatte won her two-year-long battle against the Vijaynagar Branch of Bank of Baroda (BoB), for a faulty ATM withdrawal and delay in compensation from the bank. On August 21, 2019, she tried to withdraw Rs 15,000 from BoB's ATM but the faulty ATM caused failure in money withdrawal, and deduction of money. Post waiting to get any satisfactory response from the bank, she approached Consumer Forum in January 2020.
Tags: BANK OF BARODA, Vijya nagar Bank, bengalore, Relief and fefund
Courtesy: The Times of India
Ayodhya Ram Temple Trust Raises Over Rs 1000 Cr In A Month
Shri Ram Janmabhoomi Teerth Kshetra trust has amassed Rs 1,000 crore for the construction of Ayodhya’s Ram temple through a fundraising campaign started on January 15. Trust secretary Champat Rai informed that people across communities have made donations. Champat added that while 1.50 lakh Vishwa Hindu Parishad activists are mobilising funds from even remote villages, 37 deposit them in bank accounts. Reportedly, the temple trust possesses… read-more
Tags: ram temple, Shri Ram Janmabhoomi Theerth Kshetra, VHP, STATE BANK OF INDIA, Punjab National Bank, BANK OF BARODA
Courtesy: Money Control
Bank Of Baroda To Launch Banking Services On WhatsApp
Bank of Baroda is going to launch its banking services on WhatsApp to make the services simple for its customers. The 24X7 services will include balance inquiry, cheque book request, debit card blocking, and information and registration of banking products. The customers have to send a ‘Hi’ on the bank’s WhatsApp Business A/c No. 8433888777 to inquire or initiate the service.
Tags: BANK OF BARODA, WhatsApp, Bank, Banking services
BOB Successfully Integrates 3,898 Branches Of Dena, Vijaya Banks
Migrating over five crore customer accounts, Bank of Baroda has successfully integrated 3,898 branches of the former Dena Bank and Vijaya Bank. Apart from accounts and offices, credit cards, ATMs and POS Machines have also been migrated under the amalgamation. The banks have also integrated with all digital channels of BOB, like 'Baroda Connect' and 'M-Connect', which will be accessible to all the customers. The merger was initiated on April… read-more
Tags: BANK OF BARODA, Dena Bank, Vijaya Bank, Bank Merger
Courtesy: Times Now
SEBI Imposes Rs 10L Penalty Each For SBI, LIC and BOB Over Mutual Funds
Securities and Exchange Board of India (SEBI) has fined SBI, LIC and Bank of Baroda for holding more than 10 percent share in UTI mutual funds and having majority stake in fund houses, promoted by them. They will have to pay a fine of Rs 10 lakh each. These entities hold over 18 percent in each fund houses, violating the amendments of holding norms of 2018.
Tags: SEBI, MUTUAL FUNDS, SBI, LIC, BANK OF BARODA
Courtesy: The Times of India