The sudden withdrawal of the e-auction of Sunny Deol's Juhu House has created suspicion amongst the opposition. The Bank of Baroda is being scrutinized, how in just 24 hours of the auction announcement, the Bollywood-actor-turned BJP MP Sunny Deol reached out for settlement and the defaulter was said to be a technical issue. Notably, the Bank issued a clarification, saying Deol approached for Rs 55 crores settlement, leading to cancellation… read-more
Courtesy: The Free Press Journal
After announcing the e-auction of Sunny Deol's Juhu Bungalow, the Bank of Baroda issued an official statement announcing the withdrawal of the auction orders. "Corrigendum to e-auction notice with regards to sale auction notice in respect of Mr Ajay Singh Deol alias Mr Sunny Deol stands withdrawn due to technical reasons," read the statement. Notably, the actor-turned-politician was defaulting on Rs 55 crore, payment since December.
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.
Courtesy: Zee News India
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.
Courtesy: Free Press Journal
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.
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.
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.
Courtesy: The Times of India
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
Courtesy: Money Control
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.
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
Courtesy: Times Now