| Bank Of Baroda Related news |
Centre appoints Hasmukh Adhia as chairman of Bank of Baroda
Posted on 2nd March 2019 |
.jpg) |
The government Friday appointed former Finance Secretary Hasmukh Adhia as chairman of state-owned Bank of Baroda (BoB). Bank of Baroda is set to become the third largest lender of the country after amalgamation with Vijaya Bank and Dena Bank effective April 1. |
|
|
RCom debt among Rs 6,000 crore NPAs put on the block by Bank of Baroda
Posted on 28th February 2019 |
.jpg) |
Bank of Baroda (BoB) has put on sale non-performing assets (NPAs) worth nearly Rs 6,000 crore, including its Rs 1,838-crore exposure to Reliance Communications (RCom). The accounts are being offered on an all-cash basis. A notification inviting expressions of interest (EoIs) from asset reconstruction companies (ARCs) for 49 bad-loan accounts worth Rs 5,928 crore said the EoIs, with indicative prices, must be filed by March 7. |
|
|
Bank of Baroda to sell NPAs worth Rs 6,000 cr, including RCom debt
Posted on 27th February 2019 |
.jpg) |
State-owned Bank of Baroda (BoB) has floated an expression (EoI) of interest to sell its non performing assets worth over Rs 5,928 crore, including its Rs 1,838 crore loan to cash-strapped Reliance Communications. The bank has identified loans to 49 companies, including two power firms run by GVK (totalling Rs 357 crore), GMR Chhattisgarh Energy Ltd (Rs 218 crore), and Monnet Power Company (Rs 199 crore), for sale. |
|
|
Mumbai: CBI files case against private firm for Rs 274 crore fraud
Posted on 6th February 2019 |
.jpg) |
Central Bureau of Investigation (CBI) has registered a case of cheating against a Mumbai-based private company for allegedly duping Bank of Baroda (BoB) to the tune of Rs 274 crore. According to the CBI officials, a written complaint was received last month from SK Sharma, deputy general manager from BoB, alleging that M/s PSL Ltd, its directors and other accused persons, during the period of 2011 to 2016 were party to a criminal conspiracy to cheat BoB. |
|
|
Bank of Baroda doubles minimum balance limit for savings account
Posted on 10th January 2019 |
.jpg) |
New Delhi: Bank of Baroda (BoB) will be increasing the minimum quarterly average balance that has to be maintained in its advantage savings account. “With effect from 1 February, 2019 the minimum quarterly average balance in Baroda advantage savings account will be updated,” BoB said in a tweet. For metro, urban and semi-urban branches, the bank has doubled the minimum quarterly average balance. However, there is no change for such accounts in its rural branches. |
|
|
Bank of Baroda shares rally; Vijaya Bank, Dena Bank stocks plunge after merger swap ratio announcement
Posted on 3rd January 2019 |
.jpg) |
After the mega PSU bank merger between Bank of Baroda, Vijaya Bank and Dena Bank received Union Cabinet approval yesterday, shares of BoB rallied while the other two lenders tanked in the morning trade on Thursday, as investors reacted to the merger swap ratio. Shares of Bank of Baroda rallied more than 3% to Rs 123.40 on NSE while, Vijaya Bank shares plunged by nearly 7.5% to hit the day’s low at Rs 51.05. Dena Bank shares tanked by 20% to Rs 14.40 in the morning trade. |
|
|
BoB sets share swap ratio for merger with Vijaya, Dena banks
Posted on 2nd January 2019 |
.jpg) |
New Delhi: Bank of Baroda (BoB) on Wednesday finalised the share swap ratio for merger of Vijaya Bank and Dena Bank with itself. As per the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every 1,000 shares held. In case of Dena Bank, its shareholders will get 110 shares for every 1,000 shares of BoB. |
|
|
BoB, Dena, Vijaya Bank to start operations from April 1
Posted on 29th November 2018 |
.jpg) |
New Delhi: The second big merger of state lenders by the Narendra Modi government will be completed this financial year and the merged bank will start operations from the new fiscal. Sources said the share swap ratio for the merger of Dena Bank and Vijaya Bank with the larger bank Bank of Baroda will be decided next month and the merged entity will kick off operations from April 1, 2019. |
|
|
Bank of Baroda to put 35 NPAs up for sale to recover Rs 4,237-cr dues
Posted on 22nd November 2018 |
.jpg) |
Bank of Baroda has proposed to put 35 non-performing assets (NPAs) up for sale, including several ailing power assets, to recover dues worth Rs 4,237 crore and has invited expressions of interest from asset reconstruction companies (ARCs) and financial institutions (FIs). In a notification on its website, the bank said, “Besides the amount outstanding under any disbursed loans |
|
|
|
|
|
|
|
|
|
|
|
.jpg)
