Free Press Journal
  • IL&FS loan book remains standard: Bank of Baroda

    Mumbai: Bank of Baroda on Tuesday said it’s loan account to Infrastructure Leasing and Financing Services continues to remain standard at present. The state-run lender said it continues to lend to NBFCs and housing finance companies (HFCs). “We do have exposure to IL&FS. As of now, these accounts that we have with IL&FS and all other NBFCs are fully performing. Tomorrow what it will be, we will have to talk tomorrow,” the

  • Job opportunities 2018: Bank of Baroda (BoB) is hiring for various position; details inside

    Bank of Baroda has invited candidates for applying for the posts of IT professionals. There are 20 posts open for recruitment. Application process has started on September 27, 2018 and the last date for submission of the application form is October 18, 2018. The applicants must make sure that they fulfil all the eligibility criteria before applying for the posts.

  • Belated merger but welcome

    For over four years, the Government did virtually nothing to push the economic reforms, focusing, instead, on the nuts and bolts of the economic system, fixing leakages, removing bottlenecks and trying to work the inherited economic engine as well as it could. The disinvestment process was halted, the public sector was sought to be freed from government controls in the hope that it would turn the corner. It did not. Air India

  • Merged banks’ entity may be operational from April 1

    New Delhi : The new entity to be formed with the merger of Bank of Baroda, Vijaya Bank and Dena Bank will be operational in the beginning of the next financial year, sources said.

  • Centre set to merge BoB, Dena and Vijaya Bank

    New Delhi : The government on Monday said state-owned Bank of Baroda (BoB), Vijaya Bank and Dena Bank will be merged to create the country’s third-largest lender as part of efforts to revive credit and economic growth.

  • Bank of Baroda collaborates with in IBM, Accenture for ‘state-of-the-art’ ITCoE

    Mumbai: Aiming to enhance business growth and portfolio diversification using “digitisation”, Bank of Baroda on Wednesday announced its partnership with technology majors IBM and Accenture to power its state-of-the-art IT Centre of Excellence (ITCoE) and Analytics Centre of Excellence (ACoE).

  • BoB in talks to sell Malaysian JV

    Mumbai : Bank of Baroda along with Indian Overseas Bank and Andhra Bank are in advanced discussions with a possible buyer to sell their stake in Malaysian joint venture —India International Bank (Malaysia) Berhad, two sources involved with the negotiations said.

  • Government is considering merging Bank of Baroda, IDBI Bank Ltd, Oriental Bank of Commerce and Central Bank of India

    According to a report by Mint, the government is considering merging at least four state run banks, including Bank of Baroda, IDBI Bank Ltd, Oriental Bank of Commerce and Central Bank of India. If things goes according to plan, the merged entity will become the second-largest bank in the country after State Bank of India, with combined assets of Rs 16.58 lakh crore.

  • UK, Vijay Mallya, London, Fugitive tycoon, British Assets, family's lavish residences, Vijay Mallya on his assets

    Vijay Mallya loses UK case, Banks can now recover Rs 10,000 crore

    London: Absconding tycoon Vijay Mallya has lost a major lawsuit in UK. It was filed by Indian banks which are seeking to collect more than $1.55 billion in claims, reports CNN IBN. Significantly, the judge also refused to overturn a worldwide order freezing Mallya’s assets and upheld a Karnataka debt tribunal’s ruling that a consortium of 13 Indian banks were entitled to recover funds amounting to nearly Rs 10,404 crore from the

  • Aircel owes Rs 19,700 cr to banks, Wipro, Bharti

    Mumbai : Bankrupt telecom company Aircel owes over Rs 19,700 crore to various banks, nearly Rs 1,400 crore to some companies owned by fellow competitor Bharti Airtel and almost Rs 300 crore to Wipro, documents show.

  • CBI grills former BoB chief, 5 others in Rotomac case

    New Delhi : The CBI has questioned six former senior officials of Bank of Baroda, including its former chairman-cum- managing director (CMD) M D Mallya, in connection with Rs 2,919-crore alleged loan fraud by Rotomac, officials said here.

  • Rotomac case: CBI questions six former Bank of Baroda officials

    New Delhi: The CBI on Tuesday questioned six former Bank of Baroda officials, including then Chairman and Managing Director M.D. Mallya, in connection with the Rs 3,695 crore bank fraud case involving the Rotomac group. A Central Bureau of Investigation (CBI) official said here that those questioned for the last three days along with Mallya were then Executive Directors V. Santhanarman and R.K. Bakshi, a bank board Director, a General Manager and

  • Govt set to reconstitute banks bureau shortly

    Although BBB was tasked with the responsibility of devising differentiated strategies and capital raising plans for PSBs it was not consulted in such matters.

  • BoB fined Rs 9-cr over forex remittance scam

    New Delhi : The Financial Intelligence Unit (FIU) has slapped Rs 9 crore penalty on Bank of Baroda for “failing” to adhere to anti-money laundering norms, and not having an effective system to report suspicious transactions linked to the Rs 6,000 crore scam in its Delhi-based branch.

  • Noose tightens for PSBs as RBI begins special auditing

    New Delhi : Rattled by spate of banking frauds, RBI has initiated special audit of state-owned lenders with focus on trade financing activities, especially relating to issuance of letters of undertakings (LoUs) by them, banking sources said.

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