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BoB hopes to save Rs 9,500 crore from mergerThe bank has identified 537 branches out of which 345 will be merged with each other and 192 will be relocated.- Fintech game changer or a work in progress? RBI's sandbox move divides industryBackers are calling the initiative a game changer even as others seek more operational clarity.
- Bank of Baroda to buy Rs 6,000 crore NBFC loans this quarterThe bank is set buy Rs 6,000 crore of NBFC loans through direct assignment route by the end of the ongoing quarter, a bank spokesperson sai...
- Bank of Baroda to buy around Rs 6,000 crore of securitised NBFC loans in Q2The lender had already bought around Rs 3,500 crore loans from NBFCs in the June quarter.
- Delay becomes the norm in insolvency & bankruptcy casesAs much as 34% of the 1,292 cases in the bankruptcy courts up to June 2019 are delayed beyond 270 days.
- Shadow banking crisis raises risk of Indian bad-loan reduxThe spreading debt woes have fueled talk that the crisis is entering a second, more dangerous, phase.
- Bank of Baroda launches creche/daycare facility for children of employeesThis initiative is designed to help employees save time and reduce stress of finding the right care for children in the age group of 6 mont...
- Do not expect more stress for banking system: Papia Sengupta, BoB“We never expected interim relief from Allahabad HC but individual borrowers were gung-ho on it.“
- One year of resolving big defaults: Post RBI diktat, glass half fullWhen the banking regulator ordered banks to try the top 12 defaulters under the new bankruptcy law, it was the beginning of a journey to re...
- Bad loan recovery in Q2 falls as sales to ARCs dipState Bank of India, the country’s largest lender, saw its recoveries halve sequentially to Rs 2,210 crore at the end of September.
- BoB sets up two arms to quicken loan processingThe state-owned bank has set up Baroda Global Shared Services in Ahmedabad's GIFT city.
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