Bank of Baroda

Indian Banks’ Association mulls exempting experts from general banking work

In light of the Rs 6,100-crore Bank of Baroda (BoB) money remittance case, Indian Banks' Association (IBA) is considering a proposal to engage specialist officers only in their areas of core competencies rather than general b

CVC seeks report from CBI, Bank of Baroda in Rs 6,100 cr forex scam

Anti-graft watch dog Central Vigilance Commission has sought a report from the CBI and Bank of Baroda in connection with an on-going probe in alleged fraudulent transactions of Rs 6,100 crore to Hong Kong.

BoB fraud case won’t lead to systemic problem in sector: Finmin

The finance ministry on Wednesday said the Bank of Baroda (BoB) fraud case was a one-off incident, and would not lead to any systemic problem in the banking sector.

Forex scam: BoB, HDFC Bank, Axis Bank, others face Sebi scrutiny for disclosure lapses

As a multi-agency probe continues in the alleged forex-based black money case involving thousands of crores of rupees, capital markets regulator Sebi and stock exchanges have now begun a scrutiny of several banks for any viol

forex scam

Bank of Baroda money laundering case: Court extends by six days ED custody of four accused

A Delhi court today extended by six days the ED custody of four persons, including an HDFC bank employee, arrested on money laundering charges in the Rs 6,000-crore remittances case of a Bank of Baroda (BoB) branch.

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Bank of Baroda’s Rs 6000 crore forex scam: All you need to know in 10 points

Bank of Baroda scam: The alleged Rs 6000 crore forex scam has stirred up a hornet's nest for the country's banking sector.

bank of baroda scam

ED unearths another Bank of Baroda-like case involving 8 banks

The Enforcement Directorate has unearthed yet another trade-based money laundering case worth over Rs 550 crore perpetrated by allegedly using banking channels of nine major national and international banks, with illegal remi

Bank of Baroda

Bank of Baroda fraud: RBI Guv Raghuram Rajan says guilty will have to ‘pay the price’

Expressing concern over illegal Rs 6,000 crore transfer of funds through a Bank of Baroda branch, RBI Governor Raghuram Rajan said it will be pursued both by the central bank and investigative agencies to the "ultimate conclu

Raghuram rajan on bob scam

HDFC Bank says fully cooperating with probe agency

HDFC Bank, whose one employee has been arrested in the alleged Bank of Baroda Rs 6,000-crore illegal remittances case, today said it is examining the matter internally and cooperating with investigation authorities.

HDFC bank

Rs 6,000 cr forex ‘scam’: More banks like Bank of Baroda, HDFC may be involved; exports went to Afghanistan

The alleged over Rs 6,000-crore Bank of Baroda (BoB) forex scam is threatening to open a Pandora’s box in the banking sector.

Bank of Baroda

Downgrade Bank of Baroda on alleged scam: IDFC Institutional Securities

Downgrade Bank of Baroda (BoB) to neutral (earlier outperformer) following the recent negative events – that is alleged forex scam of Rs 6,200 crore.

Bank of Baroda Q1 results shares

As crisis deepens, new MD says to appoint external audit agency

Bank of Baroda is planning to appoint an external accounting firm to look at its KYC policies and come up with a set of recommendations, newly appointed managing director & CEO PS Jayakumar said on Tuesday.

New Bank of Baroda chief says external agency to probe scams

P S Jayakumar, who today took charge as the MD and CEO of the scam-hit Bank of Baroda (BoB), said he will soon hire an external accounting agency to identify factors that led to the Rs 6,175-crore alleged forex scam and the R

Bank of Baroda money laundering case: HDFC Bank official among 4 arrested by ED

Four persons, including an HDFC bank employee, were today arrested by Enforcement Directorate (ED) under money laundering charges in the Rs 6,000 crore...

Bank of Baroda

P S Jayakumar takes over as MD and CEO of Bank of Baroda

P S Jayakumar has taken over as the chief of BoB at a time when the bank is under the investigation glare for an alleged fraud and black money transactions worth over Rs 6,000 crore.

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Bank of Baroda shares plunge nearly 8% intraday

Shares of Bank of Baroda fell sharply by nearly 8 per cent today after the CBI carried out searches at three locations in New Delhi in connection with alleged Rs 6,000 crore remittances sent from BoB to Hong Kong camouflaged

Bank of Baroda Q1 results shares

CBI searches Bank of Baroda branch, 2 other places for fishy remittances

CBI teams today carried out searches at three locations here in connection with alleged Rs 6,000 crore remittances sent from Bank of Baroda to Hong Kong camouflaged as payments for non-existent imports.

Bank of Baroda Q1 results shares

Bank of Baroda detects Rs 350 cr bill discounting irregularity

State-owned Bank of Baroda has detected Rs 350 crore bill discounting irregularity and initiated an investigation into it.

Bank of Baroda Q1 results shares

Banks like SBI, Bank of Baroda forced to inject funds into UK subsidiaries

Some of India's biggest banks like the SBI are being forced to inject hundreds of millions of pounds to capitalise new UK subsidiaries under new rules.

After inking a first, FinMin says no more hiring from private sector for PSB top jobs

Having appointed private sector professionals to head two large public sector banks (PSBs), the Finance Ministry today said further such hiring of CEO and managing directors in banks would be from existing public sector talen

psbs lending rate

Narendra Modi govt taps private sector for two state bank bosses in industry shake-up

Government has brought in private sector executives to run two of its largest state-owned banks, the first such appointments in a broad reform plan to shake up the country's dominant but often inefficient government-backed le

In a first private sector professionals to head Bank of Baroda, Canara Bank

In a significant change of policy, government has roped in private sector professionals to run two of its largest banks -- Bank of Baroda and Canara Bank -- as it announced appointment of MDs and CEOs of five lenders.

Bank of Baroda Q1 results shares

‘Buy’ rating on Bank of Baroda: Asset quality worsens

Loan growth weak, but CASA and slippage ratios improve

Five PSU banks declare GTL an NPA, company says not aware

Among the 17 lenders to the company are Bank of Baroda, Bank of India, Union Bank and United Bank of India, while the consortium leader is IDBI Bank.

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BoB net slips 48% on provisioning, but scrip soars 17% on q-o-q profit

Even as Bank of Baroda net slipped 48%, the shares surged 17% on account of a sequential jump of 79% in the profit...

PNB, BoB set tone for grim public sector bank story

These are the first two large PSBs to report quarterly results and, while it would be premature to make conclusions, they might give a sense of how their peers would have performed during the period

Bank to focus more on retail biz this fiscal: Ranjan Dhawan

Bank of Baroda managing director and CEO Ranjan Dhawan says the economy is yet to see a turnaround and it would be too soon to expect one before the year end. He said in the current fiscal, the bank will concentrate more on r

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