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
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.
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
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.
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
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
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.
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.
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
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
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.
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
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 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 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