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India’s leading Public sector bank, Bank of Baroda launched Start-up Banking initiative, to connect with start-up firms across the country. The initiative, which was launched simultaneously across 15 cities in the country, was inaugurated by Finance Secretary Rajiv Kumar. This initiative aims to connect with at least 2000 start ups and will offer customised products ..
Indian Public sector bank, Bank of Baroda recently signed an MoU with Indian credit rating agency, Care Ratings. The pact aims to assess credit quality of the small and medium enterprises (SME) customers of the bank. The rating agency is expected to evaluate the credit quality of the existing and potential SME customers of the ..
As per an order issued on Monday, 20th January 2020 by the Ministry of Personnel, Sanjiv Chadha, who was serving as the Deputy Managing Director in the State Bank of India has been appointed as the Managing Director and Chief Executive Officer of the country’s third-largest lender and public sector bank, Bank of Baroda (BOB). ..
The Investor Education and Protection Fund Authority (IEPFA) and Bank of Baroda have signed a Memorandum of Understanding(MoU) for Investor Awareness at New Delhi on 4th December 2019. Investor Education and Protection Fund (IEPF) is for the protection of the interests of investors and for the promotion of investor’s awareness.IEPF was established by the Ministry ..
U GRO Capital has entered into a Small and Medium Enterprises (SME) loan co-origination agreement with the country’s largest lender State Bank of India (SBI) to increase loan disbursal and to maximize the credit outreach. GRO-Xstream is an indigenously developed proprietary technology platform of U GRO capital that will provide in-principle loan approval within 60 ..
The Bank of Baroda (BoB) has signed a Memorandum of Understanding (MoU) with Indian Army under which the bank would offer customised services along with a host of facilities to account holders. The MoU offers handsome free personal accident insurance cover, free air accident insurance cover of Rs 15 lakh to Rs 50 lakh and ..
The government has unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders. Proposed Merger Punjab National Bank, Oriental Bank of Commerce and United Bank of India will combine to form the nation’s second-largest lender. Canara Bank and Syndicate Bank will merge. Union Bank ..
In a slew of measures announced by the Finance Minister of India, Nirmala Sitharaman on 30th August, 2019, to take the country out of economic doldrums, one particular step of the government has stood out. This was the planned merger of 10 public sectors into 4 banks. The anchor banks for this merger will be ..