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Bank of Baroda board meeting tomorrow to discuss fundraising for infrastructure and affordable housing | Mint
Bank of Baroda board meeting tomorrow to discuss fundraising for infrastructure and affordable housing. Reserve Bank of India had directed BoB to halt onboarding fresh customers on its mobile application 'bob World' with immediate effect.
The ugly underbelly of BoB’s app usage fiasco | Mint The Reserve Bank of India (RBI) finally took cognizance of news reports and cut off further onboarding. Not only were users registered on the app without their knowledge, some had money stolen from their accounts. BoB used a carrot-and-stick policy in its app push.
A war of words over BoB's mobile app fiasco | Mint Bank of Baroda (BoB) management and its former chief digital officer (CDO) clashed over irregularities in signing up customers through its mobile banking app bob World. The Reserve Bank of India (RBI) barred BoB from onboarding new customers through the app until its deficiencies were rectified and processes strengthened.
RBI action may weigh on growth, increase costs for Bank of Baroda RBI’s decision to ban the onboarding of new accounts on the ‘bob World’ mobile digital platform led to a selloff in the Bank of Baroda (BoB) stock. The stock of the public sector bank dropped by around 3 per cent. BoB released its Q2FY24 business update a few days ago.
Bank of Baroda issues clarification after RBI bars PSU bank from onboarding new customers through BoB World mobile app | Mint The Reserve Bank of India has barred the Bank of Baroda from onboarding new customers through its 'Bob World' mobile app following material supervisory concerns. BoB said corrective measures were being taken to address the deficiencies.
Stocks to Watch: Bank of Baroda, TCS, MCX, Union Bank of India, Cipla | Mint The Reserve Bank of India (RBI) on Tuesday asked the Bank of Baroda (BoB) to immediately suspend further onboarding of customers onto their mobile app ‘bob World’ Tata Consultancy Services (TCS) will report its earnings for the quarter ended September 2023 on Wednesday, October 11.
RBI asks BoB to suspend onboarding customers on ‘bob World’ mobile app The Reserve Bank of India (RBI) has directed Bank of Baroda (BoB) to suspend, with immediate effect, any further onboarding of customers on its ‘bob World’ mobile application. “This action is based on certain material supervisory concerns observed in the manner of onboarding,” the RBI said in a circular.
RBI orders Bank of Baroda to suspend further customer onboarding on ‘bob World’ mobile app | Mint The Reserve Bank of India (RBI) ordered Bank of Baroda (BoB) to suspend further customer onboarding on its ‘bob World’ mobile app with immediate effect. BoB on Monday, October 9, hiked the interest rates on fixed deposit (FD) rates by up to 50 basis points (bps) across various tenors.
RBI orders Bank of Baroda to suspend further customer onboarding on ‘bob World’ mobile app | Mint The Reserve Bank of India (RBI) ordered Bank of Baroda (BoB) to suspend further customer onboarding on its ‘bob World’ mobile app with immediate effect. The central bank cited material supervisory concerns. BoB on Monday, October 9, hiked the interest rates on fixed deposit (FD) rates by up to 50 basis points (bps) across various tenors.
RBI tells BoB not to sign up users on app | Mint The Reserve Bank of India (RBI) asked Bank of Baroda (BoB) to immediately suspend further onboarding of customers onto their mobile app ‘bob World’ This ban comes after RBI found material supervisory concerns while onboarding customers onto the app.
Buy or sell: Vaishali parekh recommends three stocks to buy today — September 25 | Mint On account of weak global cues, Indian stock market ended lower for fourth straight session on Friday last week. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that Dalal Street sentiments have further weakened after Nifty 50 index closed below 19,700 levels on Friday. On stocks to buy today: RVNL, Bank of Baroda (BoB) and Schneider Electric.
Buy or sell: Vaishali parekh recommends three stocks to buy today — September 25 | Mint Indian stock market ended lower for fourth straight session on Friday last week. Nifty 50 index ended 68 points lower at 19,674 levels, BSE Sensex corrected 221 points and closed at 66,009 mark. Prabhudas Lilladher expert Vaishali Parekh recommends RVNL, Bank of Baroda (BoB) and Schneider Electric.
Bank of Baroda launches festive offer with attractive rates on home loans and new savings accounts. Check offers here | Mint State-owned Bank of Baroda (BoB) on Tuesday announced the launch of the “BOB Ke Sang Tyohaar Ki Umang" festive campaign, which will run up to 31st December, 2023. Under the campaign, BoB launched a festival offer with an attractive rate of interest on home, car, personal, and education loans.
5,000 solar dehydration units for processing fruits, vegetables to come up in State by December The Andhra Pradesh Food Processing Society (APFPS) has entered into a Memorandum of Understanding (MoU) with the Bank of Baroda. As part of the MoU signed between APFPS CEO L. Sridhar Reddy and BoB Deputy General Manager Chandan Sahoo in Vijayawada on August 21 (Monday), 5,000 solar dehydration units will be set up by December.
Deol seeks to settle dues, BoB drops auction | Mint Bank of Baroda (BoB) on Monday said Sunny Deol has approached the bank to settle dues. The state-owned lender advertised a proposal to sell his Juhu property. The bank had set 25 September as the e-auction date, bids for which, it said in a notice on Sunday, were to be submitted by 5 pm on 22 September.
Row over Sunny Deol's bungalow as Congress questions withdrawal of bank notice Bank of Baroda (BoB) withdrew the e-auction notice for the Juhu bungalow of actor and Bharatiya Janata Party MP Sunny Deol. The Gurdaspur MP, whose latest movie "Gadar 2" is a box office success has been in default on a ₹55.99 crore loan from the bank.
Deol seeks to settle dues, BoB drops auction | Mint Bank of Baroda (BoB) on Monday said Sunny Deol has approached the bank to settle dues. The state-owned lender advertised a proposal to sell his Juhu property. The bank had set 25 September as the e-auction date, bids for which were to be submitted by 22 September.
BoB to auction Sunny Deol’s Juhu property to recover ₹56 cr | Mint State-owned Bank of Baroda (BoB) has decided to auction actor Sunny Deol’s property in Juhu. The reserve price for the proposed sale is ₹51.43 crore. The bank has set 25 September as the date for the e-auction.
Bank of Baroda’s NIM slips in Q1; recovery crucial for stock | Mint Bank of Baroda (BoB) reported its June quarter (Q1FY24) results on Saturday. As is the case with most large banks, BoB also saw a sequential decline in net interest margin (NIM) In Q1, NIM was down 26 basis points (bps) sequentially to 3.27%.
Stocks to Watch: Yatharth, RIL, PolicyBazaar, Tata Motors, BoB, Delhivery, and Others Nifty futures traded 8.5 points, or 0.04 per cent, higher at 19,597. Shares of firms like Yatharth, RIL, PolicyBazaar, Tata Motors, BoB, Delhivery, and others will be in focus.
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