Tag: Bank of Baroda

Indian Army signs MoU with Bank of Baroda for new ‘Baroda Military Salary Package’

NEW DELHI: Indian Army and Bank of Baroda have entered into a Memorandum of Understanding (MoU) for ‘Baroda Military Salary Package’. The MoU was signed by Lt Gen Ravin Khosla, DG(MP&PS) and Shri Vikramaditya Singh Khichi, Executive Director, Bank of Baroda in presence of Lt Gen Harsha Gupta, Adjutant General, Indian Army who also chaired […]

Bank of Baroda puts Bhushan Power & Steel, 66 other accounts on block

NEW DELHI: As resolution through the insolvency courts keep getting delayed inordinately, the state-run Bank of Baroda has put on sale non-performing loans amounting to Rs 9,060 crore, including two large accounts – Bhushan Power & Steel and Alok Industries which are undergoing insolvency process but delayed. While Bhushan Power & Steel dues are to […]

Bank of Baroda, Vijaya Bank approve merger proposal to create second largest PSU lender

NEW DELHI: The boards of state-run Bank of Baroda (BoB) and Vijaya Bank on Saturday gave in-principle approvals for their amalgamation with another lender Dena Bank, a move that would create the second-largest entity in the PSU banking space. Earlier this month, the government announced the merger of Bank of Baroda, Vijaya Bank and Dena […]

Vijaya Bank board approves merger proposal with Bank of Baroda, Dena Bank

NEW DELHI: The board of state-run Vijaya Bank on Saturday gave in-principle approval for its merger with Bank of Baroda along with another PSU lender Dena Bank. Earlier this month, the government announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank to create the country’s second-largest public sector bank by assets and […]

Vijaya Bank, Bank of Baroda, and Dena Bank to merge

NEW DELHI: The government of India will merge state-owned Vijaya Bank, Dena Bank and Bank of Baroda to create India’s third largest lender, a top government official said on Monday. Boards of the three banks will examine amalgamation proposal, the department of financial services secretary, Rajeev Kumar, told a news conference here. He said the […]

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