bank of baroda

Two TV channel directors held for forgery


July 23rd, 2012 - 11:11 pm ICT by IANS
New Delhi, July 23 (IANS) Two directors of a Bhojpuri TV Channel were arrested for forgery to secure loans of nearly Rs.100 crore, a CBI official said Monday. A Delhi ... Read more...

Posted in Entertainment |

Fitch cuts SBI, PNB, ICICI Bank outlook to negative (Lead)


June 20th, 2012 - 6:22 pm ICT by IANS
Mumbai, June 20 (IANS) Global ratings agency Fitch Wednesday cut its outlook on leading Indian financial institutions, including State Bank of India (SBI), ICICI Bank and Punjab National Bank ... Read more...

Posted in Business |

Fitch revises ratings for 11 Indian financial institutions


June 20th, 2012 - 4:23 pm ICT by IANS
Chennai, June 20 (IANS) Credit rating agency Fitch Ratings Wednesday announced the revision of the Outlook on the 'BBB-' Long-Term (LT) Foreign Currency (FC) Issuer Default Rating (IDR) of ... Read more...

Posted in Business |

Akhilesh leads by example, declares assets


March 28th, 2012 - 1:54 pm ICT by IANS
Lucknow, March 28 (IANS) In a first, Uttar Pradesh Chief Minister Akhilesh Yadav has declared his assets and got them posted on the state government web site.The details of ... Read more...

Posted in Uncategorized |

India launches $2 billion infrastructure debt fund


March 5th, 2012 - 9:03 pm ICT by IANS
New Delhi, March 5 (IANS) The government, in partnership with private lenders ICICI Bank and the Citigroup, Monday launched a $2 billion infrastructure debt fund to meet long-term ... Read more...

Posted in Business |

Kingfisher cuts flights to fend off debt, banks plan lifeline (Roundup)


February 22nd, 2012 - 9:16 pm ICT by IANS
Mumbai/New Delhi, Feb 22 (IANS) Kingfisher Airlines, battling for survival, Wednesday submitted a new flight schedule to the industry regulator amidst buzz that the carrier has got a ... Read more...

Posted in Business |

SBI stock plunges on talk of loan to Kingfisher


February 22nd, 2012 - 6:49 pm ICT by IANS
Mumbai, Feb 22 (IANS) The country's largest lender State Bank of India (SBI) Wednesday saw its scrip plunging nearly eight percent on reports that it has agreed to provide ... Read more...

Posted in Business |

Rs.1.4 million looted from a bank in Chennai


February 20th, 2012 - 8:06 pm ICT by IANS
Chennai, Feb 20 (IANS) A four-member gang looted a large amount of cash from a suburban branch of the Indian Overseas Bank (IOB) at gunpoint Monday afternoon, said police.According ... Read more...

Posted in Uncategorized |

Africa to be ‘next centre of growth’ for Bank of Baroda


February 11th, 2012 - 5:27 pm ICT by IANS
Kolkata, Feb 11 (IANS) Public sector lender Bank of Baroda (BoB) is planning to expand its network in Africa for its incremental business growth by opening ten new branches in ... Read more...

Posted in Business |

Bank of Baroda expects 24 pc growth


February 11th, 2012 - 11:14 am ICT by IANS
Kolkata, Feb 11 (IANS) State-owned Bank of Baroda (BoB) is expecting total business growth of about 24 percent over last year at the end of March 2012."We plan to achieve ... Read more...

Posted in Business |

Thailand seeks Indian investments


January 25th, 2012 - 9:45 pm ICT by IANS
New Delhi, Jan 25 (IANS) Thai Prime Minister Yingluck Shinawatra Wednesday asked Indian businesses to invest in her country, saying it could act as a gateway to the larger ASEAN ... Read more...

Posted in Business |

Air India board approves issue of preferential shares to lenders


December 29th, 2011 - 11:21 pm ICT by IANS
New Delhi, Dec 29 (IANS) National carrier Air India Thursday said that its board has, under its financial restructuring plan, approved the issue of preferential shares to be allotted ... Read more...

Posted in Business |

ISB event to provide start-up businesses access to funding


December 1st, 2011 - 11:05 pm ICT by IANS
Hyderabad, Dec 1 (IANS) In a bid to provide funding access to start-up businesses, the Indian School of Business (ISB) Thursday launched its "Propero" initiative."The Propero initiative provides a platform ... Read more...

Posted in Business |

Air India board decides on loan restructuring, cost-cutting measures


November 29th, 2011 - 10:36 pm ICT by IANS
New Delhi, Nov 29 (IANS) Cash-strapped national carrier Air India's board Tuesday said its lenders have agreed to restructure the airline's massive debt of Rs.42,923.16 crore, after the Reserve ... Read more...

Posted in Business |

Banks’ downgrade pushes Sensex 207 points down


November 9th, 2011 - 7:27 pm ICT by IANS
Mumbai, Nov 9 (IANS) Indian equities fell sharply in afternoon trade Wednesday with a benchmark index closing 218 points lower as credit agency Moody's downgraded the rating of Indian ... Read more...

Posted in Business |

Kunal Kapoor raising funds for earthquake victims


September 30th, 2011 - 2:29 pm ICT by IANS
New Delhi, Sep 30 (IANS) Bollywood actor Kunal Kapoor has come forward to lend a helping hand to footballer Bhaichung Bhutia's plans to raise funds for earthquake-struck Sikkim."The situation ... Read more...

Posted in Uncategorized |

Rs.59 lakh looted from bank van in Uttar Pradesh


August 12th, 2011 - 9:28 pm ICT by IANS
Lucknow, Aug 12 (IANS) In a daring heist, unidentified armed men Friday looted about Rs.59 lakh from a bank van delivering cash to ATMs after shooting at a security guard ... Read more...

Posted in Uncategorized |

Bank of Baroda to open more branches in Africa


August 11th, 2011 - 11:32 pm ICT by IANS
Kolkata, Aug 11 (IANS) State-run Bank of Baroda is aiming to open 15 more branches in East African countries Kenya and Uganda and several other nations in Asia and Asia-Oceania ... Read more...

Posted in Business |

Rahi venture begins Gulbarga airport project


August 11th, 2011 - 1:01 am ICT by IANS
Bangalore, Aug 10 (IANS) Regional Airport-Holdings International Ltd (Rahi), a joint venture (JV) between Comet Infra-Developments Pvt. Ltd (CIDL) and IL&FS; Transportation Networks Ltd (ITNL), commenced project work on ... Read more...

Posted in Business |

IndiaFirst Life forays into health insurance


August 3rd, 2011 - 6:35 pm ICT by IANS
New Delhi, Aug 3 (IANS) IndiaFirst Life Insurance, a joint venture between Bank of Baroda and Andhra Bank and Britain-based Legal and General said Wednesday it was foraying into ... Read more...

Posted in Business |

Rs.1 crore burglary at Delhi bank cashier’s house


July 25th, 2011 - 11:32 pm ICT by IANS
New Delhi, July 25 (IANS) Cash and valuables worth Rs.1 crore were burgled from the house of a bank cashier in south Delhi's affluent Vasant Kunj area, police said Monday."Harish ... Read more...

Posted in Uncategorized |

Bank of Baroda, UAE trade hub sign agreement


July 11th, 2011 - 12:35 am ICT by IANS
Abu Dhabi, July 10 (IANS/WAM) India's Bank of Baroda has signed an agreement with Khalifa Industrial Zone Abu Dhabi (Kizad) to provide a range of commercial banking services, it was ... Read more...

Posted in Business |

Bank of Baroda expands in Africa with new Uganda branch


June 2nd, 2011 - 6:34 pm ICT by IANS
Kampala, June 2 (IANS) The state-run Bank of Baroda (BOB), which calls itself India's international bank, Thursday opened its 11th branch in Uganda as part of its renewed focus on ... Read more...

Posted in Business |

IOB planning to raise $350 mn through MTNs


May 10th, 2011 - 6:58 pm ICT by IANS
Kolkata, May 10 (IANS) Public sector Indian Overseas Bank (IOB) is planning to raise $350 million through medium term notes (MTNs) in the next three to six months, a top ... Read more...

Posted in Business |

28th National Kannada Sammelana begins on Apr. 9


April 4th, 2011 - 4:38 pm ICT by ANI
New Delhi, Apr 4 (ANI): The 28th National Kannada Sammelana will be held here on April 9 and 10.In the conference, M.D. Mallya, Chairman and Managing Director, Bank of Baroda, Sri Sri ... Read more...

Posted in National |

Bank of Baroda to expand operations in New Zealand


April 3rd, 2011 - 12:50 pm ICT by IANS
Hamilton (New Zealand), April 3 (IANS) Bank of Baroda is all set to expand its banking operations in New Zealand, an official said.The bank's first branch was opened in Auckland ... Read more...

Posted in Business |

Indian bank clocks 120 percent growth in Trinidad and Tobago


February 24th, 2011 - 2:47 pm ICT by IANS
By Paras Ramoutar Port-of-Spain, Feb 24 (IANS) India's Bank of Baroda has recorded a whopping 120 percent growth in credit in Trinidad and Tobago.The bank also recorded a 75 percent growth in total ... Read more...

Posted in Business |

M.D. Mallya chosen ‘Best Banker’ by Kannada periodical


February 18th, 2011 - 6:36 pm ICT by ANI
New Delhi, Feb 18 (ANI): The Chairman and Managing Director of Bank of Baroda, M.D. Mallya, has been selected for this year's prestigious T.A. Pai memorial 'Best Banker' award instituted by 'Dehali ... Read more...

Posted in National |

Two bank robbers killed in Jharkhand gun battle


February 10th, 2011 - 3:28 pm ICT by IANS
Bokaro, Feb 10 (IANS) Two bank robbers were killed and three others, including a police officer, were injured in a gun battle in this Jharkhand city Thursday."Four criminals barged into the Bank ... Read more...

Posted in Uncategorized |

Diwali mela with a business school twist


October 31st, 2010 - 9:19 pm ICT by IANS
Gurgaon, Oct 31 (IANS) A daylong Diwali mela at the Management Development Institute (MDI) here Sunday combined work and play, with the business school using the event to map consumer behaviour and ... Read more...

Posted in Business |

IndiaFirst Life to expand distribution reach


September 2nd, 2010 - 3:21 pm ICT by IANS
Chennai, Sep 2 (IANS) IndiaFirst Life Insurance, a three-way joint venture of Andhra Bank, Bank of Baroda and British financial institution Legal and General, will open 12 new branches to sell its ... Read more...

Posted in Business |

Mukherjee, banks differ on liquidity, rate hike plan


August 14th, 2010 - 9:06 pm ICT by IANS
New Delhi, Aug 14 (IANS) Finance Minister Pranab Mukherjee said Saturday that banks will not raise their interest rates in response to the Reserve Bank of India's (RBI) tight monetary policy ... Read more...

Posted in Business |

Rs.15 lakh looted from Bengal bank


July 23rd, 2010 - 7:44 pm ICT by IANS
Kolkata, July 23 (IANS) Six dacoits posing as customers looted Rs.15 lakh at gunpoint from the Anandapur branch of the Bank of Baroda in West Bengal's North 24 Parganas district Friday. The ... Read more...

Posted in Uncategorized |

New interest rate regime come into force Thursday


June 30th, 2010 - 6:26 pm ICT by IANS
Mumbai, June 29 (IANS) A new interest rate regime, aimed at improving transparency and disallowing big corporations to get loans at rates below established benchmarks, will kick in from Thursday as ... Read more...

Posted in Business |

Pranab ask states, banks to extend banking access to all (Lead)


June 28th, 2010 - 9:44 pm ICT by IANS
Mumbai, June 28 (IANS) Finance Minister Pranab Mukherji Monday asked the central and western states and public sector banks to extend mainstream banking facilities to the poor, small farmers and micro-entrepreneurs. ... Read more...

Posted in Business |

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