SBI Cuts Savings Deposit Rate by 5 Bps to 2.7%, BoB Raises FCNR Deposit Rate
State Bank of India (SBI) has cut savings account rates by 5 basis points to 2.7% effective October 15. The new savings rate applies to...
Tag : bank of baroda
Govt Launches ONDC, Alternative to Flipkart & Amazon, in Bengaluru
To reduce the dominance of e-commerce giants such as Flipkart and Amazon, the government launched a major public-facing initiative in Bengaluru, the Open Network for...
Bank of Baroda Hikes FD Interest Rates by 20 Bps
Bank of Baroda has raised fixed deposit (FD) rates below Rs 2 crore. The bank has raised its fixed deposit rate by 20 basis points....
Indian Overseas Bank and Bank of Baroda Raise Lending Rates
Indian Overseas Bank increased the marginal cost of the funds-based lending rate (MCLR) by ten basis points. “A similar amount revised the two-year and three-year...
PSU Bank to Open Around 300 Branches in Unbanked Areas by December 2022
As part of the financial inclusion campaign, by December 2022, the public sector bank will open about 300 brick-and-mortar branches in unbanked areas of the...
Kotak Mahindra Bank Reports 5,278 Fraud Cases in Q1FY22-23, SBI 9 Only
According to the Reserve Bank of India (RBI) data, Leading private sector lender Kotak Mahindra Bank recorded as many as 5,278 fraud cases in Q1FY22-23...
Bank of Baroda to Raise Rs 5 billion Crore Via Perpetual Bonds
Three commercial bankers said that Bank of Baroda plans to raise at least Rs 5 billion ($62.52 million) by selling additional tier 1 perpetual bonds...
IDBI Bank Hits Four-Month High on Privatisation Hopes
Shares of IDBI Bank Ltd surged more than 9% to a four-month high of Rs 43.85 on the BSE after Bloomberg reported that the government...
Bank of Baroda to Raise Rs 2,500 Crore Via AT-1 Bonds
State-run Bank of Baroda said on August 22 that its board had approved raising funds through the issuance of Basel III-compliant Additional Tier 1 (AT-1)...
Yield Rise Erodes Bank Profits in Q1, SBI worst hit, Canara Gains
A jump in bond yields during the June quarter of 2022 negatively impacted all large lenders. Of eight major banks, only two have escaped losses....