Bank of Baroda raises MCLR from 8.3% to 8.5% effective January 12
The marginal cost of funds-based lending rate, often known as the MCLR, is the lowest possible rate of interest at which a bank is allowed to lend money, with a few exceptions.
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Bank of Baroda’s Q2 earnings increased by 59% to Rs 3,313 crore
The bank's provisions decreased during the quarter, while asset quality significantly improved. Additionally, the organic retail loan portfolio witnessed sound expansion with strong personal loan book performance. In general, deposits and advances grew significantly in Q2FY23.
PSU Banks are adapting to new digital means owing EASE reforms
Public Sector Banks are adapting to new digital means and increasing their digital presence to be up to date with the new generation.
Stocks to watch today: NTPC, Gillette India, TVS Electronics, Infosys, TCS
Delta Corp. and Balrampur Chini Mills have been taken off the list of stocks subject to the F&O trading prohibition as of Tuesday.
CBI investigate Punjab AAP MLA for Rs 40 crore “bank fraud” case
The CBI is conducting searches at three Sangrur locations linked to Punjab AAP MLA Jaswant Singh Gajjan Majra in a bank fraud case involving over Rs 40 crore, officials said Saturday.
Bank of Maharashtra ranks #1 in PSU lenders chart for loans & savings deposit growth in Q3
In terms of (Retail, Agriculture and MSME) segment, BoM reported the highest growth rate of 18.06 per cent at Rs 75,927 crore.
Bank of Baroda reports net profit of Rs 2,197 crore in Q3
Conditions for bad loans and contingencies drop down to Rs 2,507 crore for the quarter ended December 2021.
HDFC Home Loans now available at 6.7% interest as a special festive offer
This new HDFC Home Loan offer will apply to all new loan applications irrespective of the loan amount or employment category.
Bank of Baroda reports profit of Rs 1,209 crore in Q1
For the quarter, the total provisions and contingencies eased to Rs 4,111.99 crore from Rs 5,628 crore a year ago.
Ola Electric and Bank of Baroda sign $100 million long term loan agreement
The agreement is signed to obtain $100 million for the funding and financial closure of Phase 1 of its electric two-wheeler factory in Hosur, Tamil Nadu.
Banking System Failure: Customers face glitches while using digital services!
A system outage appears when the bank is supposed to make a detailed report to the regulator on how they have fixed the glitches.
Account holders of these 40 banks may face problem in online transactions
SBI, HDFC, ICICI are among those 40 banks whose OTP system may not work properly from April 1, 2021.
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