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Bank of Baroda assures “robust information security protocols in place” | Photo Credit: Reuters Public sector lender Bank of Baroda (BoB) has initiated a forensic investigation into breach of critical data that has reportedly leaked one TB (terrabyte) worth of data. “A comprehensive forensic investigation has been initiated, and the bank is working closely with…
The story so far: Bank of Baroda, the second largest Public Sector Bank on Thursday (July 2, 20260 informed stock exchanges that it had paid $600 million (about ₹5,700 crore) to settle litigation initiated by the administrators of NMC Health Plc, NMC Healthcare Ltd and NMC Holding Ltd. This ends one of the largest cross-border…
State-run Bank of Baroda on Friday reported a 4.39 per cent increase in consolidated net profit for the December quarter at Rs 5,443 crore, helped by lower provisions as net interest margin compression held back core income growth. On a standalone basis, its net profit grew to Rs 5,055 crore as against Rs 4,837 crore…
Read More “Bank Of Baroda Q3 Profit Rises 4.39%; Lowers FY26 Credit Costs On Strong Asset Quality” »
Bank of Baroda witnessed an improvement in its asset quality. File | Photo Credit: Reuters Bank of Baroda reported that its first-quarter standalone net profit grew 9.5% to ₹4,458 crore over the year-ago period, driven by lower credit cost. The bank’s Net Interest Income (NII) grew 5% year-on-year (YoY) to ₹11,600 crore, the bank said…
Read More “Bank of Baroda Q1 net profit grows 9.5% to ₹4,458 crore” »
“Bank of Baroda will be allowed to onboard customers to its Bob World app only after rectifying certain deficiencies,” the RBI said on October 10, without giving any details about the issues. | Photo Credit: Reuters Shares of Bank of Baroda fell nearly 4% on October 11, a day after the Reserve Bank of India…
Read More “Bank of Baroda falls after RBI ban on adding new app customers” »