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Announces Q1 Results (Standalone), Limited Review Report (Standalone) & Results Press Release for the Quarter ended June 30, 2016

 Bank of Baroda has announced the following results for the quarter ended June 30, 2016The Unaudited Standalone results for the Quarter ended June 30, 2016 The Bank has posted a net profit of Rs. 4236.20 million for the quarter ended June 30, 2016 as compared to Rs. 10521.50 million for the quarter ended June 30, 2015. Total Income has decreased from Rs. 122437.20 million for the quarter ended June 30, 2015 to Rs. 118779.10 million for the quarter ended June 30, 2016.
11-08-2016
Bigul

Appointment of Executive Director

 Bank of Baroda has informed BSE regarding "Appointment of Executive Director".
10-08-2016
Bigul

Schedule of Analysts' Meet / Presentation and Media Meet

 Bank of Baroda has informed BSE regarding "Schedule of Analysts' Meet / Presentation and Media Meet".
09-08-2016
Bigul

Buy Bank of Baroda, target Rs 229.0 : Systematix Shares & Stock

 Buy Bank of Baroda at a price target of Rs 229.0 and a stop loss at Rs 128.0 from entry point
09-08-2016
Bigul

Q1 results on August 11, 2016

 Bank of Baroda has informed BSE that a meeting of Board of Directors of the Bank will be held on August 11, 2016, inter alia:- To consider 6t approve the Un-audited (Reviewed) Standalone Financial Results of the Bank together with relevant segment reporting, for the quarter / three months ended June 30, 2016 (Q1).Further, the Trading window will remain closed for all the Directors, Designated Persons and Insiders pursuant to the...
02-08-2016
Bigul

Sell Bank of Baroda, target Rs 132.0 : IIFL

 Sell Bank of Baroda at a price target of Rs 132 and a stop loss at Rs 153
02-08-2016
Bigul

Appointment of Part-Time Non-Official Director

 Bank of Baroda has informed BSE regarding "Appointment of Part-Time Non-Official Director under Chartered Accoutant Category".
26-07-2016
Bigul

Prime space to settle loan for Bank of Baroda

 The unconventional transaction, which has raised eyebrows in banking circles, will help the bank avoid tagging the Rs 90crore unrecovered loan as a non-performing loan.
25-07-2016
Bigul

RBI imposes Rs 5 crore penalty on Bank of Baroda

 MUMBAI: The Reserve Bank of India has imposed a penalty of Rs 5 crore on Bank of Baroda in the alleged Rs 6000 crore forex related irregularities that came to light in October last year. "Pursuant to the internal audit of the Bank of Baroda, the Reserve Bank of India and investigative agencies in October 2015 were advised by the Bank of certain irregularities observed," the bank informed the exchanges. The RBI carried out an inspection after Rs 6,100 crore import remittances were effected by Bank of Baroda's Ashok Vihar branch in New Delhi. Both CBI and the Enforcement Directorate are probing the huge remittances to Hong Kong from the bank. The amount was allegedly transferred in the garb of payments for imports that never took place, investigators suspect. Now the RBI investigation has noted deficiencies and failures in internal control mechanisms in respect of certain anti-money laundering provisions by the state-run lender. These deficiencies relate to monitoring of transactions, timely reporting of suspicious dealings to the Financial Intelligence unit and assigning of Unique Customer Identification Code to its clients. "The Bank has implemented a comprehensive corrective action plan, to strengthen internal controls and to ensure that such incidents do not recur," Bank of Baroda added in its statement.
25-07-2016
Bigul

Updates

 Bank of Baroda has informed BSE that pursuant power conferred under Banking Regulation Act, 1949, the Reserve Bank of India has imposed a penalty of INR 50 million (Rupees Fifty Million Only) on Bank of Baroda.Pursuant to the internal audit of the Bank of Baroda, the Reserve Bank of India and investigative agencies in October 2015 were advised by the Bank of certain irregularities observed....
25-07-2016
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