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<ul><li><keyword id="6358007" type="General" weightage="20" keywordseo="Bank-of-Baroda" source="Orion">Bank of Baroda</keyword> is hiring 52 IT professionals to work from Mumbai and Hyderabad offices.</li><li>The last date to apply for the opportunity is December 28.</li><li>Candidates who are willing to serve anywhere in the country can only apply for the recruitment.</li></ul>State-owned Bank of Baroda has opened up at least 42 positions for information technology (IT) professionals to work from its Mumbai and Hyderabad offices for a period of three years. The last date to apply for the opportunity is December 28. Candidates who are willing to serve anywhere in the country can only apply for the recruitment. Interested candidates can apply online <a href="https://www.bankofbaroda.in/career/current-opportunities/recruitment-of-it-officers-professionals">here</a>. These are some of the vacancies in the Bank of Baroda: <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Post </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of vacancies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Age criteria </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Eligibility criteria </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Quality Assurance Lead </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Min age — 28 Max age — 40 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum 6 years of experience out of which at least 3 years’ experience in product/project management. bachelor in engineering (B.E)/bachelor in technology(B.Tech) in computer science/IT </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Quality Assurance Engineers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">For MMG Scale III Min age — 25 Max age — 35 For JMG Scale I Min age — 23 Max age — 30 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">B.E./B.Tech. in computer science or IT For MMG Minimum 3 years of experience in software testing for Scale II For JMG Minimum 1 years of experience in software testing for Scale I </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Developer (Full Stack Java) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">For MMG Scale III Min age — 28 Max age — 40 For MMG Scale II Min age — 25 Max age — 35 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">B.E./B.Tech. in computer science or IT For MMG scale III Minimum 6 years of experience in software development for Scale III For MMG scale II Minimum 3 years of experience in software development for Scale II </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Developer (Mobile Application Development) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">For MMG Scale III Min age — 28 Max age — 40 For MMG Scale II Min age — 25 Max age — 35 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">B.E./B.Tech. in computer science or IT For MMG scale III Minimum 6 years of experience in software development for Scale III For MMG scale II Minimum 3 years of experience in software development for Scale II </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UI/UX Designer </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">For MMG Scale III Min age — 28 Max age — 40 For MMG Scale II Min age — 25 Max age — 35 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">B.E./B.Tech. in computer science or IT For MMG scale III Minimum 6 years of experience in UI/UX designer roles for Scale III For MMG scale II Minimum 03 years of experience in UI/UX designer roles for scale II </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cloud Engineer </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Min age — 32 Max age — 45 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">B.E./B.Tech. in computer science or IT. Minimum 10 years of technical and IT experience out of which at least 5 years’ experience in the field of cloud computing </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Application Architect </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Min age — 32 Max age — 45 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">B.E./B.Tech. in computer science or IT. Minimum 10 years of Technical and IT experience out of which at least 5 years’ experience as application architect. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Enterprise Architect </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Min age — 32 Max age — 45 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">B.E./B.Tech. in computer science or IT. Minimum 10 years of Technical and IT experience out of which at least 5 years’ experience in architecting, designing and managing banking platforms. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Technology Architect </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Min age — 32 Max age — 45 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">B.E./B.Tech. in computer science or IT. Minimum 10 years of technical and IT experience out of which at least 5 years’ experience in architecting, designing and managing banking platforms </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Infrastructure Architect </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Min age — 32 Max age — 45 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">B.E./B.Tech. in computer science or IT. Minimum 10 years of technical and IT experience out of which at least 5 years’ experience in designing and building large IT infrastructure projects </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Integration Expert </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Min age — 32 Max age — 45 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">B.E./B.Tech. in computer science or IT. Minimum 10 years of technical and IT experience out of which at least 5 years’ experience in the integration process of banking platforms. </td></tr></tbody><tbody></tbody></table> Selection procedure The selection procedure consists of three steps — online test, group discussion and personal interview. The test will contain questions from these sections — reasoning (25 questions), English language (25 questions), quantitative aptitude (25 questions), and professional knowledge (75 questions). Candidates belonging to general/other backward class (OBC) category will have to pay an application fee of ₹600. However, candidates belonging to scheduled castes(SC)/scheduled tribe (ST)/Persons with Disability (PWD) will have to pay an application fee of ₹100. Interested candidates can seek more information <a href="https://www.bankofbaroda.in/-/media/Project/BOB/CountryWebsites/India/Career/advertisement-it-professionals-final-07-24.pdf">here</a>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/pegasus-google-reveals-how-the-sophisticated-spyware-hacked-into-iphones-without-users-knowledge/articleshow/88383175.cms">Pegasus: Google reveals how the sophisticated spyware hacked into iPhones without user’s knowledge</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/shares-of-shriram-properties-disappoints-ipo-investors/articleshow/88383115.cms">Shriram Properties lists 20% below IPO price amid a market-wide meltdown</a>

Bank of Baroda is looking for at least 52 engineers in Mumbai and Hyderabad to improve the app, user experience and quality

New Delhi, Apr 24 () <keyword id="6358007" type="COMPANY" weightage="20" keywordseo="bank-of-baroda">Bank of Baroda</keyword> on Friday said its board has approved raising up to Rs 13,500 crore by 2020-21. "Board of Directors of our <keyword id="6355272" type="UNKNOWN" weightage="20" keywordseo="bank">Bank</keyword> in its meeting held today i.e. 24 April 2020...considered and approved raising of additional capital fund up to Rs 13,500 crore up to March 31, 2021 and beyond if found expedient," it said in a regulatory filing. The capital raise will comprise Rs 9,000 crore by way of common equity capital by various modes including QIP, etc in suitable stages and Rs 4,500 crore by way of additional tier I and tier II capital instruments with an inter-changeability option, issued in India/overseas in suitable tranches, it added. This will be subject to applicable statutory 1 regulatory approvals, the state-owned bank said. Bank of Baroda stock closed 4.23 per cent down at Rs 46.40 on See Also - <a class="in-cell-link" href="https://www.businessinsider.in/finance/news/how-to-check-account-balance-in-bank-of-baroda/articleshow/74119351.cms" target="_blank">How to check account balance of bank of baroda</a>

Bank of Baroda to raise up to Rs 13,500 cr

New Delhi, Jun 20 () State-owned Bank of Baroda has closed its fully-owned subsidiary in Ghana and the license has been surrendered to the regulator there. In December 2018, the bank had informed about sale of business (closure of overseas subsidiary) in Ghana. "We further advise in the matter that Bank of Baroda (Ghana) Ltd has surrendered its banking license to the host country regulator at Ghana viz. Bank of Ghana and the Registrar of the Company, Ghana vide letter dated 11th June 2020, has informed that...the name of Bank of Baroda (Ghana) Ltd has been struck off from the register of companies and the said company is dissolved," Bank of Baroda said in a regulatory filing on Saturday. Moreover, notice has been submitted to the Ghana Publishing Corporation for publishing the same in the next Gazette, it said. The closure of overseas bank branches is part of government's plan to rationalise and streamline operations under the reforms agenda for the banking sector approved in 2017 under the then finance minister Arun Jaitley. Under the PSB Manthan programme, the aim is to rationalise overseas operations for cost efficiencies and synergies in foreign markets, based on competitive strength and viability. It also adopts to a differentiated banking strategy to leverage bank's competitive advantage, which may include branch network rationalisation for a strong regional connect. KPM BAL BAL

Bank of Baroda closes subsidiary in Ghana

<a href="http://www.businessinsider.in/searchresult.cms?query=P+S+Jayakumar">P S Jayakumar</a> is set to take over the position of MD and CEO of state-owned <a href="http://www.businessinsider.in/searchresult.cms?query=Bank+of+Baroda">Bank of Baroda</a> for three years. <a href="http://www.businessinsider.in/searchresult.cms?query=P+S+Jayakumar">Jayakumar</a>, 53 has taken over when the bank is under the scanner for an alleged black money transactions worth over Rs. 6,000 Crores. 
 
"<a href="http://www.businessinsider.in/searchresult.cms?query=Bank+of+Baroda">Bank of Baroda</a> has said <a href="http://www.businessinsider.in/searchresult.cms?query=P+S+Jayakumar">P S Jayakumar</a> has assumed the charge of the office of Managing Director and CEO, <a href="http://www.businessinsider.in/searchresult.cms?query=Bank+of+Baroda">Bank of Baroda</a>, on October 13, 2015," the company said in a BSE filing. 
 
It has been alleged that a hefty Rs. 6172 Crores was transferred from <a href="http://www.businessinsider.in/searchresult.cms?query=Bank+of+Baroda">Bank of Baroda</a> to Hong Kong and posed as payments for non-existent imports like cashew, pulses and rice. The bank's Executive director B B Joshi clarified yesterday that the amount was ‘exaggerated’. According to him the actual amount was only half of the said amount. 
 
Image credit: Indiatimes

P S
Jayakumar is the new MD and CEO of Bank of Baroda

<keyword id="6354335" type="CITY" weightage="100" keywordseo="reserve-bank-of-india">Reserve Bank of India</keyword>, India’s central banking authority, has imposed a penalty of Rs 5 crore on <a href="http://www.businessinsider.in/PSU-banks-in-trouble-Nine-banks-report-net-losses-of-Rs-14000-crore-so-far/articleshow/52328957.cms">state-run </a><keyword id="6358007" type="CITY" weightage="100" keywordseo="Bank-of-Baroda">Bank of Baroda</keyword>, because of last year’s alleged Rs 6000 crore forex related irregularities. 
 
"Pursuant to the internal audit of the <a href="http://www.businessinsider.in/Bank-of-Barodas-Q3-result-posts-highest-ever-net-loss-at-Rs-3342-crore/articleshow/50974096.cms">Bank of Baroda</a>, the Reserve Bank of India and investigative agencies in October 2015 were advised by the Bank of certain irregularities observed," the bank stated. 
 
Also read: <a href="http://www.businessinsider.in/Govt-infuses-Rs-22915-crore-capital-in-public-sector-banks/articleshow/53282345.cms">Govt infuses Rs 22,915 crore capital in public sector banks</a> 
 It was in October last year that the <keyword id="30067" type="ORGANIZATION" weightage="100" keywordseo="RBI">RBI</keyword> had carried out an inspection after Bank of Baroda's New Delhi-based Ashok Vihar branch effected Rs 6,100 crore import remittances to Hong Kong, a case that attracted both CBI and the Enforcement Directorate. 
 
As per these investigators, the amount was probably transferred as payments for imports, which never actually happened. 
 
The RBI investigation has now found out several deficiencies and failures in BoB’s internal control mechanisms as far as anti-money laundering provisions are considered. 
 
"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. 
 
<a href="https://qzprod.files.wordpress.com/2015/10/bob.jpg?quality=80&amp;strip=all&amp;w=1600">Image source</a>

RBI imposes Rs 5 crore penalty on Bank of Baroda for Forex irregularities

Shares of <keyword id="6358007" type="DOMAIN" weightage="20" keywordseo="bank-of-baroda">Bank of Baroda</keyword> jumped 9 per cent on Wednesday after the company reported a profit-after-tax of Rs 507 crore in the March 2020 quarter. The stock zoomed 9 per cent to Rs 55 on the BSE. On the NSE, it surged 8.51 per cent to Rs 54.80. State-owned Bank of Baroda on Tuesday reported a profit-after-tax of Rs 507 crore in the March quarter, helped by lower provisioning for bad loans. Effective April 1, 2019, the bank amalgamated <keyword id="6359442" type="COMPANY" weightage="20" keywordseo="dena-bank">Dena Bank</keyword> and Vijaya Bank with it. The numbers for the quarter/year ended March 31, 2020 are not comparable with that of same period of the year ended March 31, 2019. Bank of Baroda had reported a net loss of Rs 8,875 crore in the same period last year. The provisions for non-performing loans declined by 69.23 per cent to Rs 3,190 crore as against Rs 10,368 crore in the same quarter of last year. For the full year, the bank reported a net profit of Rs 546 crore as against a net loss of Rs 8,340 crore during FY19. SEE ALSO: <a href="https://www.businessinsider.in/science/space/news/the-success-of-nasas-mars-helicopter-exploring-martian-skies-depends-on-the-final-five-inches/articleshow/76542852.cms" data-type="tilCustomLink">The success of NASA’s Mars helicopter exploring Martian skies depends on the final five inches</a> <a href="https://www.businessinsider.in/india/news/the-mysterious-death-of-a-bengaluru-bureaucrat-accused-in-a-4000-crore-ponzi-scheme/articleshow/76541918.cms" data-type="tilCustomLink">The mysterious death of a Bengaluru bureaucrat accused in a ₹4,000 crore ponzi scheme</a>

Bank of Baroda shares rally over 9% post Q4 earnings

New Delhi, Nov 28 () <keyword id="702805" type="ORGANIZATION" weightage="20" keywordseo="Edelweiss-Housing-Finance">Edelweiss Housing Finance</keyword> Ltd (<keyword id="784798" type="ORGANIZATION" weightage="20" keywordseo="EHFL">EHFL</keyword>) and <keyword id="6358007" type="COMPANY" weightage="20" keywordseo="bank-of-baroda">Bank of Baroda</keyword> have tied up for co-lending of home loans to self-employed and salaried persons. EHFL, a subsidiary of Edelweiss Financial Services Ltd, has entered into a strategic agreement with Bank of Baroda (BoB) for co-lending of home loans to self-employed and salaried customers, a statement said on Thursday. Under the pact, EHFL and BoB will share risks and rewards in creating a conducive lending ecosystem for home loan seekers, the statement added.
 For Edelweiss, co-lending represents an alternative model of disbursals that is asset light and creates a sound revenue model for sustainable business.
 For self-employed and salaried customers, co-lending provides benefits of dealing with a single entity for their financing and convenient access to a blended cost-effective rate of interest.
 Bank of Baroda Executive Director Vikramaditya Singh Khichi said the pact is in line with the bank's objective to increase its reach to maximum number of prospective borrowers.
 "Easy availability of home loans will lead to higher demand in the real estate sector, which is a key driver of economic growth because of the jobs it creates and the industries and small-scale businesses it sustains," said EHFL Chief Executive Officer Rajat Avasthi. KPM HRS

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Bank of Baroda is looking for at least 52 engineers in Mumbai and Hyderabad to improve the app, user experience and quality

Vaamanaa Sethi

Bank of Baroda to raise up to Rs 13,500 cr

PTI

Bank of Baroda closes subsidiary in Ghana

PTI

P S Jayakumar is the new MD and CEO of Bank of Baroda

BI India Bureau

RBI imposes Rs 5 crore penalty on Bank of Baroda for Forex irregularities

BI India Bureau

Bank of Baroda shares rally over 9% post Q4 earnings

PTI

EHFL and Bank of Baroda have tied up for co-lending of home loans

PTI

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