2017-08-21 :Bank of Baroda to speed up loan processing
Public sector lender, Bank of Baroda (BoB) is planning to set up its two subsidiaries, one for centralised processing of loans including personal loans, home loans and business loans and another for data analytics. The formation of subsidiaries will help the bank to reduce the turnaround time of loan disbursements.
2017-08-19 :Bank of Baroda to focus on retail lending portfolio
Aided by the strong improvements in network expansion, Bank of Baroda (BoB) is planning to strengthen its retail lending portfolio besides maintaining steady growth in the agricultural loans, MSME loans in the current FY18. The bank has further plans to achieve improvements in its home loan segment.
2017-08-18 :BoB waives loan switch over costs from base rate to MCLR
In a bid to maintain its client base, Bank of Baroda (BoB) has waived of loan switch over cost from base rate to MCLR for its selected customers. The bank has notified that the customers can also negotiate with their respective banks to ask for a waiver of the charges on their home loans.
2017-08-17 :Bank of Baroda becomes the most profitable bank in FY17
Bank of Baroda has emerged as the most profitable bank in the country according to the PWC Banking Survey report of 2017. The survey has revealed that the bank has become most profitable on account of strong growth in loans and advances, asset management and prudent management of its resources.
2017-08-17 :BoB to sell Rs. 2,000 crore non-core assets
In a bid to raise its capital, Bank of Baroda (BoB) is planning to sell off its non-core assets of about Rs. 2,000 crore during FY18. The bank also plans to use the insolvency process to file 26 bad accounts in the National Company Law Tribunal (NCLT).
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