State-owned Bank of Baroda announced the appointment of Lal Singh as Executive Director on the company’s Board, with effect from October 9, 2023. According to the company’s exchange filing, “In exercise of powers conferred by the proviso to clause (a) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings)…
NBFC company IIFL Finance stated that it has raised $175 million through external commercial borrowing (ECB) route in the month of June 2023. The retail focused NBFC has raised $75 million from HSBC, $50 million from Union Bank (Sydney) and $50 million from Bank of Baroda (IFSC unit). The funds were raised at SOFR plus…
Bank of Baroda Limited announced the appointment of Debadatta Chand as Managing Director and Chief Executive Officer of the bank, with effect from July 1, 2023. According to the company’s exchange filing, “In exercise of powers conferred by the proviso to clause (a) of sub-section (3) of section 9 of the Banking Companies (Acquisition and…
Bank of Baroda, one of India’s leading public sector banks, announced the appointment of Lalit Tyagi as Executive Director on the company’s Board, with effect from November 21, 2022. According to the company’s exchange filing, “In exercise of powers conferred by the proviso to clause (a) of sub-section (3) of section 9 of the Banking…
Bank of Baroda announced the appointment of Sridhar Srinivasan as Shareholder Director of the Bank for a period of three years, effective December 12, 2021. Srinivasan Sridhar, aged 61 years of Mumbai (Maharashtra) is B.Com.(Hons.) and Chartered Accountant having over 33 years of work experience and special knowledge in the fields of Banking, Economics, Finance,…
U GRO Capital, a BSE listed, technology enabled small business NBFC, announced the launch of a co-lending partnership for micro, small and medium enterprises (MSME) with Bank of Baroda, one of the largest banks in India. Termed as ‘Pratham’, the loan disbursements have commenced on the occasion of Bank of Baroda’s 114th Foundation Day. The…
Ola Electric and Bank of Baroda have signed a long-term debt financing agreement in Indian EV industry. This 10-year debt of US$100 million is towards the funding and financial closure of the Phase 1 of the Ola Futurefactory, Ola’s global manufacturing hub for its electric two-wheelers. Ola had earlier announced last December that it will…
Bank of Baroda (BoB) has launched an ‘Employee Assistance Programme’ that is aimed to help it’s employees deal with their personal and professional issues by providing them psychological counselling and consulting. The well-being programme is introduced in association with Employee Assistance Program (EAP) India Pvt Ltd., for the welfare of the employees and their family…