Mumbai, July 27 (IANS) State-owned Bank of Baroda on Monday said its core banking systems remain fully secure despite reports of a major data leak, adding that it has initiated a detailed forensic investigation into the incident.In a statement posted on social media platform X, the bank said the breach occurred after the email account of one of its employees was compromised, resulting in unauthorised access to certain data.“The bank has robust information security protocols in place. The incid…
Latest Bank of Baroda News & Updates
Mumbai, July 24 (IANS) State-owned Bank of Baroda on Friday reported a sharp 71.9 per cent decline in its net profit for the April-June quarter (Q1 FY27), as a substantial one-time loss of Rs 5,680 crore weighed heavily on its bottom line despite healthy growth in net interest income and interest earnings.The public sector lender posted a net profit of Rs 1,278 crore for the quarter ended June, compared with Rs 4,541 crore in the corresponding quarter of the previous financial year (Q1 FY26), ac…
Jaipur, July 21 (IANS) In a major initiative to strengthen Rajasthan’s cybersecurity framework and safeguard public funds, a special cyber coordination meeting of the State Level Bankers’ Committee (SLBC) was held at the Government Secretariat on Tuesday. Chief Secretary V. Srinivas, Director General of Police (DGP) Rajiv Kumar Sharma, senior officials of the Rajasthan Police, and representatives of major banks participated in the meeting to formulate a concrete and result-oriented strategy …
Lucknow, July 15 (IANS) The Central Bureau of Investigation (CBI) has arrested the Branch Manager and Credit Officer of Bank of Baroda’s Koireepur branch in Uttar Pradesh’s Sultanpur district for allegedly demanding and accepting a bribe from a loan beneficiary, an official statement said on Wednesday.The arrested officials have been identified as Swarnim Srivastava, Branch Manager, and Pushpak Chaudhary, Credit Officer, both posted at the Bank of Baroda’s Koireepur branch.According to the CBI, …
New Delhi, July 13 (IANS) Economists on Monday said India’s headline CPI inflation at 4.38 per cent for June is in line with their forecast, adding that over the next two quarters, inflation is likely to remain range bound at 4-4.5 per cent, with food as the key swing factor amid uneven monsoon progress and El Nino-linked rainfall variability.The commodities that posted the highest inflation during the month were silver jewellery which saw a 133.21 per cent jump in prices and gold jewellery whic…
New Delhi, July 8 (IANS): The Enforcement Directorate (ED) conducted search operations on Tuesday at the premises of M/s E-Complex Private Limited and the residential premises of one of its directors, which resulted in the detection and seizure of evidence pertaining to suspicious transactions and assets beneficially owned or controlled by Reliance Anil Ambani Group, according to an official statement issued on Wednesday. During the search operations, several incriminating documents, records rel…
New Delhi, June 30 (IANS) Former Uttar Pradesh Chief Minister and Bahujan Samaj Party (BSP) chief, Mayawati, on Tuesday reacted to reports of alleged irregularities involving offerings at the Shri Ram Temple in Ayodhya, calling the matter “extremely serious and concerning” while urging a transparent and accountable system for managing temple donations.In a post on X, Mayawati said, “The theft of offerings from the Shri Ram Temple in Ayodhya, along with embezzlement and tampering, and the var…
New Delhi, June 30 (IANS) The investigation into the embezzlement of Ram Temple donations has entered a critical financial audit phase, with Ayodhya Police seeking five years of banking records from the seven banks where the eight arrested accused and the Shri Ram Janmbhoomi Teerth Kshetra Trust maintain accounts.Police sources said investigators have sought detailed account statements, transaction histories, KYC documents, deposit records and other banking details to reconstruct the financial t…
New Delhi, June 29 (IANS) Public sector banks on Monday presented dividend cheques worth more than Rs 9,400 crore to Union Finance Minister Nirmala Sitharaman for the financial year 2025-26.Among the lenders, Bank of Baroda handed over a dividend cheque of Rs 2,811 crore to the Finance Minister for the financial year ended March 31, 2026. The cheque was presented by the bank’s Managing Director and Chief Executive Officer, Dr. Debadatta Chand, in the presence of Department of Financial Service…
Ayodhya, June 29 (IANS) The eight accused arrested in connection with the Ram Temple donation embezzlement probe will be produced before an Ayodhya court via video conferencing on Monday, while police said that it will not seek their custody for now, but in the coming days, after investigators prepare a detailed list of questions for interrogation. Police have also issued notices to around six banks, including State Bank of India (SBI), Bank of Baroda, and Canara Bank, seeking details of the ban…