New Delhi, June 14 (IANS) There is 80 per cent likelihood of an El Nino event during the June–August period and probabilities for this, to continue until at least November, are near or above 90 per cent, according to a new report. However, the reservoir level is more than normal storage (till June 11) in the country and the arrivals statistics of vegetables are also satisfactory.“Only coming days will tell us whether the supply conditions are sufficient from any incipient shock from food and…
Latest Bank of Baroda News & Updates
Mumbai, June 11 (IANS) India’s top financial banking services providers — State Bank of India (SBI), Bank of India (BoI), and Yes Bank — have sharply raised interest rates on Foreign Currency Non-Resident (Bank) or FCNR(B) deposits following the Reserve Bank of India’s recent measures to attract foreign currency inflows, with lenders now offering Non-Resident Indians (NRIs) returns of up to 6.6 per cent on US dollar deposits.The banks have revised their FCNR(B) deposit rates, a significant inc…
New Delhi, June 5 (IANS) The Central Bureau of Investigation (CBI) arrested Bank of Baroda’s bank manager and a tout in Uttar Pradesh’s Kanpur for demanding a bribe of Rs 25,000 from a loan beneficiary, an official said on Friday. Gaurav Verma, Branch Manager, Bank of Baroda, Nonari Bujurg Branch, District- Kanpur Dehat, and Raghvendra, Bank Mitra, were arrested on Thursday, said a CBI statement.The CBI laid a trap and caught the accused tout red-handed while accepting a bribe of Rs 15,000 on …
New Delhi, June 5 (IANS) The Reserve Bank of India’s (RBI) decision to keep policy repo rate unchanged focuses on preserving financial stability and will keep growth prospects intact in the long term, economists and industry leaders said on Friday.Dr Ranjeet Mehta, CEO and Secretary General, PHDCCI, said the policy decision reflects a balanced view of upside risks facing the economy. While external uncertainties have increased, RBI’s move created a conducive environment to keep medium to long …
New Delhi, May 28 (IANS) Union Education Minister Dharmendra Pradhan on Thursday chaired a high-level review meeting at the Central Board of Secondary Education (CBSE) headquarters in New Delhi to review issues related to the evaluation and post-result processes of Class 12 examinations. During the meeting, the Minister directed officials to take all necessary measures to resolve the issues faced by students in a timely, transparent, and amicable manner, according to a statement from the Ministr…
New Delhi, May 28 (IANS) Student organisation Krantikari Yuva Sangathan (KYS) on Thursday condemned what it described as technical failures and evaluation-related discrepancies in the On-Screen Marking (OSM) evaluation system introduced by the CBSE this year.In a statement issued by KYS Delhi State Committee Member Bhim Kumar, the organisation demanded an independent and transparent investigation into the CBSE’s evaluation crisis.Meanwhile, Union Education Minister Dharmendra Pradhan chaired a h…
New Delhi, May 28 (IANS) Amid the controversy surrounding the CBSE’s On-Screen Marking (OSM) system, Union Education Minister Dharmendra Pradhan on Thursday assured that strict action would be taken if any deliberate negligence or wrongdoing was found in the process. He also criticised the Leader of Opposition in the Lok Sabha, Rahul Gandhi, saying the Congress leader was acting out of frustration following repeated electoral defeats. Speaking to reporters in Delhi, Pradhan said the Central Bo…
New Delhi, May 24 (IANS) Union Education Minister Dharmendra Pradhan on Sunday spoke with the Union Finance Minister Nirmala Sitharaman in view of the payment-related issues being faced by students during the Central Board of Secondary Education (CBSE) post-result and re-evaluation process and both agreed to involve State Bank of India (SBI) and three other Public Sector Banks (PSBs) to weed out glitches. During the discussion, it was decided that four PSBs — SBI, Bank of Baroda, Canara Bank an…
New Delhi, May 24 (IANS) In response to widespread technical and payment-related issues faced by students during the CBSE post-result and re-evaluation process, Union Education Minister Dharmendra Pradhan on Sunday held discussions with Union Finance and Corporate Affairs Minister Nirmala Sitharaman to address the concerns and improve the system.Following the meeting, it was decided that four major public sector banks — State Bank of India, Bank of Baroda, Canara Bank and Indian Bank — will ex…
Ahmedabad, May 23 (IANS) An employee working as a joint custodian at an RBI currency chest housed inside the Bank of Baroda branch in Ahmedabad’s Kalupur area has been arrested for allegedly embezzling Rs 8.70 crore over more than four months, with police recovering Rs 2.20 crore in cash concealed inside a parked car, officials said. The accused, identified as Harshsiddh Kadiyara (42), a resident of Chandkheda area in Ahmedabad, was arrested by the Local Crime Branch (LCB) Zone-3 from Everest En…