New Delhi, Jan 27 (IANS) Public sector banking operations are likely to be disrupted on Tuesday as bank employee unions called for a nationwide strike, demanding a five-day work week. Private banks, however, will not be affected by the day-long strike.Several public sector banks have already informed stock exchanges about the possible impact of the strike.The United Forum of Bank Unions (UFBU) went ahead with its nationwide strike. The UFBU is a joint platform of nine unions representing officer…
Latest Bank of Baroda News & Updates
New Delhi, Jan 26 (IANS) Banking operations at public sector banks across the country are likely to be disrupted on Tuesday as the United Forum of Bank Unions (UFBU) goes ahead with its nationwide strike demanding a five-day work week.The decision to strike was taken after a conciliation meeting with the Chief Labour Commissioner on January 23 failed to resolve the issue.The UFBU is a joint platform of nine unions representing officers and employees of public sector banks.The timing of the strik…
New Delhi, Jan 25 (IANS) India’s combined tax-to-GDP ratio has reached 19.6 per cent, placing the country at par with several major global economies and highlighting steady progress in tax collection efficiency, according to a report by Bank of Baroda. The ratio includes both central and state tax collections and is higher than that of several emerging markets such as Hong Kong, Malaysia and Indonesia.The report noted that while India’s central gross tax revenue stands lower at 11.7 per cent…
New Delhi, Jan 24 (IANS) Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Saturday that current times are opportune for inspired and aspirational young people to join the workforce as India is being recognised as a stable growth engine with improving fundamentals.In a social media post on X, the minister noted Prime Minister Narendra Modi has handed over appointment letters to more than 11 lakh qualified candidates nationwide through Rozgar Melas, and that 61,000 letters w…
New Delhi, Jan 24 (IANS) Investors are likely to remain on edge over the proposed US framework on Greenland, and near-term volatility related to this issue can continue, a report has said.The report from Bank of Baroda said that market participants are awaiting more details that could determine whether negotiations succeed or unravel.”Going ahead, investors are likely to await more details of the deal, as there are a few sticking points which can derail the negotiations. Hence, some volatility c…
New Delhi, Jan 8 (IANS) In a significant move to restore the Proceeds of Crime (POC) to rightful claimants, the ED restituted property valued at Rs 3.50 crore to victims of the offence of money laundering linked to a “software import” fraud, an official said on Thursday.The Directorate of Enforcement (ED), Delhi Zonal Office, initiated an investigation in the case of Kamal Kalra on the basis of an FIR filed by Bank of Baroda against 59 current account holders of firms/companies and other unknown…
New Delhi, Jan 7 (IANS) Economists on Wednesday lauded the government’s first advance estimates of real GDP at 7.4 per cent in FY 2025-26, saying a potential bilateral trade deal with the US will further boost investment and remains a key monitorable.The Indian economy remains resilient on the back of the festive demand and steady improvement in economic activity. Strong festive sales along with GST rationalisation 2.0 and income tax cuts are expected to boost the consumption sector, economists …
New Delhi, Jan 6 (IANS) The ongoing geopolitical tension between the United States and Venezuela does not pose any immediate risk to India and that the country’s oil import bill is unlikely to rise under present conditions, a report said on Tuesday.The report from Bank of Baroda said the import bill will remain unchanged as “global crude supplies are likely in a glut mode”, and Venezuela’s share of global production is marginal at about 1 per cent.The bank maintained that Venezuela’s prove…
New Delhi, Jan 3 (IANS) In clear signs of a pick-up in investment intentions in the country, the momentum strengthened in the first nine months of FY26, with Rs 26.62 lakh crore worth of new investment announcements, significantly higher than Rs 23.88 lakh crore in the same period last year, according to a new report.This is on the back of a very positive policy package of the government which has focussed on capex, lowering of income tax rates and GST 2.0.Infrastructure-led sectors dominated in…
Amaravati, Jan 2 (IANS) Andhra Pradesh has firmly established itself as India’s leading investment destination, capturing a remarkable 25.3 per cent of all proposed investments in the first nine months of the financial year 2025-26, according to a report by Bank of Baroda. The state now stands well ahead of peers such as Odisha (13.1 per cent) and Maharashtra (12.8 per cent), signalling a decisive shift in India’s industrial and investment momentum toward the eastern and southern corridors.T…