Bank of Baroda

Government used small savings funds to procure Boeing 777 aircraft for VIPs

Updated: March 20, 2018 22:47 IST<p>An Air India Boeing 777 sits on the tarmac at an airshow in Hyderabad. File | Photo Credit: AFP<p>MUMBAI, March 20, …


Company involved in Gupta VAT payout previously involved in Moyane nephew scandal

Johannesburg – The company that received the Guptas' SARS VAT payout is closely connected to a company whose R2.2bn contract with SARS was cancelled …


Uganda:Bank of India Could Exit Ugandan Market

[East African] Bank of India Uganda Ltd is contemplating exiting Uganda as its headquarters in India shifts focus to Asian and European markets.


Gupta Properties Seized, Brothers Summoned By Indian Tax Officials - Reports

Indian revenue authorities have reportedly attached numerous properties owned by the Gupta brothers Atul, Ajay and Rajesh, as South African law …


No place to hide for the #Guptas

Johannesburg - The Guptas are increasingly running out of places to hide and means to fly away from accounting for state capture as the government, …

South Africa

Sebi exempts government from making public offers in six PSBs

Mumbai, March 20 (IANS) Securities market regulator Sebi has "exempted" the central government from making open offers for its proposed acquisitions …


Canada’s export bank welcomes order that Guptas return jet to Lanseria

During court proceedings on Friday the Canadian export bank painted a lurid picture to the court last week of the Gupta empire crumbling in SA as …

Business (South Africa)

Axis Bank targets higher remittances share as it opens Sharjah office

Axis Bank is targeting an increased share of the $12 billion annual remittance market between the UAE and India, as the South Asian country’s …

Axis Bank

Rai alleges communication breakdown between Banks Board Bureau and govt

Rai said the BBB was not aware of progress made on reforms as "there has been no further engagement with the government"

Business (India)

Seven reasons why supervision of public sector banks is impossible

For years, Public Sector Banks (PSB) have played that friendly neighbourhood bank role. People have trusted banks like Punjab National Bank, State …

Punjab National Bank

Optimum Coal business rescue court battle looms

Johannesburg – An urgent application will be heard on Tuesday in the North Gauteng High Court to have the business rescue practitioners for the …

Business (South Africa)

41 out of 159 foreign branches of state-owned banks are running in losses

Nearly 25 per cent of the overseas branches of the public sector banks (PSBs) suffered losses in 2016-17, the government informed Parliament .<p>"As per …


Lo-UNable: Rajasthan defaulters in race of ‘default derby’

The central government is considering barring some wilful loan defaulters from leaving the country, as reported in media on Thursday. According to …


UPI explained: How it works, how to send and receive money, and more

With WhatsApp embracing UPI-based payments feature, there has been a lot of buzz around the digital payment platform. Unified Payments Interface has …

Digital Currency

PNB asks for info from peer banks, no condition yet on LOUs payout: Report

Punjab National Bank has asked for certain information from peer banks but no condition has been set for payouts related to LoUs in the Rs 12,968 …

Nirav Modi

Supreme Court calls for meeting between Amrapali and home buyers on 17 March

The meeting will be held at the Supreme Court consultation room and, thereafter, a joint statement on the developments of the meeting would be filed …

Real Estate | Confusion over two court orders freezing Gupta mine assets

Two separate court orders which were granted to preserve nearly R1.7bn in the Gupta-linked Optimum and Koornfontein mines' rehabilitation trusts, has …

Business (South Africa)

Indian shares subdued; banks down, fertilisers gain

© Reuters. Indian shares subdued; banks down, fertilisers gain<p>* NSE index down 0.31 pct, BSE index down 0.29 pct<p>* PSU banks slip, fertilisers climb<p>* …

Punjab National Bank

BRIEF-N R Agarwal Industries Says Bank Of Baroda Reduced Interest Rate On Term Loan, Cash Credit Granted To Co To 11.05 Pct P.A

<i>0</i><p>Recent Alerts<p>Sign up to create alerts for Instruments, Economic Events and content by followed authors<p>Free Sign Up<p>Already have an account? Sign …

Stock Markets

State Bank Of India (SBI) Home Loan Interest Rates For Women, Eligibility, Documents Required

Under regular State Bank of India (SBI) home loans, interest rates for women are slightly lower than that for others.<p>State Bank of India (SBI), …

State Bank of India

Sensex, Nifty slip as metal, auto stocks decline

The benchmark BSE Sensex closed marginally down by 21 points at 33,835.74 after a choppy trade due to selling in oil and gas, auto and metal stocks …

Stock Markets

Court allows Bank of Baroda to leave S Africa over Gupta links

By Fakir HassenJohannesburg, Mar 13 (PTI) A top South African court has allowed Bank of Baroda to close its operations in the country next month, …

South Africa

Gupta staff's salaries in limbo if Bank of Baroda quits SA

Pretoria - A high court decision that paved the way for India’s Bank of Baroda to close its operations in South Africa has left the Gupta employees …

South Africa

Trustees of mine rehabilitation funds accused of ‘fraud’ and ‘theft’

Nearly R2bn earmarked for rehabilitation of collieries owned by the Gupta family’s Tegeta are to be transferred from Bank of Baroda to Nedbank<p>13 …

Business (South Africa)

QMumbai: Top Builder’s Loan Default; Sion Flyover Shut From April

1. Top Builder’s Loan Default: Judge’s Clever Idea to Seal Over 100 Flats<p>A weary legal process against loan defaulters that often takes weeks was …


Bank of Baroda can close, High Court rules, in blow to Gupta companies

Judge Ntendeya Mavundla says the bank’s right to trade or not trade supersedes the rights of the companies<p>12 March 2018 - 10:52 Genevieve Quintal<p>Bank …

Business (South Africa)

Gupta-linked companies application against Baroda dismissed with costs

The urgent application by 20 Gupta-linked companies to prevent the Bank of Baroda of cutting its ties with them has been dismissed with costs.<p>Judge …


Bank of Baroda free to leave SA as Gupta-linked companies lose court bid

The Bank of Baroda has “every right” to terminate business contracts‚ including those of 20 Gupta-linked companies.

South Africa

Court to rule if exiting Baroda can be forced to bank Gupta-linked companies

The North Gauteng High Court is on Monday expected to deliver its judgement on the matter in which 19 Gupta-inked companies want it to compel the …

South Africa

Gupta-linked companies fail to force Bank of Baroda to stay in SA

Judge Ntendeya Mavundla didn't mince his words while quickly dismissing the application to force the Bank of Baroda to continue operating in the …

South Africa