Indian Renewable Energy Development Agency Ltd. (IREDA) has entered into Memorandums of Understanding (MoUs) with Union Bank of India (UBI) and Bank of Baroda (BoB) on September 5, 2023. These partnerships aim to facilitate co-lending and loan syndication for a broad array of renewable energy projects. The MoUs intend to enhance renewable energy financing and […]
Tech Mahindra, a provider of digital transformation, consulting, and business re-engineering services, has announced a partnership with Bank of Baroda to deploy digital solutions that will significantly enhance the customer experience and drive digital innovation in the banking sector. As part of this transformative partnership, Tech Mahindra has established a cutting-edge Centre of Excellence (CoE) […]
Dynacons Systems & Solutions has bagged a five-year contract worth INR 101 crores from the Bank of Baroda for installing software defined wide area network (SD-WAN) for 6,000 branches. The Indian public sector bank is planning to initially implement SD-WAN solution in its 6,000 domestic branches or offices spread across the nation. According to Dynacons […]
Bank of Baroda has selected US-based enterprise technology provider NCR Corporation for deploying the latter’s ATM-as-a-Service solution for transforming almost half of its ATM fleet. By using the ATM-as-a-Service solution at more than 9,800 ATMs, Bank of Baroda will be able to move management of its self-service channel, including security, compliance, and software updates, to […]
BLS International said that its subsidiary — Starfin India has bagged a contract from Bank of Baroda for supporting the financial inclusion mission of the Indian government. As per the terms of the contract, Starfin India will be the official national business correspondent (BC) for providing last mile banking services in rural and urban regions […]
Bank of Baroda has reported net profit of INR 1,209 crores for the first quarter of fiscal year 2022 (Q1 FY22), compared to a net loss of INR 864 crores in Q1 FY21. In the previous quarter, that is Q4 FY21, the Indian government-owned bank suffered a net loss, which was INR 1,047 crores. The […]
Ola Electric, a business unit of ANI Technologies, has signed a 10-year debt financing agreement for $100 million with Bank of Baroda for funding and financial closure of phase 1 of its Ola Futurefactory. To be located in Krishnagiri, Tamil Nadu, Ola Futurefactory will be the global manufacturing hub of Ola Electric for its electric […]
Vedavaag Systems Limited, a Hyderabad-based e-governance solutions provider, has entered into an agreement with Bank of Baroda as the latter’s national business correspondent (BC) for pan-India operations. In the next 12 to 18 months, Vedavaag Systems will establish more than 500 customer service points (CSP) across India, as per the terms of the agreement. The […]
Bank of Baroda (BoB) has inked a memorandum of understanding (MOU) with the Small Industries Development Bank of India (SIDBI) for enabling micro, small, and medium enterprises (MSMEs) to apply online for one-time restructuring (OTR). The MSME customers of the public sector bank can now access the web-based portal – ‘Asset Restructuring Module for MSMEs […]
Bank of Baroda, an Indian public sector bank, has introduced a digital lending platform for helping prospective retail loan seekers to get loans online via a paperless process irrespective of location and time. According to the Indian lender, its existing selected customers are offered pre-approved micro personal loan for shopping anything either through offline or […]