NewsClues | Read the latest business economy and financial news in short. Business and financial news aggregator with news summary.
Swipe through the latest business and wealth clues with our android app
Clues by NC Team • 11 Feb 2019, Monday

A former Bank of Baroda (BoB) official has been arrested for allegedly siphoning off money from fixed deposit accounts of customers. Niket Kumar, the accused, was working as a "single-window" operator at the Colaba branch of BoB in south Mumbai. "He allegedly transferred a total of Rs 29.5 lakh from 18 Fixed Deposit (FD) and recurring accounts of customers to his friend's account between 2015-17," a police official said. The embezzlement came to light when a customer recently approached the bank to claim his FD upon maturity and found that the amount was missing. 

Read More at The New Indian Express
Clues by NC Team • 30 Jan 2019, Wednesday

Bank of Baroda (BoB) posted a four-fold rise in its net profit for third-quarter ended December 2018. The net profit stood at Rs 471 crore during the quarter, up from Rs 111 crore in the year-ago period. Domestic advances grew by 21% to Rs 3.5 lakh crore from Rs 2.9 lakh crore in previous year quarter. Gross NPA stood at Rs 53,184 crore, or 11.01% to the total advances, down from 11.78% in year-ago period. The net NPA ratio also declined marginally to 4.26% of total advances from 4.86%. 

Read More at The Economic Times
Clues by NC Team • 29 Jan 2019, Tuesday

Shares of Bank of Baroda (BoB) were trading over 2% higher in morning trade on Tuesday ahead of its financial results for the quarter ended December 2018. The scrip was up 2.11% at Rs 111.50 at around 10.25 am, while the BSE Sensex was down 42.75 points, at 35,613.31 at around the same time. 

Read More at The Economic Times
1


Top
©2019 TheNewsClues