Bank of Baroda denies allegations of corruption in South Africa operations

Bank of Baroda (BoB) has denied allegations by British Labour Party politician Peter Hain that the bank facilitated corruption in South Africa under the rule of former President Jacob Zuma.

Power of Three: To Save One

In a bid to have a banking environment with fewer but healthier lenders, India witnessed its first ever merger of 3 public sector banks. HEAD SHOT In the first 3-way merger in the country’s history, two smaller public sector banks,…

Dena Bank, Vijaya Bank merges with Bank of Baroda happen

Merger of Dena Bank, Vijaya Bank with Bank of Baroda comes into effect Bank of Baroda on Monday became India’s second largest public sector bank behind State Bank of India (SBI) following a three-way merger with Dena Bank and Vijaya…

Bankers to PM – ‘United We Fall’

Public sector bank unions have announced the fourth strike in 20 days, in protest against the mega bank merger and also against reforms initiated by the Modi government in the banking sector. Two bank employee unions – All India Bank…

Protection for Employees, Bloodshed for Investors

Employees will be spared the pink slips post the three-way merger of Vijaya Bank and Dena Bank with Bank of Baroda, as per the diktats of political expediency. But the deal certainly isn’t good for shareholders. The merger of Vijaya…

Banks on strike to protest merger, demand salary revisions

The All India Bank Officers’ Confederation has called for a bank strike that has hit consumers of public sector banks across India today. Supported by around 3.2 lakh officers from public sector banks, they have two demands – revision of…