bank of baroda

The Central Bureau of Investigation (CBI) on Monday arrested Jag Mohan Garg, Chairman & Managing Director of Tirupati Infraprojects Pvt Ltd in connection with a case related to defrauding a consortium of banks of Rs 289.15 crore.Garg…

Unified Payments Interface (UPI) transactions have grown exponentially in India in the past few years. In 2022, UPI payments and card transactions hit a milestone of Rs 149.5 lakh crore. These numbers show the growing popularity and…

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The government’s last-mile digital payment link, Aadhaar-based transactions, has run into rough weather. Multiple sources told ET that transaction failures have gone up to between 10% and 15% or even higher on Aadhaar-Enabled Payment…

NEW DELHI: The Centre's fiscal deficit for 2022-23 was in line with the government's revised budget estimate of 6.4% of gross domestic product (GDP), helped by robust revenue receipts and expenditure management.Data released by the …

MUMBAI: A key metric of profitability for Indian banks, lending margins, is set to get a boost as the nation’s decision to withdraw its highest-value currency note bolsters bank deposits.The Reserve Bank of India’s move to withdraw the Rs…

NEW DELHI: Public sector banks' cumulative profit crossed the Rs 1 lakh crore mark in financial year 2023, with market leader SBIaccounting for nearly half of the total earnings.From posting a total net loss of Rs 85,390 crore in 2017-18,…

India’s largest lender SBI was quite slow in procuring goods and services from government-owned GeM portal in 2022-23 and lagged behind smaller counterparts, including Canara Bank and Punjab National Bank, according to the government data.…

The Centre is likely to make windfall gains by way of annual dividend receipts from the Reserve Bank of India (RBI), which is estimated to have garnered substantial profits in foreign-currency trading and by lending to the local banking…

NEW DELHI: Indian Oil Corp will recoup $61.14 million of jet fuel sales to cash-strapped Go Firstby cashing in bank guarantees and is optimistic it will recover a further $6.11 million for unsecured sales made in the past few months,…