Bank of Baroda (BOB) Loss At Rs 3,342 Crore In Q3

Bank of Baroda (BOB) Loss At Rs 3,342 Crore In Q3: Bank of Baroda (BOB) is an Indian state-owned banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. Its headquarters is in Vadodara, it has a corporate office in the Bandra Kurla Complex in Mumbai. Bank of Baroda is one of the Big Four Banks Of India, along with ICICI Bank, State Bank of India and Punjab National Bank.

Bank of Baroda (BOB) Branches:

Bank of Baroda has an extensive network of 5290 branches spanning the length and breadth of the country. There is a branch in the vicinity of everyone in need of a banking solution. With a customer centric approach of being operational 24 Hours Banking a day, across 24 countries, the bank branches are the last door you will have to knock while on the lookout for an answer to your queries.

Bank of Baroda (BOB) Customer Care :
All customers or members of general public except PMJDY customers and other Financial Inclusion scheme can connect with Contact Cent re by dialing the Toll Free Number 1800 22 33 44 or 1800 102 44 55 from anywhere in the country. The call is not chargeable to the caller.

Bank Of Baroda (BOB) Head Office: Vadodara

Bank Of Baroda (BOB) Services:

Net Banking – Corporate
2. Net Banking – Personal
3. Debit cum ATM Card
4. RTGS ( Real-time gross settlement systems) / NEFT (National Electronic Funds Transfer) PAYING SLIP
5. Prepaid Card
6. Demat – CDSL
7. Cash Management Services
8. Govt. Business Products

Bank of Baroda (BOB) Loss At Rs 3,342 Crore In Q3:

Bank of Baroda, the country’s second largest public sector bank, On Saturday reported the highest-ever quarterly loss in the nation’s banking history at Rs 3,342 crore for the October-December period after recognizing and providing for the entire quantum of stressed assets identified through a special review undertaken by RBI. The reported loss would have been higher if it wasn’t for a tax write back of Rs.1,118 crore taken during the quarter.

The bank’s managing director & Cheif Executive Officer PS Jaykumar, a former Citibanker and the first from the private sector to head a state-owned bank said that the management decided to clean up even more than what Reserve Bank of India had prescribed. This was to remove uncertainty over the future from the minds of investors, he said.

Source: Ladduz