BANK OF BARODA

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Pre-Market Information – SBI, Shree Cements, Tata Steel and others in focus today

The US markets did well on Friday. Asian markets are mixed. SGX Nifty indicates a negative start for Indian markets. The following stocks in focus today: SBI: The state-owned lender reported its Q3 earnings. Its Q3 net profit stood at Rs.8432 Cr vs Rs.5196 Cr YoY. Its NII jumped to Rs.30687.2 Cr vs Rs.28819.9 Cr …

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Bank Of Baroda Customer? This Most Important News is For You!

Bank Of Baroda Customer? This Most Important News is For You!

If your account is also in Bank of Baroda then this news is for you. Let us tell you that the government bank BOB is coming up with a new rule for its account holders. Under this rule, confirmation will be necessary for checks of 10 lakhs or more. This new rule is regarding check …

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BIG NEWS FOR LOAN BORROWERS. ADDITIONAL 90 DAYS PROVIDED FOR PAYMENT OF EMI

Highlights The Reserve Bank has issued a directive that the loan borrowers will be given an additional 90 days after the 3-month moratorium period so that they can resume EMI. The RBI has currently changed the definition of loan defaulters. In his address, Governor Shaktikanta Das said that loan holders who have opted for the …

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COMPLIANCE RELIEFS IN THE WAKE OF COVID-19 PANDEMIC

To ease the compliance related to Taxation/MCA, our Hon’ble Finance Minister of India Smt. Nirmala Sitharaman has announced major relevant measures, on 24th March, 2020, to fight against the COVID-19 pandemic. Let’s begin with it. COVID-19 The Invest India Business Immunity Platform is launched to help businesses and investors withstand COVID-19, by getting real-time updates …

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RBI FAQs ON MORATORIUM OF TERM LOANS

>> MINISTRY OF FINANCE (MOF) vide Press Release ID No. 1609820 dated 1st April, 2020 has published FAQ’s on “RBI Allowed Banks to Declare Moratorium on Term Loans.” OVERVIEW : Reserve Bank of India has allowed Banks to declare a three-month moratorium on all term loans outstanding as on March 1, 2020, as well as …

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BREAKING : BANK OF BARODA PROVIDES 3 MONTHS MORATORIUM ON EMIs OF ALL TERM LOANS

Bank of Baroda is providing a moratorium of 3 months on payment of all instalments falling due between 01.03.20 & 31.05.20 for all term loans including Corporate, MSME, Agriculture, Retail, Housing, Auto, Personal loans, etc. in pursuance of the RBI COVID-19 Regulatory Package. The repayment schedule as well as residual period of the term loan …

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