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Recent Current Affairs related to Bank of Baroda

4 News
3 October 2026 BUSINESS

The Competition Commission of India (CCI) has approved the acquisition of equity share capital in IndiaFirst Life Insurance Company Ltd by the France-based BNP Paribas Cardif.

In other news, the CCI has authorised the indirect acquisition of a majority stake and voting rights in Everllence SE (including its subsidiaries) by funds managed or advised by Bain Capital Investors, LLC. This acquisition involves a share transfer from Volkswagen Aktiengesellschaft (Volkswagen) to the funds of Bain Capital Investors, LLC.

13 July 2026 BANKING

RBI has imposed a monetary penalty of ₹63.6 lakh on the Bank of Baroda (BoB) for charging interest rates higher than the contracted rates, failing to upload Know Your Customer (KYC) records to the Central KYC Records Registry (CKYCR) within the stipulated timelines, and non-compliance with the 'Fair Practices Code'.

The central bank has also imposed a penalty of ₹3.1 lakh on GIC Housing Finance due to deficiencies in compliance with KYC guidelines.

24 June 2026 BANKING

Bank of Baroda has launched the 'bob Golden Goal Deposit Scheme', a 555-day retail term deposit plan for deposits below ₹3 crore, offering interest rates up to 7.4% per annum.

The bank has also introduced the 'bob Legend Foreign Currency Non-Resident (Bank) [FCNR(B)]' deposit scheme, which offers interest rates of 6% for tenures of 3 to less than 4 years, 6.1% for 4 to less than 5 years, and 6.5% for 5-year deposits.

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