Bank announces Financial Results for quarter/year ended, 31st March 2023.
As per revised RBI directives all our Locker-holders are requested to visit Bank of Baroda, Base Branch.
With Bank Of Baroda personal loan, you get lowest interest rates, instant approval with minimal documentation. Checkout Bank of Baroda personal loan interest rates & eligibility. Apply now!
Apply for Bank of Baroda Home Loan online at the lowest interest rates. Checkout our home loan eligibility, interest rates, documentation. Get instant home loan approval. Apply now!
Car Loan: Apply for auto loan online by Bank of Baroda at an attractive interest rates & easy EMI option. Upto 90% financing on on-road price. Buy your dream car today!
Why should finance come in the way of future? Getting an education loan is an easy way to finance your dreams. A student loan can help you get into the university of your choice. Bank of Baroda is here to finance your dreams, education & career goals.
The easiest way to save for you, for your loved ones, and for your future. A savings account gives you the liberty to choose according to your needs and additionally give you benefits for all your transactions. With a gamut of savings account features on the table, Bank of Baroda is here to make your banking simple and easy!
Open Current Account online at Bank of Baroda to meet all your banking needs. Go to our website to learn more about the different types of current accounts we offer and apply now!
Bank of Baroda deposit plans offer convenient solutions to both working individuals as well as senior citizens. These deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits.
An account for all. B3 Silver Account comes with maximum savings and zero Quarterly Average Balance (QAB). Also, make the most of coins and annual offers from Loyalty Rewardz to fulfill yearlong subscriptions and shopping.
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Bank of Baroda focuses on its employees, offering a career rather than just a job. Various initiatives are in place to groom employees throughout their life cycle. A comprehensive talent management system to groom future leaders of the bank.
Bank of Baroda offers various types of personal banking cards such as Credit, Debit, Prepaid, Business & Travel Cards. Choose the one best suited card for your needs.
(Greenfield / Brownfield Projects located/to be located in Metro Cities are not eligible under the Scheme. At present there are 8 Metro cities namely Chennai, New Delhi, Mumbai, Kolkata, Bangalore, Hyderabad, Ahmedabad and Pune. )
To provide finance in areas other than 8 Metro Cities, for set up of or modernizing /expanding of the following:
Constitution of borrower
Proprietorship Firm/ Partnership Firm/ Trust/ Society/Public Ltd / Private Ltd.
Qualification of borrower
The Competent Authority may consider waiver of this condition.
Business unit should have required approvals/ registrations / permit / licence, wherever applicable, from the statutory/ regulatory authority.
is mandatory in case of all existing units operating for more than one Financial Year
such as ABS/PBS, Account Statements etc should be verified to ascertain the activity level of the unit.
Nature of Facility
Fund Based/Non Fund Based Term Loan, Cash Credit, Bank Guarantee (P/F, Bid bond) and Letter of Credit/Standby Letter of Credit.
Maximum exposure per project is limited to Rs.100 crore (both fund based and non-fund based included).
Competent Authority may allow reduction in Margin.
Within validity period of NCGTC guarantee cover
ROI is capped at 7.95% p.a. following NCGTC Guidelines
The ROI to be charged as per :
(Concession may be allowed by competent authority)
Extent of Guarantee NCGTC cover
NCGTC cover is available on the unsecured portion of the outstanding amount under the LGSCAS Scheme.
Tenor of Guarantee cover by NCGTC
NCGTC Guarantee Fees Payable to NCGTC
No guarantee fees is payable to NCGTC for LGSCAS.
Minimum SARFEASI enabled tangible collateral security of 25% to be obtained from all the MSME borrowers. However, this condition may be waived in following cases:
For large corporate borrowers, sanctioning authority may decide collateral security coverage on case to case basis.
In all cases (other than proprietorship concerns), personal guarantee of the promoters / partners/ directors of the unit is mandatory.
The waiver of Personal guarantee, may be allowed by the competent authority.
As per Bank’s extant Guidelines
Ring fencing of cash flows shall be ensured by routing all cash flows through ESCROW account arrangement.
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