Bank announces Financial Results for quarter ended, 30th September 2023.
Bank of Baroda (UK) Ltd announces its intention to wind down and close its UK retail banking activities
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NOTIFICATION DATED 27.06.2023 FOR SALE / ASSIGNMENT OF FINANCIAL ASSET (NPA) to ARCs (E-AUCTION ON 14.07.2023)
As per revised RBI directives all our Locker-holders are requested to visit Bank of Baroda, Base Branch.
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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.
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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.
Avail our MSME loans for business finance.
List of bank's authorised venders for Overdue Collection ActivitiesBank of Baroda is providing conventional and non-conventional business loans. We value your business the way you value your customers. Hence, giving you the perfect solution for all your financial needs that are coming in the way of business growth.
The proposed scheme primarily aims financing medical equipment to "micro to mid level" healthcare professionals/Doctors/Hospitals/clinics.
To foster the growth of start ups in India, Bank has started Credit guarantee scheme for Start-ups segments.
Bank has launched separate scheme for export credit facility for Micro Enterorises.
Separate scheme for financing solar projects under industrial utilisation purpose.
Need based financial assistance is provided to the following who were affected due to COVID -19 pandemic, so that they can discharge liabilities and restart their business
Offering credit facilities to MSME from Manufacturing, Trading and services sectors
Loan for providing liquidity to the business
Affordable business loans, assured by the Government
Bank of Baroda has set up dedicated desks at the SITB, headed by experienced professionals, for undertaking various types of treasury activities in different financial markets.
Loan for businesses to providing liquidity to the business
A scheme for setting up/purchase of ready possession of new clinics/hospitals, etc. The finance provided can include expansion, renovation plus working capital needs for medical institution needs.
A loan for all artisans involved in the manufacturing process and otherwise eligible for credit facility for carrying out the proposed
Meet the credit needs of contractors engaged in the execution of civil engineering contract works awarded by BMC/Civic Agencies
We provide working capital assistance (fund based/non-fund based) in the form of running limit (overdraft) inland/foreign letter of credit.
Loan to meet the credit requirements of small business units, retail traders, artisans, village industries, small-scale industrial units, and tiny
A loan for business correspondents or kiosk operators who have valid agreements with service providers to meet working capital
Purpose is to finance a new project, i.e., acquisition of land/construction of building, plant and machinery based on project cost/expansion project.
Loan for need-based funding to units engaged in the trade of commodities in physical form required by the community and trading in them
The purpose of this card is to meet emergent requirements and tie up a temporary mismatch in liquidity arising out of delayed payment by buyers, tax payment, etc.
We provide hassle-free credit for working capital (fund based and non-fund based) as also capital expenditure related to the business of the borrower within the overall composite limit sanctioned to the borrower.
Baroda Vidyasthali loan is a special scheme for financing educational institutions. Finance related to construction of building or expansion for educational institutes and many other such requirements.
We provide easy finance to eligible vendors of investment-grade corporates with good financial discipline by way of discounting invoices drawn by the vendors.
The scheme provides assistance from the bank to the weavers to meet their credit requirement i.e. for investment needs as well as for working capital in a cost-effective manner.
We provide hassle-free term loans for the purchase of new commercial vehicles to first-time buyers, existing fleet operators, and captive users.
Providing fixed capital investment and/or working capital requirement up to Rs. 100 lakhs.
Term loan for the purchase of new construction and mining equipment to eligible first-time buyers, small, medium, large, and strategic segment contractors and mining operators.
The purpose is to provide collateral free loans upto Rs. 200 lakhs (up to Rs. 100 lakhs for retail trade) to micro and small enterprises, as defined under MSMED Act, 2006.
The objective is to facilitate technology upgradation of tiny and SSI units in the specified products/sub-sectors as notified by Govt. of India by providing 15% capital subsidy.
Any trader, firm or a cooperative society engaged in the distribution of agricultural inputs is eligible under this scheme to the extent of the credit needs.
Loan to be considered for replacement of old machinery, purchase of balancing equipment, modernization, investment in research and development, and many more such requirements.
Offers corporations working capital finance to meet their operating expenses, purchasing inventory, and receivables financing either by direct funding or by issuing a letter of credit.
Prime Minister’s Employment Generation Programme (PMEGP) is a credit-linked subsidy programme to generate employment opportunities in rural as well as urban areas through the setting up of self-employment ventures.
Loan purpose is the construction of office premises on self-owned land or acquisition of ready-built new office premises. Can be used to purchase new equipment.
The purpose is to augment enterprises’ working capital gap and to help in the improvement of the current ratio and also for meeting genuine business requirements.
Loan to meet temporary liquidity shortfall/mismatch in the line of business activity. This facility is not to be extended for other purposes like repayment of loans etc.
The purpose is to meet the credit requirement of Scheduled Caste (SC) or Scheduled Tribe (ST) and at least one woman entrepreneur for setting up Greenfield projects.
This scheme is implemented by the Ministry of MSME for energy efficient technology for technology and quality upgradation support to MSMEs under the scheme.
Launched by the Government of India as per guidelines received from time to time from the Ministry of Textiles. Bank of Baroda is a nodal agency for determining eligibility and releasing of subsidy for the cases financed by the bank under the scheme.
Fund based and non-fund based finance for capital expenditure/acquisition of fixed assets towards starting/expanding a business.
All vendors/suppliers (falling within SME regulatory/non-regulatory classification only) of large real estate developers are eligible to apply for this loan.
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Frequently Asked Questions (FAQs)
Gazette notification S.O. 2119(E) dated 26.06.2020
(i) a micro enterprise, where the investment in plant and machinery or equipment does not
exceed one crore rupees and turnover does not exceed five crore rupees;
(ii) a small enterprise, where the investment in plant and machinery or equipment does not
exceed ten crore rupees and turnover does not exceed fifty crore rupees; and
(iii) a medium enterprise, where the investment in plant and machinery or equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.
(1) Any person who intends to establish a micro, small or medium enterprise may file Udyam Registration online in the Udyam Registration portal, based on self-declaration with no requirement to upload documents, papers, certificates or proof.
(2) On registration, an enterprise (referred to as ―Udyam‖ in the Udyam Registration portal) will be assigned a permanent identity number to be known as ―Udyam Registration Number.
(1) A composite criterion of investment and turnover shall apply for classification of an enterprise as micro, small or medium.
(2) If an enterprise crosses the ceiling limits specified for its present category in either of the two criteria of investment or turnover, it will cease to exist in that category and be placed in the next higher category but no enterprise shall be placed in the lower category unless it goes below the ceiling limits specified for its present category in both the criteria of investment as well as turnover.
(3) All units with Goods and Services Tax Identification Number (GSTIN) listed against the same Permanent Account Number (PAN) shall be collectively treated as one enterprise and the turnover and investment figures for all of such entities shall be seen together and only the aggregate values will be considered for deciding the category as micro, small or medium enterprise.
(1) The calculation of investment in plant and machinery or equipment will be linked to the Income Tax Return (ITR) of the previous years filed under the Income Tax Act, 1961.
(2) In case of a new enterprise, where no prior ITR is available, the investment will be based on self-declaration of the promoter of the enterprise and such relaxation shall end after the 31st March of the financial year in which it files its first ITR.
(3) The expression ―plant and machinery or equipment‖ of the enterprise, shall have the same meaning as assigned to the plant and machinery in the Income Tax Rules, 1962 framed under the Income Tax Act, 1961 and shall include all tangible assets (other than land and building, furniture and fittings).
(4) The purchase (invoice) value of a plant and machinery or equipment, whether purchased first hand or second hand, shall be taken into account excluding Goods and Services Tax (GST), on self-disclosure basis, if the enterprise is a new one without any ITR.
(5) The cost of certain items specified in the Explanation I to sub-section (1) of section 7 of the Act shall be excluded from the calculation of the amount of investment in plant and machinery.
(1) Exports of goods or services or both, shall be excluded while calculating the turnover of any enterprise whether micro, small or medium, for the purposes of classification.
(2) Information as regards turnover and exports turnover for an enterprise shall be linked to the Income Tax Act or the Central Goods and Services Act (CGST Act) and the GSTIN.
(3) The turnover related figures of such enterprise which do not have PAN will be considered on self-declaration basis for a period up to 31st March, 2021 and thereafter, PAN and GSTIN shall be mandatory.
(4) The exemption from the requirement of having GSTIN shall be as per the provisions of the Central Goods and Services Tax Act, 2017 (12 of 2017). [This paragraph(4) is an amendment dt 05.03.2021].
(1) The form for registration shall be as provided in the Udyam Registration portal.
(2) There will be no fee for filing Udyam Registration.
(3) Aadhaar number shall be required for Udyam Registration.
(4) The Aadhaar number shall be of the proprietor in the case of a proprietorship firm, of the managing partner in the case of a partnership firm and of a karta in the case of a Hindu Undivided Family (HUF).
(5) In case of a Company or a Limited Liability Partnership or a Cooperative Society or a Society or a Trust, the organisation or its authorised signatory shall provide its GSTIN and
PAN along with its Aadhaar number.
(6) In case an enterprise is duly registered as an Udyam with PAN, any deficiency of information for previous years when it did not have PAN shall be filled up on self-declaration basis.
(7) No enterprise shall file more than one Udyam Registration: Provided that any number of activities including manufacturing or service or both may be specified or added in one Udyam Registration.
(8) Whoever intentionally misrepresents or attempts to suppress the self-declared facts and figures appearing in the Udyam Registration or updation process shall be liable to such penalty as specified under section 27 of the Act.
(9) In case of any proprietorship enterprise not registered under any Act or rules of the Central Government or the State Government, the proprietor may use his or her PAN for registration of the enterprise in the Udyam Registration portal and for all other types of enterprises PAN shall be mandatory [This paragraph(9) is an amendment dt 05.03.2021].
(1) All existing enterprises registered under EM–Part-II or UAM shall register again on the
Udyam Registration portal on or after the 1st day of July, 2020.
(2) All enterprises registered till 30th June, 2020, shall be re-classified in accordance with this notification.
(3) The existing enterprises registered prior to 30th June, 2020, shall continue to be valid only for a period up to the 31stday of March, 2021 31stday of December, 2021 [Extension of date from March to December is through Amendment dated 16.06.2021]
(4) An enterprise registered with any other organisation under the Ministry of Micro, Small and Medium Enterprises shall register itself under Udyam Registration.
(1) An enterprise having Udyam Registration Number shall update its information online in the Udyam Registration portal, including the details of the ITR and the GST Return for the previous financial year and such other additional information as may be required, on selfdeclaration basis.
(2) Failure to update the relevant information within the period specified in the online Udyam
Registration portal will render the enterprise liable for suspension of its status.
(3) Based on the information furnished or gathered from Government’s sources including ITR or GST return, the classification of the enterprise will be updated.
(4) In case of graduation (from a lower to a higher category) or reverse-graduation (sliding down to lower category) of an enterprise, a communication will be sent to the enterprise about the change in the status.
(5) In case of an upward change in terms of investment in plant and machinery or equipment or turnover or both, and consequent re-classification, an enterprise will maintain its prevailing status till expiry of one year from the close of the year of registration.
(6) In case of reverse-graduation of an enterprise, whether as a result of re-classification or due to actual changes in investment in plant and machinery or equipment or turnover or both, and whether the enterprise is registered under the Act or not, the enterprise will continue in its present category till the closure of the financial year and it will be given the benefit of the changed status only with effect from 1st April of the financial year following the year in which such change took place.
(1) The Champions Control Rooms functioning in various institutions and offices of the Ministry of Micro, Small and Medium Enterprises including the Development Institutes (MSME-DI) shall act as Single Window Systems for facilitating the registration process and further handholding the micro, small and medium enterprises in all possible manner.
(2) The District Industries Centres (DICs) will also act as Single Window facilitation Systems in their Districts.
(3) Any person who is not able to file the Udyam Registration for any reason including for lack of Aadhaar number, may approach any of the above Single Window Systems for Udyam Registration purposes with his Aadhaar enrolment identity slip or copy of Aadhaar enrolment request or bank photo pass book or voter identity card or passport or driving licence and the Single Window Systems will facilitate the process including getting an Aadhaar number and thereafter in the further process of Udyam Registration.
(4) In case of any discrepancy or complaint, the General Manager of the District Industries
Centre of the concerned District shall undertake an enquiry for verification of the details of Udyam Registration submitted by the enterprise and thereafter forward the matter with necessary remarks to the Director or Commissioner or Industry Secretary concerned of the State Government who after issuing a notice to the enterprise and after giving an opportunity to present its case and based on the findings, may amend the details or recommend to the Ministry of Micro, Small or Medium Enterprises, Government of India, for cancellation of the Udyam Registration Certificate.
Registration on Udyam Registration Portal
The portal can be accessed at https://udyogaadhaar.gov.in/
Yes. Both term finance and working capital facilities are sanctioned by the Bank.
No collaterals/third-party guarantee for loans under Micro & Small Enterprises segment which are covered under CGTMSE guarantee cover. For other accounts which are not covered under CGTMSE, the Bank may stipulate collaterals as per Bank’s guidelines.
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