Bank of Baroda (BoB) is one of India’s largest public sector banks, headquartered in Vadodara, Gujarat. Established on July 20, 1908, by Maharaja Sayajirao Gaekwad III, the bank initially operated as a private institution before being nationalized in 1969. It is recognized as one of the largest bank in India, with a significant presence both domestically and internationally. As of recent data, Bank of Baroda operates over 9,500 branches and approximately 13,400 ATMs across India, alongside a network of branches in 21 countries globally.
The bank provides a wide range of financial services, including retail banking products such as savings accounts, loans, credit cards, and wealth management. In addition to retail services, it offers corporate banking solutions like working capital finance, trade finance, and treasury solutions. The bank also focuses on rural and agricultural banking by providing services tailored for agricultural financing and rural development. In April 2019, Bank of Baroda merged with Dena Bank and Vijaya Bank, which enhanced its market position and operational scale. This merger created a consolidated entity with a combined business exceeding ₹14.82 trillion.
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Which Public Sector Bank is likely to emerge as the top performer in the current financial year?
The banking sector is expected to be in the spotlight as the Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 5.25% on December 5. This move is likely to have a significant impact on the monetary structure of the banking sector, leading to lower interest rates for consumers on loans such as home loans and car loans.
As the season of financial results declaration is underway, several public sector banks are set to release their financial results for the December-end quarter. The Bank of India, Union Bank of India, IDBI Bank, and Central Bank of India have announced the dates for the declaration of their financial results as January 21, January 14, January 17, and January 16, respectively.
However, the three largest public sector banks (PSBs) – State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda – have yet to announce the dates for the declaration of their financial results. Despite this, investors and analysts can draw some expectations from the previous quarter’s results.
The reduction in the repo rate is expected to boost the banking sector’s performance, as it will lead to lower borrowing costs for banks and increased lending to consumers and businesses. This, in turn, is likely to have a positive impact on the banks’ net interest income and profitability.
The upcoming financial results of the public sector banks will be closely watched by investors, analysts, and regulators, as they will provide insights into the impact of the RBI’s monetary policy decisions on the banking sector. The results will also provide a glimpse into the banks’ asset quality, capital adequacy, and overall financial health.
Overall, the banking sector is expected to be in focus in the coming weeks, with the financial results of public sector banks providing valuable insights into the sector’s performance and the impact of the RBI’s policy decisions. As the largest PSBs, SBI, PNB, and Bank of Baroda, are yet to announce their results, their declarations will be closely watched by the market.
After a 5-year decline, state-run banks see a surge in employee numbers, while private banks experience a 0.9% workforce reduction
The Indian banking sector has seen a shift in employee counts, with public sector banks adding 13,179 employees to reach 9,70,437 in FY25, while private banks saw a 0.86% drop to 8,38,150 employees. State-run banks, which had earlier focused on consolidation and improving balance sheets, have now started to expand their headcount. The largest public sector bank, State Bank of India (SBI), added 3,930 employees to reach 2,36,226 in FY25. SBI plans to hire 18,000 more employees in FY26, including 13,500 clerical posts and 3,000 probationary officers.
The government’s consolidation efforts, which began in 2017 with the merger of five associate banks with SBI, have continued with the merger of 12 banks into four larger entities in 2020. There are talks of a third wave of mergers to reduce the total number of banks to four core anchors. Recently, SBI hired over 1,000 probationary officers and plans to continue hiring.
Among other public sector banks, Punjab National Bank added 397 employees to reach 1,02,746, while Central Bank of India saw a marginal uptick in employee count to 33,081. However, Bank of Baroda and Canara Bank saw a decline in employee count. In the private sector, ICICI Bank saw a significant decline of 7.13% in employee count to 1,30,957, while HDFC Bank added 994 employees to reach 2,14,521. Axis Bank added 121 employees to reach 1,04,453.
The overall headcount in the banking system rose to 18,08,587 from 17,87,566 in FY24. Foreign banks’ employee count stood at 28,041, while small finance banks had 1,77,797 employees, with AU Bank being the largest employer with 50,946. The payments banks had 6,958 employees. The banking sector’s employee count is expected to continue to evolve with the ongoing consolidation and technological advancements.
India Plans to Consolidate State-Run Banks in Next Phase of Mergers, Aiming to Create Lenders of Global Proportions
The Government of India is preparing for the next round of consolidation of public sector banks (PSU banks) with the goal of creating large, globally competitive lenders. The aim is to support India’s long-term economic ambitions and achieve the vision of a developed India by 2047. Finance Minister Nirmala Sitharaman has emphasized the need for several large, world-class banks to raise capital, compete globally, and finance large infrastructure and development projects.
Currently, India has 12 public sector banks, with the State Bank of India (SBI) being the largest, ranking 43rd among the world’s top 50 banks. PSU banks account for nearly 60% of the country’s total banking business, making them strategically important in India’s financial system. The government is considering merging small and mid-sized PSU banks with larger lenders, with banks such as Indian Overseas Bank, UCO Bank, and Bank of Maharashtra potentially being merged with larger banks like SBI, Punjab National Bank, or Bank of Baroda.
This is not the first round of consolidation in the Indian banking sector. Since 2017, the number of PSU banks has decreased from 27 to 12 through a series of mergers. Key mergers include the merger of United Bank of India and Oriental Bank of Commerce with Punjab National Bank, and the merger of Dena Bank and Vijaya Bank with Bank of Baroda. SBI has also absorbed five associate banks and Bharatiya Mahila Bank, expanding its balance sheet and branch network.
In addition to consolidation, the government is also progressing with the strategic disinvestment of IDBI Bank. The Department of Investment and Public Asset Management (DIPAM) Secretary has indicated that the transaction is expected to be completed by March 2026. The government had sold a 51% stake in IDBI Bank to LIC in 2019, and the remaining stake is now slated for sale to private investors. The goal of these efforts is to create a stronger and more competitive banking sector that can support India’s economic growth and development.
Among the prominent banks are SBI, HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra, and Bank of Baroda.
Several major Indian banks have announced changes to their fixed deposit (FD) interest rates, affecting customers who invest in these instruments. The changes vary by bank and tenure, but overall, they offer returns ranging from 5.9% to 6.95% for different terms.
State Bank of India (SBI), the country’s largest lender, has been offering 6.25% returns on FDs with a tenure of one year to less than two years, and 6.40% for two to less than three years. Senior citizens receive higher returns, with 6.75% on one-year to two-year FDs and 6.90% on two-year to less than three-year FDs. These changes took effect on December 15.
HDFC Bank, another major player, introduced new interest rates on December 17. The bank offers 6.25% for one-year tenures, 6.35% for 15 months to less than 18 months, and 6.45% for two years. Senior citizens are eligible for 6.75% on one-year tenures and 6.95% on two-year tenures.
Axis Bank also revised its FD interest rates, effective December 26. The bank now offers 6.25% for one-year tenures and 6.45% for two years. Senior citizens can earn 6.75% on one-year FDs and 6.95% on two-year FDs.
Canara Bank has also revised its interest rates, with a new rate of 5.9% for FDs with a maturity period of one year to 15 months. Senior citizens, however, can earn 6.40% for the same period.
These changes reflect the ongoing evolution of the Indian banking sector, with lenders adjusting their interest rates to stay competitive and respond to market conditions. Customers can take advantage of these revised rates to maximize their returns on fixed deposits, depending on their individual investment goals and preferences. It is essential for investors to review the updated interest rates and terms offered by each bank to make informed decisions about their investments.
Senior citizens can earn up to 8% interest rate for a 3-year investment; check the complete list of participating banks.
For senior citizens investing for a period of three years, several banks are offering a fixed deposit (FD) rate of up to 8%. This is a significant incentive for seniors who are looking to grow their savings while minimizing risk.
The banks offering these high FD rates for senior citizens include major players in the banking industry. Some of the top banks offering up to 8% FD rates for seniors investing for three years are:
1. Bank of Baroda: Offering 7.75% to 7.95% interest rates for senior citizens, depending on the deposit amount and tenure.
2. Canara Bank: Providing 7.75% to 7.9% interest rates for senior citizens, with varying rates based on deposit amount and tenure.
3. Indian Bank: Offering 7.75% interest rate for senior citizens, with higher rates applicable for larger deposits.
4. Punjab National Bank: Giving 7.75% to 7.9% interest rates for senior citizens, depending on the deposit amount and tenure.
5. State Bank of India (SBI): Offering 7.6% to 7.8% interest rates for senior citizens, with varying rates based on deposit amount and tenure.
6. ICICI Bank: Providing 7.75% to 7.9% interest rates for senior citizens, with higher rates applicable for larger deposits and longer tenures.
7. HDFC Bank: Offering 7.75% to 7.9% interest rates for senior citizens, with varying rates based on deposit amount and tenure.
These high FD rates can help senior citizens earn substantial interest on their deposits, ensuring a steady income stream during their retirement years. It’s essential to note that the interest rates may vary depending on the bank, deposit amount, and tenure chosen.
Before investing, senior citizens should carefully review the terms and conditions of the FD, including any penalties for early withdrawal and the minimum deposit requirements. They should also consider their individual financial goals, risk tolerance, and liquidity needs before making a decision.
It’s worth mentioning that senior citizens can also explore other investment options, such as senior citizen savings schemes, provident funds, and pension plans, which may offer higher returns and additional benefits. However, FDs remain a popular choice for seniors due to their low-risk nature and fixed returns.
In conclusion, the high FD rates offered by banks for senior citizens can be an attractive option for those looking to grow their savings over a three-year period. Seniors should carefully evaluate the various options available, considering their individual financial needs and goals, before making an informed investment decision.
Stock Market Updates of Bank of Baroda
Recent Updates
Major Development in PSU Bank Consolidation: IOB, UCO, BOI, BOM, and Central Bank Under Consideration for Merger – What’s the Timeline for the Next Phase of PSB Consolidation?
The Indian government is planning to initiate the next phase of public sector bank (PSB) mergers, with several banks on the radar, including Indian Overseas Bank (IOB), UCO Bank, Bank of India (BOI), Bank of Maharashtra (BOM), and Central Bank of India. The merger of these banks is expected to be a significant step towards consolidation in the Indian banking sector.
The government had earlier merged 10 PSBs into four large banks, resulting in the creation of mega banks such as State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB), and Canara Bank. The merger aimed to create stronger and more competitive banks, with improved financial health and increased lending capacity.
The next phase of the merger is expected to be more challenging, as it involves banks with weaker financials. The government is likely to consider factors such as the banks’ financial performance, asset quality, and regional presence before deciding on the mergers. The merger process is expected to be completed in a phased manner, with the first phase likely to involve the merger of smaller banks.
The banks on the radar, including IOB, UCO Bank, BOI, BOM, and Central Bank of India, have been struggling with high non-performing assets (NPAs) and weak financial performance. The merger is expected to help these banks improve their financial health and increase their lending capacity.
The government has not yet announced a specific timeline for the next phase of the merger. However, it is expected to happen soon, as the government is keen to complete the consolidation process in the banking sector. The merger is also expected to lead to job losses, as the merged entity will likely have a reduced workforce.
The PSB merger is part of the government’s broader plan to reform the banking sector and improve its efficiency. The government has also announced several other measures, including the establishment of a bad bank to take over stressed assets and the introduction of a new bank licensing policy. The measures aim to strengthen the banking sector and improve its ability to support economic growth.
In conclusion, the next phase of the PSB merger is expected to involve the merger of several smaller banks, including IOB, UCO Bank, BOI, BOM, and Central Bank of India. The merger is expected to be a significant step towards consolidation in the Indian banking sector and is likely to lead to the creation of stronger and more competitive banks. However, the process is expected to be challenging, and the government will need to carefully consider the financial performance and asset quality of the banks involved.
Should SBI, PNB, and BOB Lead the Next PSU Bank Merger, and What’s the Future for BOI, IOB, BOM, and UCO?
The Indian government’s plan to merge public sector banks (PSBs) has been a topic of discussion in recent years. The goal is to create larger, more efficient banks that can compete with private sector banks. The recent merger of 10 PSBs into four larger banks has been seen as a success, with the merged entities showing improved financial performance. Now, the question is whether the big banks, such as State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda (BOB), should take part in the next merger.
The government has indicated that the next phase of mergers will involve smaller banks, with Bank of India (BOI), Indian Overseas Bank (IOB), Bank of Maharashtra (BOM), and UCO Bank being considered. These banks have been struggling with high non-performing assets (NPAs) and low capital adequacy ratios. Merging them with larger banks like SBI, PNB, and BOB could help them gain scale and improve their financial health.
However, there are arguments against involving the big banks in the next merger. One concern is that it could lead to cultural and operational challenges, as the merged entities would have to integrate different systems and processes. Additionally, the big banks may not want to take on the burden of the smaller banks’ NPAs and other legacy issues.
On the other hand, involving the big banks in the merger could bring several benefits. It could help them expand their reach and customer base, and gain access to new markets and products. It could also help the government achieve its goal of creating fewer, larger banks that can compete with private sector banks.
The potential benefits of the merger for the smaller banks are clear. BOI, IOB, BOM, and UCO Bank would gain access to more resources, expertise, and technology, which could help them improve their financial performance and competitiveness. The merger could also help them reduce their NPAs and improve their capital adequacy ratios.
In conclusion, while there are valid arguments for and against involving the big banks in the next merger, the potential benefits of the merger for the smaller banks are significant. The government should carefully consider the pros and cons and make a decision that is in the best interest of the banking sector and the economy as a whole. If the big banks are involved in the merger, it could lead to the creation of even larger, more efficient banks that can compete with private sector banks and support the country’s economic growth.
Consolidation of PSU Banks: SBI Chief Suggests Additional Mergers Could Be Beneficial As Government Considers Major Overhaul | Business News
The chairman of the State Bank of India (SBI), CS Setty, has expressed support for the Indian government’s plan to merge smaller public sector banks with larger lenders. In an interview with Bloomberg, Setty stated that there is a need for further rationalization in the banking sector, as some smaller banks are still sub-scale. He suggested that another round of consolidation may not be a bad idea, which could lead to the next level of growth and scale in India’s financial space.
The government is considering a plan to merge several small lenders, including Indian Overseas Bank (IOB), Central Bank of India (CBI), Bank of India (BOI), and Bank of Maharashtra (BOM) with larger public sector banks such as Punjab National Bank (PNB), Bank of Baroda (BoB), and SBI. This proposed mega merger is aimed at supporting the next phase of credit expansion and financial sector reforms.
The plan is expected to be taken up at the Cabinet level and then examined by the Prime Minister’s Office (PMO). This renewed merger push diverges from NITI Aayog’s earlier suggestion to privatize or restructure smaller public sector banks. NITI Aayog had recommended that only a few large state-run lenders, including SBI, PNB, BoB, and Canara Bank, be retained under government control, while the remaining PSBs should either be merged, privatized, or have their government stake reduced.
The proposed merger is expected to drive growth and increase the efficiency of the banking sector. Setty’s support for the plan indicates that the banking industry is open to consolidation, which could lead to the creation of larger, more competitive banks. The government’s plan to merge smaller banks with larger lenders is a significant step towards achieving this goal.
The merger plan is also expected to support the next phase of credit expansion and financial sector reforms. The Indian government has been working to strengthen the banking sector and improve its efficiency, and the proposed merger is a key part of this effort. The plan is expected to be implemented in the near future, and it will be interesting to see how it unfolds and what impact it has on the banking sector.
Overall, the proposed merger of smaller public sector banks with larger lenders is a significant development in the Indian banking sector. It is expected to drive growth, increase efficiency, and support the next phase of credit expansion and financial sector reforms. The support of the SBI chairman for the plan indicates that the banking industry is open to consolidation, and the government’s plan is a significant step towards achieving this goal.
Latest Bank Update: Will Indian Overseas Bank, Central Bank of India, and Bank of India Merge with SBI and Canara Bank?
The Indian government is planning a major overhaul of the country’s banking system by merging smaller public sector banks with larger ones. Finance Minister Nirmala Sitharaman emphasized the need for a world-class banking system, with the goal of expanding Indian banks to become among the top global banks. The proposed mega-merger plan aims to create larger, more reliable public sector banks. Except for the State Bank of India, Canara Bank, Punjab National Bank, and Bank of Baroda, all other banks in the country could be merged.
Sitharaman stated that discussions have begun with banks to determine how they wish to proceed with the merger. The Reserve Bank of India is also being consulted to gather their views on creating larger banks. According to media reports, the second phase of the merger plan may involve merging Indian Overseas Bank, Central Bank of India, Bank of India, and Bank of Maharashtra with larger banks like Punjab National Bank, Bank of Baroda, and State Bank of India.
This is not the first time the government has undertaken bank mergers. In 2017, five associate banks of SBI and Bharatiya Mahila Bank were merged with the State Bank of India. In 2019, Vijaya Bank and Dena Bank were merged with Bank of Baroda, and in 2020, Oriental Bank of Commerce and United Bank of India were merged with Punjab National Bank.
The merger is expected to have significant implications for both employees and account holders. While banking deposits, fixed deposits, interest rates, loans, and other services will remain unaffected, account holders may need to obtain new passbooks, chequebooks, and account numbers. Additionally, branch names and addresses may change, requiring customers to visit their bank branches to update their records. Overall, the government’s goal is to create a more robust and efficient banking system that can compete with global banks.
Fixed Deposit rates soar up to 8.05% for general public with 5-year investment term; Check out the complete list of banks
Fixed Deposit (FD) Rates Up to 8.05% for General Citizens Investing for Five Years
In a move to encourage savings and investments, several banks in the country have increased their fixed deposit (FD) interest rates. For general citizens investing for a period of five years, the interest rates can go up to 8.05%. This is a significant increase, making FDs an attractive option for those looking to grow their savings.
List of Banks Offering High FD Rates
Here is a list of banks offering high FD rates for a five-year investment period:
- DCB Bank: 8.05% interest rate for a five-year FD
- Yes Bank: 7.75% interest rate for a five-year FD
- IndusInd Bank: 7.75% interest rate for a five-year FD
- Kotak Mahindra Bank: 7.70% interest rate for a five-year FD
- Axis Bank: 7.60% interest rate for a five-year FD
- HDFC Bank: 7.55% interest rate for a five-year FD
- ICICI Bank: 7.50% interest rate for a five-year FD
- State Bank of India (SBI): 7.40% interest rate for a five-year FD
- Bank of Baroda: 7.35% interest rate for a five-year FD
- Punjab National Bank (PNB): 7.30% interest rate for a five-year FD
Benefits of Investing in FDs
Investing in FDs offers several benefits, including:
- Guaranteed returns: FDs offer a fixed interest rate, ensuring that your investment grows at a guaranteed rate.
- Low risk: FDs are a low-risk investment option, making them suitable for conservative investors.
- Liquidity: FDs can be easily liquidated, allowing you to access your funds when needed.
- Tax benefits: Interest earned on FDs is taxable, but you can claim a tax deduction on the interest income.
How to Invest in FDs
To invest in an FD, you can visit the website of the bank or visit a branch in person. You can also invest through mobile banking or online banking platforms. The minimum deposit amount and investment period may vary depending on the bank and the type of FD.
Overall, investing in FDs can be a great way to grow your savings and earn a fixed income. With interest rates up to 8.05% for a five-year investment period, now is a good time to consider investing in an FD.
Consolidating banking entities to the point of rendering them obsolete
The Indian government’s plan to merge nine public sector banks into three large banks, namely State Bank of India, Punjab National Bank, and Canara Bank, has sparked concern among customers and employees. The move, aimed at enabling these banks to compete with foreign banks, is expected to begin by the end of the next financial year. However, this merger could have far-reaching consequences, including making banking inaccessible to common people, increasing workload, and worsening bank environments.
Bank mergers are not new in India, with several state banks having merged with SBI in the past. Recently, Andhra Bank and Corporation Bank merged with Union Bank, while Dena and Vijaya Banks merged with Bank of Baroda. The real objective behind these mergers was to shift the liability of banks in debt from giving loans to billionaires. Apart from mergers, the privatization of banks is also underway, with IDBI Bank being privatized and Yes Bank being taken over by Japan’s Sumitomo Mitsui Banking Corporation.
The central government’s move to privatize and merge public sector banks has been criticized for forgetting the role that these banks played in keeping the country safe during the global financial crisis. Big banks have no interest in ordinary, rural, and farmer accounts, and have recently imposed minimum balance requirements, making it difficult for ordinary people to access banking services. This could lead to a shift from mass banking to class banking, where only the wealthy have access to banking services.
The merger is expected to lead to widespread closure of branches, voluntary retirement, and compulsory retirement, which will adversely affect services. Customers will be forced to accept unilaterally imposed service charges and penalties. The banking sector is heading from nationalization to privatization and eventually to foreignization, which will have adverse effects on the economy and common people. The government’s move has been criticized for being anti-poor, as it will only benefit the wealthy and large corporations.
The privatization of banks will also lead to a loss of benefits that society achieved through nationalization of banks. Small borrowers are being tied up with laws like SARFAESI, while corporate loans worth crores continue to be written off. The decline in the number of banks will also adversely affect services, and customers will be forced to accept poor services and high charges. The government’s move has been criticized for being a shift from pro-people policies to pro-corporate policies, which will have far-reaching consequences for the economy and common people.
Today is the deadline to apply for 58 managerial positions – find out more
The Bank of Baroda (BOB) is closing its online application window for various Managerial posts today, October 9, 2025. Eligible candidates can still apply for these positions on the bank’s official website, bankofbaroda.in. The recruitment drive aims to fill 58 vacancies across different managerial roles.
To be considered for these positions, applicants must meet the specified eligibility criteria, which includes age limits and educational qualifications. The eligibility criteria, age limit, pay scale, and other details can be found in the official notification available on the bank’s website.
The application process involves several steps. First, candidates need to visit the official website and navigate to the ‘Current Opportunities’ section under the Career tab. From there, they can click on “Apply Now” under Advt. No. BOB/HRM/REC/ADVT/2025/13. Once they have accessed the application form, they need to fill it out, upload the required documents, and pay the application fee.
The application fee varies depending on the candidate’s category. Applicants from General, EWS, and OBC categories are required to pay a fee of Rs 850, while SC, ST, PWD, ESM/DESM, and Women candidates need to pay Rs 175. After submitting the application form, candidates should take a printout of the form for future reference.
Candidates can find more information about the recruitment process, including the official notification and the direct link to apply, on the Bank of Baroda’s official website. It is essential for interested candidates to review the eligibility criteria and application process carefully to ensure they meet the requirements and submit their applications successfully.
The Bank of Baroda’s recruitment drive provides an excellent opportunity for eligible candidates to join the bank’s managerial team. With 58 vacancies available, this is a significant recruitment effort by the bank. Candidates who are interested in these positions should act quickly, as the online application window is closing today, October 9, 2025.
The All India Bank of Baroda Officers’ Union is seeking the implementation of a ‘Right to Disconnect’ policy to alleviate the unmanageable workload and mitigate the effects of excessive stress on employees.
The All India Bank of Baroda Officers’ Union (AIBOBOU) has requested a new policy that grants employees the “Right to Disconnect” from work-related tasks outside of office hours. The union claims that constant work pressure, staffing shortages, and after-hours messages are negatively impacting officers’ mental health, leading to stress, and even suicides. Bank officers are expected to be available 24/7, responding to video calls, WhatsApp messages, emails, and compliance work, leaving no time for rest or family.
The union argues that this culture of being “always available” is a serious problem that damages the bank’s reputation and violates employees’ rights under Article 21 of the Indian Constitution, which guarantees the right to life, personal liberty, and dignity. The demand for the “Right to Disconnect” is not just about comfort, but about protecting employees’ rights and well-being. The union has asked the bank to take four main steps: implement a Right to Disconnect Policy, control meetings and deadlines, ensure respectful behavior from senior staff, and increase staff numbers to reduce heavy workloads.
The “Right to Disconnect” is already law in several countries, including France, Spain, Italy, Ireland, and the Philippines, where employers are prohibited from forcing workers to respond to calls, emails, or messages outside of office hours. The union believes that India should follow these global examples and protect workers’ rights. The issue has been taken to the national level, with the union sending letters to the Ministry of Finance and the Chief Labour Commissioner.
The bank’s management may argue that banking is an essential service that requires quick action outside of office hours, but the union believes that this can be addressed by clearly defining what constitutes a “genuine emergency.” Changing the workplace culture will take time and effort, but the union is determined to fight for employees’ rights. The demand for the “Right to Disconnect” is a turning point for bank employees in India, and if the bank takes action, it could become a leader in protecting employees’ well-being and set an example for other companies. However, if the issue is not addressed, it could grow into a bigger conflict across the banking industry.
Bank of Baroda’s Workplace Environment Faces Criticism Amid Allegations of Harassment and Unmanageable Stress Levels from Staff
The Bank of Baroda (BoB), a major public sector bank, is facing criticism over its toxic work culture. Unions and officers are alleging harassment, unrealistic targets, and disrespectful treatment by senior executives. The issue came to light after a woman Chief Manager in Ernakulam attempted to take her own life, citing work pressure and harassment. The incident sparked protests and demands for urgent intervention to protect the dignity and wellbeing of staff.
The Bank Employees Federation of India (BEFI) organized a protest outside the BoB Regional Office in Ernakulam, calling for an end to “anti-worker practices and policies” by the management. The All India Bank of Baroda Officers’ Association (AIBOBOA) also wrote to the bank’s zonal management, urging immediate steps to restore a respectful workplace. The association noted that while BoB champions “Respect” as a core organizational value, officers often face humiliation in meetings and are burdened with “inhuman levels of pressure” from steep and unrealistic targets.
The crisis in Ernakulam is not an isolated case. There have been other incidents of work-related stress and suicides, including the death of a Senior Manager in Ranchi who took his own life after being kept in a review meeting until 10 p.m. Unions have linked his death to extreme work stress. Employees in West Bengal’s Burdwan region have also lodged a formal complaint against the Regional Manager and Deputy Regional Manager, accusing them of harassment and abusive behavior.
Underlying these problems is the issue of acute staff shortage. Branches across the country are reportedly running with limited personnel, forcing officers to manage multiple roles while still being pushed to meet higher business goals. Unions argue that without fresh recruitment and proper assessment of human resource requirements, pressure on existing staff will only worsen. The demand for a five-day banking week, raised repeatedly by public sector bank employees as a measure to reduce stress, remains pending with the Ministry of Finance.
Unions are emphasizing that the wellbeing of employees cannot be treated as secondary in the push for profitability. A demoralized and overstressed workforce will inevitably affect customer service and business growth. The rising number of stress-related incidents in Bank of Baroda reflects a broader shift in work culture across public sector banks. Unions say aggressive monitoring, disregard for work-life balance, and target-driven policies are eroding the dignity of officers and creating an atmosphere of fear rather than motivation. Unless the bank addresses these issues with urgency, officers warn, it risks not only further tragedies but also lasting damage to its institutional image and its ability to deliver on its public mandate.
Bank of Baroda slashes lending rates: 5 major banks, including BoB, cut EMIs in September 2025, making loans more affordable – The Economic Times
As of September 2025, several major banks in India have reduced their lending rates, paving the way for lower Equated Monthly Installments (EMIs) for borrowers. According to a report by The Economic Times, at least five banks have cut their lending rates, providing relief to home loan and personal loan customers.
One of the banks that has reduced its lending rates is the Bank of Baroda. The Bank of Baroda has lowered its Marginal Cost of Funds Based Lending Rate (MCLR) across various tenors, which will lead to a decrease in the interest rates on loans such as home loans, auto loans, and personal loans.
Other banks that have reduced their lending rates include the State Bank of India (SBI), ICICI Bank, HDFC Bank, and Axis Bank. The reduction in lending rates is expected to make borrowing more affordable for customers and provide a boost to the economy.
The cut in lending rates is also expected to increase credit demand, as lower interest rates will make loans more attractive to borrowers. This, in turn, can lead to an increase in consumer spending and investment, which can have a positive impact on the overall economy.
The reduction in lending rates by these banks is seen as a-move to pass on the benefits of the lower policy rates to the customers. The Reserve Bank of India (RBI) had earlier reduced the policy rates to stimulate economic growth.
The lowering of lending rates by these banks is a welcome move for borrowers, as it will lead to lower EMIs and reduced interest burden. However, it is essential for borrowers to review their loan agreements and terms to understand the impact of the reduced lending rates on their loans.
In conclusion, the reduction in lending rates by major banks in India, including the Bank of Baroda, is a positive development for borrowers. With lower lending rates, borrowers can expect lower EMIs and reduced interest burden, making borrowing more affordable. As the economy continues to evolve, it will be interesting to see how these changes impact the banking and financial sectors.
Hindustan Times reports that Bank of Baroda is hiring for 58 management positions, with applications accepted at bankofbaroda.bank.in.
The Bank of Baroda has announced a recruitment process for the position of Manager in various disciplines. A total of 58 vacancies are available, and eligible candidates can apply online through the official website, bankofbaroda.bank.in. The recruitment process is open to candidates who meet the specified eligibility criteria, which includes educational qualifications, age limit, and experience.
Eligibility Criteria:
To be eligible for the Manager position, candidates must have a minimum age of 23 years and a maximum age of 35 years. They must also have a graduate degree from a recognized university, with a minimum of 55% marks. Additionally, candidates must have relevant work experience in the field, which varies depending on the discipline.
Disciplines and Vacancies:
The 58 vacancies are distributed across various disciplines, including:
- Finance: 15 posts
- Risk Management: 10 posts
- Compliance: 8 posts
- Digital Banking: 5 posts
- Marketing: 5 posts
- Sales: 5 posts
- Other disciplines: 10 posts
Selection Process:
The selection process for the Manager position will consist of an online written examination, followed by a psychometric assessment, group discussion, and personal interview. Candidates who clear the written examination will be shortlisted for the next stages of the selection process.
Application Process:
Eligible candidates can apply online through the Bank of Baroda’s official website, bankofbaroda.bank.in. The application process involves registering on the website, filling out the online application form, and uploading the required documents. The application fee is Rs 600, which can be paid online through debit/credit card or net banking.
Important Dates:
The online application process will start on [date] and will close on [date]. The written examination is expected to be held on [date]. Candidates are advised to check the official website regularly for updates on the recruitment process.
Link to Apply:
Candidates can apply online for the Manager position through the following link: https://news.google.com/rss/articles/CBMi_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?oc=5. The link will be active from [date] to [date]. Candidates are advised to read the official notification carefully before applying online. The recruitment process is a great opportunity for candidates to join the Bank of Baroda as a Manager and start a challenging and rewarding career in the banking industry.
Indian Overseas Bank and Bank of Baroda have reduced their MCLR rates by as much as 15 basis points, paving the way for more affordable loan options.
Bank of Baroda (BoB) and Indian Overseas Bank (IOB) have made significant adjustments to their Marginal Cost of Fund-based Lending Rate (MCLR), slashing it by up to 15 basis points (0.15%). This revision, which cuts interest rates, will make MCLR-based loans more affordable for borrowers at these banks. The timing of this move is notable, as it comes just before the start of the festive season, which begins next week.
The festive season, marked by the beginning of Navratri, a nine-day festival considered auspicious for new beginnings, is often a time when people make significant purchases or investments. The reduction in MCLR by BoB and IOB is likely to boost consumer sentiment and encourage borrowing, as lower interest rates make loans more attractive to potential borrowers.
Furthermore, the recent Goods and Services Tax (GST) rationalization, set to take effect from September 22, 2025, coincides with the start of Navratri. This rationalization aims to simplify and reduce GST rates, making various goods and services more affordable for consumers. The combination of lower MCLR rates and GST rationalization is expected to create a positive festive sentiment, driving economic growth and consumer spending.
The reduction in MCLR by BoB and IOB will apply to various types of loans, including personal loans, home loans, and car loans, among others. Borrowers with existing MCLR-based loans may also benefit from the reduced rates, depending on the terms of their loan agreements. As the festive season approaches, the move by BoB and IOB is likely to be followed by other banks, leading to a more competitive lending environment and increased access to credit for consumers.
Overall, the revision in MCLR by BoB and IOB, coupled with the GST rationalization, is expected to provide a stimulus to the economy during the festive season. With lower interest rates and reduced GST rates, consumers are likely to feel more confident about making purchases and investments, driving economic growth and development.
Concerns Emerge as AIBOBOU Highlights Excessive Workload and WhatsApp Misuse Issues
The All India Bank of Baroda Officers’ Union (AIBOBOU) has submitted a letter to the Regional Head of Bank of Baroda’s Mumbai North Region, highlighting several grievances affecting staff morale. The issues were compiled after union representatives visited branches and gathered feedback from officers. The key grievances reported include pressure to meet unrealistic targets, daily reporting requirements, and the misuse of WhatsApp for official communication.
Officers are being compelled to meet an additional weekly sub-target of ₹8 lakh in personal loans, which is creating stress and disrupting their workflow. They are also required to give daily reporting on loan disbursements, even when there is nil activity. Furthermore, officers are receiving instructions through WhatsApp on their personal phones, both before and after working hours, which intrudes into their personal space and violates the bank’s social media policy.
The union has also raised concerns about the chain of command, with Regional Office officials directly following up with officers without going through the proper hierarchy. This is causing undue harassment and bypassing the authority of Branch Heads and Joint Managers. The union has requested that follow-ups be routed only through sanctioning authorities.
The General Secretary of AIBOBOU, K. Sriniwasrao, stated that the misuse of WhatsApp for official communication is a widespread issue across the bank. He emphasized that the bank’s social media policy allows WhatsApp only for emergencies, but it is being used indiscriminately for routine instructions and even for transferring and relieving officers. This is harming officers’ work-life balance and creating a toxic work culture.
The union has also highlighted the growing pressure of unrealistic targets, such as pushing gold loans and car loans without regard to customer demand. This is worsening the situation and creating a “torturing culture” where officers are being pressed to expand the loan portfolio without considering ground realities. The union has requested corrective measures to ensure better governance, customer service, and respect for officers’ work-life balance.
Overall, the AIBOBOU has emphasized that these grievances are not isolated complaints but widespread concerns across the Mumbai North Region. The union is seeking urgent corrective action to address these issues and improve the working conditions and morale of officers. The bank’s management has been requested to take measures to ensure that officers are not subjected to undue stress and harassment, and that their work-life balance is respected.