Latest news with #BankofBaroda
Mint
7 hours ago
- Business
- Mint
BOBCARD update: 1000 reward points now required for redemption starting July 1
BOBCARD, the wholly-owned subsidiary of Bank of Baroda that offers a range of credit cards, has announced a slew of changes for its customers from July 1. While BOBCARD users can now earn core reward points for utility bill payments, they must accumulate a minimum of 1000 reward points for redemptions. 'Starting 1st July 2025, your utility bill payments (MCC 4900) like electricity, gas, water, etc., will now earn you core reward points,' BOBCARD said in its communication to customers. 'Effective 1st July 2025, reward point redemption against statement balance will require a minimum of 1000 points across all credit card variants,' it said. The auto redemption of reward points on SNAPDEAL BOBCARD has been discontinued from July 1. 'Going forward, cardholders must initiate manual redemption via the BOBCARD Portal or Mobile App. These changes will also be reflected on the respective product pages at BOBCARD said. BOBCARD has also revised the finance charges for most of its credit cards. 'The finance charge for all BOBCARD variants will be revised to 3.75% per month (45% annualized) - except for BOBCARD ETERNA, BOBCARD ETERNA FD, and BOBCARD TIARA,' it said. Card Name Core Reward Rate Swavlamban 4 RP per ₹ 100 Select 1 RP per ₹ 100 Premire 2 RP per ₹ 100 Easy 1 RP per ₹ 100 Eterna 3 RP per ₹ 100 Tiara 3 RP per ₹ 100 Corporate 1 RP per ₹ 100 Empower Business Card 1 RP per ₹ 100 Prime 2 RP per ₹ 100 ICAI Exclusive 1 RP per ₹ 100 ICSI Diamond 1 RP per ₹ 100 ICMAI One 1 RP per ₹ 100 IRCTC 2 RP per ₹ 100 HPCL ENERGIE 2 RP per ₹ 150 Snapdeal 4 RP per ₹ 100 Varunah 1 RP per ₹ 100 Varunah Plus 2 RP per ₹ 100 Varunah Premium 3 RP per ₹ 100 Rakshamah 2 RP per ₹ 100 The Sentinel 2 RP per ₹ 100 Yoddha 2 RP per ₹ 100 Vikram 1 RP per ₹ 100 Renaissance 1 RP per ₹ 100 Pragati 1 RP per ₹ 100 Credit cards have been increasingly reducing benefits. In some cases, they have withdrawn them totally in a bid to curb wrong usage. Several leading card issuers had capped reward points for popular spending categories. They have stipulated a higher spending threshold for availing certain services such as airport lounge access. Rent payments, government-related spending and education payments have been excluded from spend thresholds by many card issuing banks. Allirajan M is a journalist with over two decades of experience. He has worked with several leading media organisations in the country and has been writing on mutual funds for nearly 16 years.
Time of India
a day ago
- Time of India
Two GG Hospital employees booked for embezzling Rs 17.2L
Rajkot: A case of cheating has been registered at Jamnagar City B Division police station against two outsourced employees of the accounts department at GG Hospital. The accused have been identified as Bhargav Trivedi and Divya Mungra. The complaint was lodged by Dr Bhavin Kansagara, a medical officer at the hospital. The duo is accused of misappropriating Rs 17.2 lakh between Oct 2023 and April 2, 2024. According to the police complaint, both accused had been working in the hospital's accounts department for the past five to six years, primarily handling salary bills and various staff allowances. The alleged fraud came to light during a meeting at the govt treasury office on May 30, attended by Dr Kansagara and medical superintendent Dr Deepak Tiwari. During the meeting, it was discovered that Rs 17.2 lakh had been transferred to accounts at the Bank of Baroda between Oct 2023 and April 2 this year. Further investigation revealed that the accused had diverted govt funds into their own and their relatives' bank accounts by manipulating salary bills and payment documents. They allegedly obtained the necessary approvals and signatures on these documents at 10 to 15-day intervals, all without the knowledge of the hospital authorities.
Mint
2 days ago
- Business
- Mint
Dividend Stocks: Larsen & Toubro, Tata Motors, TCS, among others to trade ex-dividend next week; Full list
Dividend Stocks: Shares of major firms, including Larsen & Toubro, Tata Motors, Tata Steel, Tata Consultancy Services (TCS), INOX India, Bank of Baroda, Container Corporation of India, are among others that will trade ex-dividend in the week starting Monday, 2 June 2025. The ex-dividend date is when the equity share price adjusts to reflect the next dividend payout. This day, the stock becomes ex-dividend, which means it does not carry the value of its next dividend payment from that day forward. The dividend issue will be payable to all the shareholders whose names appear on the company's list by the end of the record date. According to BSE data, many companies also announced other corporate actions, including a bonus issue. Atishay Ltd will declare a final dividend of Re 1 per share on Tuesday, 3 June 2025. Larsen & Toubro Ltd will declare a final dividend of ₹ 34 per share on Tuesday, 3 June 2025. Nuvama Wealth Management Ltd will declare an interim dividend of ₹ 69 per share on Tuesday, 3 June 2025. Sunshield Chemicals Ltd will declare a final dividend of ₹ 2.5 per share on Tuesday, 3 June 2025. INOX India Ltd will declare a final dividend of ₹ 2 per share on Wednesday, 4 June 2025. Seshasayee Paper and Boards Ltd will declare a final dividend of ₹ 2.5 per share on Wednesday, 4 June 2025. Tata Motors Ltd will declare a final dividend of ₹ 6 per share on Wednesday, 4 June 2025. Tata Consultancy Services Ltd will declare a final dividend of ₹ 30 per share on Wednesday, 4 June 2025. Jindal Saw Ltd will declare a final dividend of ₹ 2 per share on Thursday, 5 June 2025. Rallis India Ltd will declare a final dividend of ₹ 2.5 per share on Thursday, 5 June 2025. Bank of Baroda will declare a final dividend of ₹ 8.3 per share on Friday, 6 June 2025. Container Corporation of India Ltd will declare a final dividend of ₹ 2 per share on Friday, 6 June 2025. East India Drums and Barrels Manufacturing Ltd will declare an interim dividend on Friday, 6 June 2025. HDFC Asset Management Company Ltd will declare a final dividend of ₹ 90 per share on Friday, 6 June 2025. High Energy Batteries India Ltd will declare a final dividend of ₹ 3 per share on Friday, 6 June 2025. IFGL Refractories Ltd will declare a final dividend of ₹ 1 per share on Friday, 6 June 2025. IndiaMART InterMESH Ltd will declare a final dividend of ₹ 30 per share on Friday, 6 June 2025. IndiaMART InterMESH Ltd will declare a special dividend of ₹ 20 per share on Friday, 6 June 2025. JSW Energy Ltd will declare a final dividend of ₹ 2 per share on Friday, 6 June 2025. Dr. Lal PathLabs Ltd will declare a final dividend of ₹ 6 per share on Friday, 6 June 2025. L&T Technology Services Ltd will declare a final dividend of ₹ 38 per share on Friday, 6 June 2025. Maithan Alloys Ltd will declare an interim dividend of ₹ 7 per share on Friday, 6 June 2025. Nicco Parks & Resorts Ltd will declare an interim dividend of ₹ 0.4 per share on Friday, 6 June 2025. QGO Finance Ltd will declare an interim dividend of ₹ 0.15 per share on Friday, 6 June 2025. TAAL Enterprises Ltd will declare an interim dividend of ₹ 30 per share on Friday, 6 June 2025. Tata Steel Ltd will declare a final dividend of ₹ 3.6 per share on Friday, 6 June 2025. Technocraft Industries (India) Ltd will declare a final dividend of ₹ 20 per share on Friday, 6 June 2025. Toss The Coin Ltd will declare a final dividend of ₹ 0.5 per share on Friday, 6 June 2025. Shalibhadra Finance Ltd declared a bonus issue of shares at a ratio of 3:1. Shares will trade ex-bonus on Wednesday, 4 June 2025. Shilchar Technologies Ltd declared a bonus issue of shares at a ratio of 1:2. Shares will trade ex-bonus on Friday, 6 June 2025. A bonus issue is a corporate action that allows existing shareholders to subscribe for additional shares. Instead of increasing the dividend payout, companies offer to distribute additional shares to the shareholders. For example, the company may give out one bonus share for every ten shares held. Coforge Ltd will undergo a stock split from ₹ 10 to ₹ 2. Shares will trade ex-split on Wednesday, 4 June 2025. A stock split is a corporate action that occurs when a company issues additional shares to shareholders to boost liquidity. The total number of shares issued is increased by a specified ratio based on previously held shares. However, if the number of shares outstanding increases by a specific multiple, the total value (in rupees) of all shares outstanding remains the same because a split does not change the company's value. Most common split ratios are 2-for-1 or 3-for-1 (marked as 2:1 or 3:1). For every share held before the split, each stockholder will have two or three shares, respectively, after the split. Cube Highways Trust: Income Distribution (InvIT) on Monday, 2 June 2025. National Highways Infra Trust: Income Distribution (InvIT) on Monday, 2 June 2025. Capital Infra Trust: Income Distribution (InvIT) on Tuesday, 3 June 2025. Rajnish Wellness Ltd: Right Issue of Equity Shares on Tuesday, 3 June 2025. Franklin Industries Ltd: Right Issue of Equity Shares on Wednesday, 4 June 2025. SIS Ltd: Buyback of shares on Friday, 6 June 2025. Som Datt Finance Corporation Ltd: Right Issue of Equity Shares on Friday, 6 June 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Hans India
2 days ago
- Business
- Hans India
Govt to get extra headroom to spend on defence due to strong fiscal position: Report
New Delhi: With the strong emerging fiscal position in 2025-26, the government is likely to have some additional headroom to meet unforeseen expenditure on account of defence, according to a Bank of Baroda report released on Saturday. The observation assumes importance in the backdrop of the tensions with Pakistan following the Pahalgam terror attack and Operation Sindoor. In its outlook for FY26, the report points out that the government has budgeted a fiscal deficit of 4.4 per cent of GDP, assuming 10.1 per cent growth in nominal GDP. 'We expect this growth to be around 11 per cent, as we believe real GDP will range between 6.4-6.6 per cent this year,' the report states. This is expected to provide additional fiscal space to the government. 'Given that the government is off to a speedy start in FY26, with April 2025 data showing that revenue receipts are already at 7.5 per cent of the budgeted target versus at 6.8 per cent of target achieved last year during the same period, we expect the government to meet its revenue targets this year. The income tax cut will also give a boost to consumption, which in turn will support indirect tax receipts,' the report states. On the spending front, keeping up with past trends, the government has begun front loading of expenditure from Q1 itself, with capex in April already at 14.3 per cent of FY26 budget estimate versus 8.9 per cent last year during the same period, the report further states. Despite this, the fiscal deficit is still only at 11.9 per cent of FY26 budget estimate versus 13 per cent last year which indicates that the government will be able to meet its fiscal deficit target in the current financial year, the report added. The report also points out that the Centre's fiscal deficit was at 4.8 per cent in the financial year 2024-25, in line with the government's revised projections. Better than expected growth in nominal GDP (9.8 per cent as per provisional estimate versus 7.6 per cent as per FY25 revised estimate), and some trimming in expenditure helped the government achieve this target. Revenue growth noted some moderation, mainly led by revenue receipts. Within revenue receipts, income tax and GST collections registered some shortfall. Corporate tax collections and non-tax revenue growth outperformed FY25 revised estimate targets. On the spending front, while capital expenditure surpassed its revised budgetary FY25 target, revenue expenditure witnessed some shortfall. This was not on account of subsidies, as both food and fertilizer subsidies fell in line with budgeted projections, the report added. Major ministries which registered higher than budgeted spending included: consumer and food affair, road & transport, rural development, home affairs and renewable energy.
The Hindu
3 days ago
- Business
- The Hindu
BoB signs MoU with T.N. Govt. for salary accounts
Bank of Baroda (BoB) said it has entered into a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to offer a customised salary account package for employees of the State Government, including employees of the Police, Forest, Fire & Rescue Departments. The newly-introduced salary-account package comes with comprehensive insurance coverage at zero cost to the employees, making it one of the 'most attractive offerings in the banking sector.' T. N. Suresh, General Manager & Zonal Head - Chennai Zone, Bank of Baroda said, 'This collaboration will extend financial and insurance benefits to the employees of the State government, thereby supporting their financial aspirations and well-being.' 'This package has been thoughtfully designed to provide extensive insurance cover to employees along with various other benefits like concessional interest rates with waiver in processing charges on Retail loans,' he said. Bank of Baroda's customised Salary Account for Tamil Nadu State Government employees comes with complimentary insurance benefits like Personal Accident Insurance with maximum coverage of ₹1.55 crore, Term Life Insurance coverage of ₹15 lakh, Permanent Total Disability Cover of up to ₹1 crore & Hospicash Facility of Rs. 2,000 per day for daily hospitalisation.
