Tag Archives: Baroda

How misadventures of Bank of Baroda dragged it into South Africa’s political crisis

The Bank of Baroda headquarters is pictured in Mumbai.(Reuters File) In June 2017, an anodyne footnote to the Bank of Baroda’s (BoB) quarterly results mentioned a fine levied by the South African Reserve Bank (SARB), headquartered in Pretoria. The sum — Rs 5.45 crore — was insignificant for an institution the size of BoB. No further details were given; the ... Read More »

Bank of Baroda is said to be probed in South Africa over Guptas

Bank of Baroda, which is the only lender in South Africa still offering services to companies linked to the Guptas, is seeking a court order that will allow it to close the accounts. Photo: Mint Johannesburg: India’s Bank of Baroda is being investigated by South Africa’s central bank over money held for companies controlled by the politically connected Gupta family, according ... Read More »