Tag: Bank of Baroda

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Bank of Baroda Presents ₹2,762 Crore Dividend to Finance Minister for FY 2024–25

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Mumbai / New Delhi | June 25, 2025 – In a significant demonstration of robust financial performance and its ongoing contribution to the national economy, Bank of Baroda (BoB), one of India’s largest public sector banks, presented a dividend cheque of ₹2,762 crore for the financial year 2024–25 to the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, on Tuesday.

The cheque was formally handed over by Shri Debadatta Chand, Managing Director & CEO of Bank of Baroda, at the Finance Minister’s office in North Block, New Delhi. The occasion was graced by senior officials including Shri M. Nagaraju, Secretary, Department of Financial Services (DFS); Shri Ashish Madhaorao More, Joint Secretary, DFS; and the Bank’s Executive Directors Shri Lalit Tyagi, Shri Sanjay Mudaliar, Shri Lal Singh, and Smt. Beena Vaheed.

Reflecting Strong Financial Performance

The dividend payout for FY 2024–25 underscores the bank’s record-breaking standalone net profit of ₹19,581 crore, marking a 10.1% year-on-year growth—the highest ever in its history. Bank of Baroda declared a dividend of ₹8.35 per equity share, translating to 418% of the face value of ₹2 per share.

This impressive performance is attributed to the bank’s disciplined strategy, prudent risk management, digital transformation, and customer-centric innovations. The bank has consistently maintained its position as one of India’s leading financial institutions both in terms of profitability and outreach.

A Symbol of Stakeholder Value

The dividend presentation reflects BoB’s continued commitment to shareholder value, national growth, and the economic stability of India. The payout also contributes to government revenues, considering the significant shareholding the Government of India holds in the bank.

Speaking on the occasion, top bank executives emphasized that this achievement is a result of dedicated efforts across the organization—from strategic leadership to frontline execution—and reaffirmed their focus on inclusive and sustainable growth.

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Bank of Baroda recognizes Arjuna Award Recipient Pranav Soorma for His Sporting Achievements

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Mumbai, 4th February, 2025: Bank of Baroda (Bank), one of India’s leading public sector banks, recognised Mr. Pranav Soorma, an Officer of the Bank and recipient of the prestigious Arjuna Award 2024.

At the Paris Paralympic Games 2024, Mr. Soorma won a Silver Medal for India in the Men’s F51 Club Throw event. He was presented with the Arjuna Award 2024 on January 17, 2025 for his outstanding achievements in Para Athletics and for bringing glory to the nation.

Shri Debadatta Chand, Managing Director & CEO, Bank of Baroda said, “Pranav’s remarkable accomplishments are a result of his relentless dedication and perseverance, and as an organisation we stand by him as he continues to make the country proud. Our sports quota initiative is designed to support and empower talented individuals by providing them with the necessary institutional backing to excel in their chosen field. We remain committed to fostering a culture that nurtures talented sportspeople like Pranav and encourages excellence in all spheres of life.”

Shri Chand honoured Mr. Soorma in recognition of his accomplishments by granting an out of turn promotion as Manager, a cash reward of Rupees Ten Lakh and acknowledging as a ‘Sportsperson’ within the Bank.

About Bank of Baroda
Founded on 20th July, 1908 by Sir Maharaja Sayajirao Gaekwad III, Bank of Baroda is one of the leading commercial banks in India. At 63.97% stake, it is majorly owned by the Government of India. The Bank serves its global customer base of ~165 million through over 70,000 touch points spread across 17 countries in five continents and through its various digital banking platforms, which provide all banking products and services in a seamless and hassle-free manner. The Bank’s vision matches the aspirations of its diverse clientele base and seeks to instil a sense of trust and security in all their dealings with the Bank.