Tag: Debadatta Chand

Finance

Bank of Baroda Wins First Prize in Rajbhasha Kirti Puraskar for Excellence in Official Language Use

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Written by Intern Queeny George M.H, Team Allycaral

Bank of Baroda, one of India’s foremost public sector banks, has been honoured with the First Prize under the Government of India’s prestigious Rajbhasha Kirti Puraskar scheme for the year 2024–2025. This award recognises the bank’s exceptional contribution to the promotion and effective use of Hindi as the official language across its services and operations.

The award ceremony took place on 14 September 2025, during the Hindi Day celebration and the Fifth All India Official Language Conference held at the Mahatma Mandir Convention and Exhibition Centre, Gandhinagar. The honour was conferred by the Hon’ble Union Minister of Home Affairs and Cooperation, Shri Amit Shah.

Accepting the award on behalf of the bank was Dr. Debadatta Chand, Managing Director and CEO of Bank of Baroda. He was accompanied by Executive Director Ms. Beena Vaheed and Mr. Sanjay Singh, Head of Official Language and Parliamentary Committee.

Speaking on the occasion, Dr. Chand expressed the bank’s commitment to inclusivity through language. “This award reflects the bank’s sensitivity towards its millions of customers who interact in Hindi and other Indian languages and feel more comfortable availing banking services in their native languages,” he said.

Bank of Baroda has significantly expanded its multilingual capabilities across its digital platforms, including its flagship mobile banking app BoB World and WhatsApp Banking services. The bank also ensures that transaction-related SMS, chatbot conversations, and customer support are accessible in Indian languages, fostering a more inclusive and user-friendly banking environment.

The Rajbhasha Kirti Puraskar is one of the highest honours awarded by the Government of India to institutions for outstanding performance in implementing the official language policy. This recognition positions Bank of Baroda not only as a leader in banking services but also as a pioneer in promoting linguistic inclusion in the financial sector.

With this award, Bank of Baroda reinforces its commitment to enhancing customer experience by speaking the language of its people – both literally and technologically.

Business

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.