Tag: public sector banks

Finance

Bank of Baroda Wins Five Honours at IBA’s 21st Annual Banking Technology Awards 2025

Tanisha Cardozo

Written by Intern Rency Gomes, Team Allycaral

Bank of Baroda, one of India’s leading public sector banks, has received five awards at the Indian Banks’ Association’s 21st Annual Banking Technology Awards 2024–25, reaffirming its position as a frontrunner in technology-driven banking and innovation. The awards were announced in Mumbai on January 13, 2026.

The Bank emerged as the winner in four categories under the Large Banks segment, including Best AI and Machine Learning Adoption, Best Fintech and Digital Public Infrastructure Adoption, Best IT Risk Management, and Best Tech Talent. In addition to these category wins, Bank of Baroda also received a Special Mention in the Best Technology Bank category.

Commenting on the achievement, Debadatta Chand, Managing Director and Chief Executive Officer of Bank of Baroda, said the recognition reflects the Bank’s sustained focus on innovation, strong risk management practices, and the development of a skilled technology workforce. He noted that the Bank remains committed to investing in future-ready digital capabilities to deliver secure, seamless, and customer-centric banking experiences while creating long-term value for all stakeholders.

The awards further reinforce Bank of Baroda’s strategy of leveraging advanced digital solutions to improve operational efficiency and enhance customer service across channels. Over the years, the Bank has consistently prioritised technology-led transformation as a core pillar of its growth and service delivery model.

Founded in 1908, Bank of Baroda today serves more than 180 million customers globally through an extensive network of physical branches and digital banking platforms across multiple countries, offering a comprehensive range of banking products and financial services.

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.

Finance

Exim Bank Pays ₹325 Cr Dividend to Finance Minister Nirmala Sitharaman for FY 2024-25

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In a significant financial development, Export-Import Bank of India (EXIM Bank) has presented a dividend cheque of ₹325 crore to Smt. Nirmala Sitharaman, the Union Minister for Finance and Corporate Affairs, for the fiscal year 2024-25.

The cheque was handed over by Smt. Harsha Bangari, Managing Director of India Exim Bank, reaffirming the institution’s commitment to financial prudence, profitability, and support for India’s global trade and development finance objectives.

Strengthening India’s Financial Backbone

As a premier export credit agency, Exim Bank plays a vital role in enhancing India’s international trade competitiveness. The dividend payout is reflective of the bank’s consistent performance and its role in aiding the country’s economic diplomacy through structured finance, project exports, and development initiatives across Asia, Africa, and Latin America.

The Ministry of Finance has appreciated the continued commitment of public sector banks and financial institutions in delivering value to the nation, both in terms of financial contributions and their strategic roles in key sectors.

This substantial dividend follows Exim Bank’s broader mission of strengthening India’s external sector and enhancing the global footprint of Indian businesses.