AGM sentenced 1 Year Jail for irregularities in Loan Sanction and Disbursement

In a 2008 loan fraud case involving Vijaya Bank and Roshan Electrical Pvt Ltd, a special CBI court has rendered its decision. On April 1, 2019, Vijaya Bank, a PSU bank with its headquarters in Bangalore, Karnataka, India, merged with Bank of Baroda. Anitha Mathias, a director of the company, was found guilty by the court of actively managing the company and being personally involved in the fraudulent operations. She was sentenced to three years in prison and fined Rs 1 crore.

The Assistant General Manager of Vijaya Bank's Goregaon branch, Shridhar Shetty, was also convicted by the court of conspiring to commit fraud. He was fined Rs 50,000 and given a one-year prison sentence. However, due to a lack of evidence, the court cleared Mahesh Kotian, the manager of Bharat Cooperative Bank, and closed the case against Maxima Mathias, Anitha's husband, who died during the trial. 

 The matter started when an anonymous allegation prompted Vijaya Bank to launch an internal investigation. Roshan Electrical has long-standing accounts with Bharat Cooperative Bank and had a cash credit limit of Rs 12 crore, according to the CBI's Economic Offences Wing.

Despite concerns, Shetty sanctioned Rs 20 crore as cash credit and Rs 10 lakh as bank guarantee, supported by a confidential report from Bharat Cooperative Bank that failed to mention key details such as four sister concerns of the firm and multiple dishonoured cheques. Investigators claimed that Shetty released Rs 21 crore—far more than the approved takeover amount of Rs 13.02 crore—without ensuring the transfer of a Rs 3 crore term deposit that was supposed to serve as security.

During the trial, both Anitha and Shetty argued that they were wrongly implicated, but the court rejected their claims. It held that Anitha was actively involved in the company’s operations and that Shetty knowingly violated procedures, making him part of the conspiracy. The court also observed that although the CBI did not fully investigate Kotian’s alleged role in suppressing facts, there was insufficient evidence to convict him. The verdict highlights serious procedural lapses and underscores the court’s intent to send a strong message against financial fraud and misuse of banking systems.

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Bank of Baroda(BoB) Q2 profit dips 8%

Public sector lender Bank of Baroda’s (BoB’s) net profit declined by 8.2 per cent year-on-year (Y-o-Y) basis to ₹4,809 crore in the second quarter of financial year 2026 (Q2FY26) amid drop in non-interest income, especially recoveries. It had booked gains for one-off recovery from the corporate account in the year ago quarter (Q2FY25).

 

Bank announced the results after the close of market trading hours. Its shares ended 2.05 per cent higher, closing at ₹278.30 per share on the BSE.

 

The lender’s net interest income (NII) rose by 2.7 per cent to ₹11,954 crore in Q2FY26, compared to ₹11,637 crore in the same quarter ended September 2024 (Q2FY25). Net interest margin (NIM) declined by 15 basis points to 2.96 per cent in Q2FY26 from 3.11 per cent a year ago. However, sequentially, NIM improved from 2.91 per cent in the quarter ended June 2025 (Q1Fy26).

D Chand, managing director and chief executive officer, BoB, said NIM is expected to be range bound in the third quarter and pick-up in the fourth. Bank has guided for NIM to be in 2.85-3.0 range for FY26.

 

The bank’s non-interest income, comprising treasury, fees, commissions, recoveries etc., fell by 32.0 per cent Y-o-Y to ₹3,515 crore in Q2FY26. There was a sharp decline in recoveries from written-off accounts to ₹493 crore in Q2FY26 crore from ₹ 2,525 crore a year ago.

 

Going forward, the recoveries would be about ₹750 crore and treasury income would be ₹1,000-1,200 crore in a quarter, Chand said in virtual media interaction after results.

The provisions for non-performing assets (NPAs) declined sharply to ₹883 crore in Q2FY26, down from ₹1,733 crore a year ago. Bank has made floating provision of ₹400 crore as preparation for shifting to Expected Credit Loss (ECL) regime from April 2027, he said. The tally of floating provisions is now ₹1,000 crore, according to the financial results statement for Q2FY26.

 

BoB’s advances grew 11.9 per cent Y-o-Y to ₹12.78 trillion in Q2FY26. Its retail advances grew by 17.6 per cent Y-o-Y. However, the corporate loan book expanded by just 3 per cent.

 

Chand said the credit growth is expected to be 11-13 per cent in FY26.

The GST reforms has created robust demand for loans in the retail segment including auto and book would grow at 18-20 per cent. The corporate loan book is expected to expand at 10-11 per cent on the back of a sanctioned credit pipeline of ₹40,000 crore and ₹25,000 crore under discussion.

 

Total deposits grew by 9.3 per cent Y-o-Y to ₹15 trillion. The share of low-cost deposits -- current accounts and savings accounts (CASA)-- declined to 38.42 per cent at the end of September 2025, down from 39.52 per cent a year ago.

The bank’s asset quality improved, with gross NPAs declining to 2.16 per cent in September 2025 from 2.50 per cent in September 2024. Net NPAs also declined to 0.57 per cent in September 2025 from 0.60 per cent in September 2024. The provision coverage ratio (PCR), including written-off accounts, stood at 93.21 per cent in September 2025 from 93.61 per cent a year ago.

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Bank of Baroda(BoB) Officer Dies by Suicide in Ranchi

The banking industry has been rocked by the death of a young Bank of Baroda staffer in Ranchi, which has also sparked new worries about occupational stress in the public sector. On September 20, Mr. Ishwar Chander Jha, a 37-year-old Senior Manager (Credit) assigned to the Ranchi Region under the Bhubaneswar Zone, is said to have committed himself.

According to the All India Bank of Baroda Officers' Association (AIBOBOA), the incident was directly caused by excessive work stress and a breach of internal policies. The association wrote a forceful letter to Shri Debadatta Chand, the bank's managing director and chief executive officer, expressing "deep regret and anguish" over the events that led to Mr. Jha's passing.

Late-Night Meeting Cited as Trigger

The union claims that on September 19, Mr. Jha and his Chief Manager were called to the Regional Office for a review meeting that lasted until ten o'clock at night.  According to the group, this was blatantly against Corporate Office directives, which explicitly prohibit such gatherings outside of the 4–6 p.m. time window.

 According to the union's letter, "these directives were issued specifically to prevent officers from being overburdened and to ensure a healthy work-life balance."  "Yet, without fear of accountability, some Regional Heads and DRMs continue to ignore the advisory and subject officers to lengthy late-evening meetings."

This is not the first such incident in the bank. The association reminded the management that a similar tragedy occurred in Pune zone in July 2025, prompting the Corporate Office to form a committee on officers’ work-life balance.

Following that incident, specific guidelines had been circulated across zones and regions. These included:

• Meetings with branches must be confined to 4 p.m.–6 p.m.
• The number of official campaigns must be restricted to 3–4 at a time
• Misbehavior and harassment of staff were designated as “Zero Tolerance” issues

Despite these clear instructions, the union alleged, violations remain rampant, putting officers under unbearable stress.

Demand for Accountability

The AIBOBOA has demanded that responsibility be fixed in Mr. Jha’s case and that corrective steps be taken immediately.

“We earnestly request that accountability be fixed in this particular case for defiance of Corporate Office guidelines and that necessary steps be reinforced across the organization to ensure strict adherence,” wrote Prem Kumar Makker, General Secretary of the association.

As the news of Mr. Jha’s death spreads, employees across the bank are said to be under “tremendous psychological pressure,” with growing demands for reforms in workload distribution, meeting practices, and managerial accountability.

The ball is now in the bank management’s court to respond to the union’s concerns and reassure its staff.

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After BOB, This PSU Bank orders Staff to work on Sunday

Bank of Baroda has issued a circular directing employees to open branches on Sunday, August 3, 2025. After Bank of Baroda employees protested, another bank ordered them to open branches on August 3, 2025. 

 A directive issued by Union Bank of India directs employees to open branches on Sunday, August 3, 2025. Union Bank stated that the 20th installment under Pradhan Mantri Kisan Samman Nidhi is to be released from July 29 (Thursday) to August 3 (Sunday) in accordance with the communication received from the Ministry of Agriculture & Farmers Welfare, Government of India, via their letter D.O. No 9.3/2025-FWS-Part (4) dated July 29, 2025.

On Saturday, August 2, 2025, the Hon. Prime Minister of India has agreed to release the twentieth installment to the qualified PM KISAN Farmers. 

 The Ministry of Finance's Department of Financial Services has instructed the banks to maintain their branches open from July 29 to August 2, 2025, as well as on Sunday, August 3, 2025, to allow beneficiaries to be paid on the due date. 

 Through the aforementioned letter, the Ministry of Agriculture and Farmers Welfare and the Department of Agriculture & Farmers Welfare have communicated that the RBI's NEFT/RTGS platform will be operational on Sunday, August 3, 2025, to enable fund transfers from Accredited Bank to Sponsor Banks and fund settlements within Banks.

In view of the above directions, the Union Bank has released instructed that all the Branches to be kept open for public on 3rd August 2025 (Sunday).

While keeping the Branches open Regional Offices should ensure that sufficient number of staff is present in the Branches and take prior permission from DIT for SOL opening on that day.

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Bank of Baroda(BoB) Specialist Officers (SO) Recruitment 2025 Notification

Bank of Baroda(BoB) has announced the recruitment of 330 Specialist Officers (SO) on a fixed-term contractual basis in various departments such as Digital Banking, MSME, Risk Management, and Cyber Security.

Bank of Baroda(BoB) SO Recruitment 2025 Overview

Organization	Bank of Baroda(BoB)
Post Name	Specialist Officer (SO)
Vacancies	330
Job Type	Contractual (5 years, extendable)
Last Date to Apply	19 August 2025
Mode of Application	Online
Official Website	www.bankofbaroda.in

Bank of Baroda SO Recruitment 2025 Important Dates

• Online Application Start Date: 30 July 2025
• Last Date to Apply: 19 August 2025 (till 11:59 PM)
• Pay Exam Fee Last Date: 19 August 2025

Bank of Baroda SO Recruitment 2025 Educational Qualifications

Post Name	Qualification
Specialist Officer (SO)	Degree in relevant field with required experience

Bank of Baroda SO Recruitment 2025 Vacancy Details

Post Name	Vacancies
Specialist Officer (SO)	330

Bank of Baroda SO Recruitment 2025 Notification & Apply Online Link

Notification PDF	Click Here
Apply Online	Click Here

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Bank of Baroda(BoB) Q1 Results: Net profit rises 1.8% YoY

Public sector lender Bank of Baroda (BoB) announced its earnings for the April-June quarter of the fiscal year 2025-26 on Friday, July 25. The bank reported a 1.8 per cent year-on-year (YoY) rise in its standalone net profit for Q1FY26, at ₹4,541.3 crore compared to ₹4,458 crore in the same period last year.

In the first quarter of the fiscal year that concluded in 2025–2026, the total interest income increased 4.9% to ₹31,091 crore from ₹29,628 crore in the same time the year before. 

 In the June quarter, the bank's net interest income (NII) dropped from ₹11,600 crore to ₹11,435 crore, a decrease of around 1.4% year over year. The bank reported that the domestic net interest margin (NIM) for the reviewed quarter was 3.06 percent, while the global NIM was 2.91 percent. 

According to the exchange statement, Bank of Baroda's gross non-performing assets (NPAs) for the first quarter of the 2026 fiscal year were 2.28 percent, down from 2.88 percent in the same quarter of the previous fiscal year.

Compared to 0.69 percent in the same quarter of the prior fiscal year, the bank's net non-performing assets (NPA) for the April–June quarter of FY26 were 0.6%. A crucial financial indicator used to assess a bank's capital in relation to its risk-weighted assets, the capital adequacy ratio, increased from 16.82 percent to 17.61 percent.

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Bank of Baroda(BoB) released new vacancy for Various Posts

 

Bank of Baroda has released new vacancy for recruitment of candidates to various posts. All details such as eligibility, age limit, etc. are given below.

Important Dates

• Online Registration of Application starts from : 23.07.2025
• Last date for Submission of Application & Payment of fees: 12.08.2025

Vacancies

Post	Vacancy
Manager – Digital Product	7
Senior Manager – Digital Product	6
Fire Safety Officer	14
Manager – Information Security	4
Senior Manager – Information Security	4
Chief Manager – Information Security	2
Manager – Storage Administrator and Backup	2
Senior Manager – Storage Administrator and Backup	2

Post and Scale

Post	Scale
Manager – Digital Product	Scale II
Senior Manager – Digital Product	Scale III
Fire Safety Officer	Scale I
Manager – Information Security	Scale II
Senior Manager – Information Security	Scale III
Chief Manager – Information Security	Scale IV
Manager – Storage Administrator and Backup	Scale II
Senior Manager – Storage Administrator and Backup	Scale III

Age Limit

Post	Age Limit
Manager – Digital Product	Min.: 24 Max.: 34
Senior Manager – Digital Product	Min.: 27 Max.: 37
Fire Safety Officer	Min.: 22 Max.: 35
Manager – Information Security	Min.: 24 Max.: 34
Senior Manager – Information Security	Min.: 27 Max.: 37
Chief Manager – Information Security	Min.: 30 Max.: 40
Manager – Storage Administrator and Backup	Min.: 24 Max.: 34
Senior Manager – Storage Administrator and Backup	Min.: 27 Max.: 37

Click here for Notification

• Download Notification PDF
• Apply Online

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Bank of Baroda Chief Manager Dies by Suicide Due to Work Pressure

 A horrible event occurred in Baramati, Pune, where 52-year-old Shivshankar Mitra, the branch manager of Bank of Baroda, committed suicide. At the Bank of Baroda branch on Bhigwan Road, he served as the Chief Manager. 

 Finally, the suicide note is delivered. To view the suicide note, please scroll down. The event took place on Thursday, July 17, late at night. Inside the bank's grounds, Shivshankar Mitra was discovered dead. He had gone so far as to hang himself from the limb itself. He was originally from Uttar Pradesh.

Shivshankar Mitra left behind a devastating letter outlining his reasoning for taking his own life. He wrote that the bank was putting a lot of pressure on him. 

 Five days prior, he had submitted a voluntary retirement request, citing his inability to cope with the mounting pressure and workload. However, it is thought that he felt helpless and took this extreme action because senior officials failed to respond. 

 He stated unequivocally in his letter:

“I, Shivshankar Mitra, Chief Manager, Bank of Baroda, Baramati, am committing suicide due to the additional pressure from the bank. Please do not put such pressure on other staff members. Everyone is doing their job with full dedication.”

He also expressed a noble wish — that his eyes be donated, if possible.

In his note, he also made it apparent that no one in his family was accountable and that he was acting alone and rationally. He requested that no one be held responsible for anything other than the stress he was experiencing at work. 

 He sent the following in a heartfelt letter to his family: 

“Priya, forgive me. Mahi, forgive me.”

(These are believed to be his wife and daughter.)

The cause of death has not yet been formally established by the authorities. Nonetheless, the circumstances and the note's contents suggest that work strain is the primary cause. This incident emphasizes how banking workers are experiencing increasing levels of mental stress and how their wellbeing needs to be given careful consideration.

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