Bank of Baroda News & Updates

[Sushubh]

Drivers, hawkers & vendors made directors in BoB scam

Rasool, 40, sells vegetables on his cart in north Delhi. Last year, he became the director of a company -without even knowing it -for a remuneration of Rs 10,000 per month.
Like Rasool (name changed), 58 other people, mostly living in slums and working as rickshaw-pullers, street vendors, drivers, household workers, etc, became pseudo-entrepreneurs after they were approached by black money hoarders in what has come to be known as the Bank of Baroda money laundering scandal.
These `directors' of 59 fake companies were the most crucial cog in the Rs 6,172 crore scam.

 

[Sushubh]

India’s Bank of Baroda tampered with accounts to flog app

Second-largest gov't-owned bank linked mobile numbers of strangers to boost app registrations, compromising security.

www.aljazeera.com

 

[Sushubh]

Source

 

[Sushubh]

The Reporters' Collective | RBI turns up heat after exposé on chinks in Bank of Baroda app, audits reveal bank’s agents stole customers’ money

RBI asks Bank of Baroda to suspend registering new customers on its banking app after exposé, but cover-up afoot

www.reporters-collective.in