Bank of Baroda

Global Car Loan Industry Report 2023-2028: Tech-Driven Transformations to the Fore - How Car Loan Providers Adapt to the Digital Age

Retrieved on: 
Friday, September 22, 2023
NBFC and MFI in India, Blockchain, Original equipment manufacturer, RAV4, Ford F-Series, Equated monthly installment, Toyota Camry, Ford, Silverado, EMIS, Toyota, Maruti, CNBC, Documentation, Volkswagen, BMW, Car, Chevrolet, Originality, Artificial intelligence, Bank of Baroda, City, Bank, Credit, Automotive industry, Real estate

According to a 2022 CNBC report, inflation has impacted household budgets, resulting in some American households grappling with their monthly car loan obligations.

Key Points: 
  • According to a 2022 CNBC report, inflation has impacted household budgets, resulting in some American households grappling with their monthly car loan obligations.
  • Consequently, customers can effortlessly secure car loans, thus propelling the expansion of the global car loan market.
  • Lenders are now providing flexible loan tenures and competitive interest rates, rendering car ownership more attainable and expanding the car loan market.
  • Consequently, the demand for car loans to facilitate luxury car acquisitions is projected to drive the car loan market in the forecast period.

Unified Payments Interface (UPI) market size in India to grow by USD 65.49 trillion from 2021 to 2026: Instant and smooth money transfer process will drive growth - Technavio

Retrieved on: 
Tuesday, August 8, 2023
Amazon (company), South Indian Bank, PhonePe, ICICI Bank, State Bank of India, Central bank, Apple Inc., Reliance Industries, Yes Bank, HDFC Bank, Axis Bank, UPI, USD, Federal Trade Commission v. Meta Platforms, Inc., IMPS, Holiday, SMSS, Paytm, Central Bank of India, State bank, Union Bank of India, Bank of Baroda, Growth, Alphabet Inc., Bank, Union Bank, Walmart, Mobile phone, Online shopping

NEW YORK, Aug. 8, 2023 /PRNewswire/ -- The unified payments interface (UPI) market in India size is estimated to grow by USD 65.49 trillion from 2021 to 2026 at a CAGR of 132.98% according to Technavio.

Key Points: 
  • NEW YORK, Aug. 8, 2023 /PRNewswire/ -- The unified payments interface (UPI) market in India size is estimated to grow by USD 65.49 trillion from 2021 to 2026 at a CAGR of 132.98% according to Technavio.
  • Hence, such factors are expected to drive the growth of the UPI market in India during the forecast period.
  • The growing emergence of mobile apps for shopping transactions is an emerging UPI market trend in India.
  • The unified payments interface (UPI) market in India report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

MSCI Equity Indexes February 2023 Index Review

Retrieved on: 
Thursday, February 9, 2023
Asset Management, Professional Services, Finance, WITH, NYSE, ETF, EXPRESS, Reliance Steel & Aluminum Co., Person, Privacy, Name, Investment Advisers Act of 1940, S&P Global, Syneos Health, Palantir Technologies, AND, Global Industry Classification Standard, Software, Bank of Baroda, ESG, Risk, USE, Marketing, ANY, Research, Cloudflare, GCC, Human, RESULTS, Personal injury, ENI, Hainan Airlines, Bank, IMI, IPD, EACH, Segment, GICS, RiskMetrics, Infineon Technologies, Judgement, Mitsubishi Corporation, Information, Death, RESPECT, Cryptocurrency, Life insurance, Risk management, Financial adviser, Atlassian, MSCI, GIF, Vif, Index

MSCI Inc. (NYSE:MSCI), a leading provider of critical decision support tools and services for the global investment community, announced the results of the February 2023 Index Review for the MSCI Equity Indexes - including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Global Value and Growth Indexes, the MSCI Frontier Markets, and MSCI Frontier Markets Small Cap Indexes, the MSCI Global Islamic and MSCI Global Islamic Small Cap Indexes, the MSCI US Equity Indexes, the MSCI US REIT Index, the MSCI China A Onshore indexes and the MSCI China All Shares Indexes.

Key Points: 
  • MSCI Inc. (NYSE:MSCI), a leading provider of critical decision support tools and services for the global investment community, announced the results of the February 2023 Index Review for the MSCI Equity Indexes - including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Global Value and Growth Indexes, the MSCI Frontier Markets, and MSCI Frontier Markets Small Cap Indexes, the MSCI Global Islamic and MSCI Global Islamic Small Cap Indexes, the MSCI US Equity Indexes, the MSCI US REIT Index, the MSCI China A Onshore indexes and the MSCI China All Shares Indexes.
  • As previously announced, the MSCI Global Investable Market Indexes will transition to a Quarterly Comprehensive Index Review (QCIR) schedule starting from the February 2023 Index Review.
  • In light of currently observed market accessibility issues, MSCI will not implement changes as part of this Index Review for any securities classified in Bangladesh, Kenya, Nigeria, or Sri Lanka for the MSCI Bangladesh, MSCI Kenya, MSCI Nigeria, and MSCI Sri Lanka Indexes or impacted composite indexes.
  • Accordingly, constituents in MSCI equity indexes may include MSCI Inc., clients of MSCI or suppliers to MSCI.

BoB Financial and Snapdeal Launch Co-Branded JCB RuPay Contactless Credit Card

Retrieved on: 
Friday, September 2, 2022
COO, Partnership, JCB Co., Ltd., JCB, Technology, CEO, NPCI, City, RuPay, Credit card, ATM, BOB, EMI, INR, National Payments Corporation of India, B.o.B, Bank of Baroda, MD, Company, Bharat, Bank, Acquisition, Adoption, Travel, Online shopping, Snapdeal

MUMBAI, INDIA, Sept 2, 2022 - (ACN Newswire) - BOB Financial Solutions Limited (BFSL), the wholly-owned subsidiary of Bank of Baroda (BoB) and Snapdeal in partnership with National Payments Corporation of India (NPCI) and JCB International Co. Ltd. have announced the launch of the Snapdeal BoB JCB RuPay Credit Card.

Key Points: 
  • MUMBAI, INDIA, Sept 2, 2022 - (ACN Newswire) - BOB Financial Solutions Limited (BFSL), the wholly-owned subsidiary of Bank of Baroda (BoB) and Snapdeal in partnership with National Payments Corporation of India (NPCI) and JCB International Co. Ltd. have announced the launch of the Snapdeal BoB JCB RuPay Credit Card.
  • Activation of the co-branded credit card within 30 days of issuance will entitle the cardholder to shopping benefits on Snapdeal worth up to INR 500.
  • Ms. Praveena Rai, COO, NPCI said, "We are happy to associate with BOB Financial and Snapdeal for the launch of the distinctive co-branded JCB RuPay Contactless Credit Card.
  • A pioneer in the space of credit cards, BOB Financial offers an array of products catering to all segments of customers.

JCB launches the IRCTC BoB RuPay JCB Credit Card

Retrieved on: 
Thursday, March 3, 2022
BOB, Indian Railway Catering and Tourism Corporation, IRCTC, National Payments Corporation of India, Travel, Bank, Association, JCB, COO, Bank of Baroda, NPCI, Credit card, B.o.B, Tourism, ATM, Online shopping

TOKYO & MUMBAI, Mar 3, 2022 - (JCN Newswire) - JCB International Co., Ltd. along with National Payments Corporation of India (NPCI) in association with BOB Financial Solutions Limited (BFSL), a wholly-owned subsidiary of Bank of Baroda (BoB) and Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) have joined hands to launch the IRCTC BoB RuPay JCB Credit Card.

Key Points: 
  • TOKYO & MUMBAI, Mar 3, 2022 - (JCN Newswire) - JCB International Co., Ltd. along with National Payments Corporation of India (NPCI) in association with BOB Financial Solutions Limited (BFSL), a wholly-owned subsidiary of Bank of Baroda (BoB) and Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) have joined hands to launch the IRCTC BoB RuPay JCB Credit Card.
  • This card will also be usable across merchants and ATMs globally through the JCB network.
  • JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan.
  • JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981.

Bank of Baroda Embraces Digital Innovation, Improves Customer Service with NCR ATM as a Service

Retrieved on: 
Thursday, February 3, 2022
Professional Services, Data Management, Security, Technology, Software, Finance, Banking, NCR, Restaurant, Goal, Bank of Baroda, Â, Digital technology, Technology, Partnership, Compliance, NCR Corporation, NYSE, ATM, Digital, Software, Cryptocurrency, Bank

Bank of Baroda, one of Indias largest banks, was looking to quickly increase efficiencies, implement the latest digital technology and deliver a more connected customer experience.

Key Points: 
  • Bank of Baroda, one of Indias largest banks, was looking to quickly increase efficiencies, implement the latest digital technology and deliver a more connected customer experience.
  • With NCR ATM as a Service, Bank of Baroda will transfer management of its self-service channel, including compliance, security and software updates, to NCR.
  • We are a bank that prioritizes digital innovation and leveraging leading technology to facilitate superior customer experiences, which is why we have decided to partner with NCR, said Mr. Akhil Handa, Chief Digital Officer for Bank of Baroda.
  • Bank of Barodas partnership with NCR will enable the delivery of a more modern ATM experience and deliver on its customers' expectations.

BOB Financial, NPCI and JCB partner to launch Bank of Baroda Credit Cards on RuPay platform

Retrieved on: 
Monday, November 29, 2021
Credit card, EMI, Adoption, API, CEO, National Payments Corporation of India, Bank, Company, Partnership, B.o.B, MD, COO, City, BOB, Bank of Baroda, Easy, LTF, JCB, Calendar, NPCI, TOKYO, Travel, Loyalty, Online shopping, Amusement arcade

Talking about the launch, Mr. Shailendra Singh, MD & CEO, BOB Financial Solutions Limited said, "We are happy to partner with NPCI for launching BoB Credit Cards on the RuPay platform.

Key Points: 
  • Talking about the launch, Mr. Shailendra Singh, MD & CEO, BOB Financial Solutions Limited said, "We are happy to partner with NPCI for launching BoB Credit Cards on the RuPay platform.
  • Both Bank of Baroda and BFSL have a strong ongoing partnership with NPCI for their other products, and the addition of BoB Credit Cards will further strengthen this partnership.
  • Commenting on the launch, Ms. Praveena Rai, COO, NPCI, said, "We are happy to collaborate with BFSL to launch the Easy and Premier contactless credit cards on the RuPay platform.
  • The Company's primary business is in credit cards with its key differentiator being simple, easy-to-understand products that are fairly priced and efficiently serviced.

Mohandas Pai, Aarin Capital Partners lead pre-Series A round in 88academics India, an 88tuition group company

Retrieved on: 
Sunday, September 26, 2021
Educational technology, Record, Review, USD, Education, Investment banking, Student, K-12, HNI, MD, Senior management, DBS Bank, TAR, CEO, Family, Bank of Baroda, VG, Association, Investment, Bank, Assessment, Tutoring, Security (finance)

88academics (India), an 88tuition (Singapore) group company, will use the funds to develop India specific content for the K-12 segment.

Key Points: 
  • 88academics (India), an 88tuition (Singapore) group company, will use the funds to develop India specific content for the K-12 segment.
  • 88tuition (Singapore) is an enterprise with a mission to "Empower every student to achieve full potential" and is expanding rapidly in Asia.
  • The financing round was led by Aarin Capital Partners, a proprietary venture fund, founded by Mr Mohandas Pai and Mr Ranjan Pai, with highly successful track records of investments and exits like BYJU'S, PharmEasy, HomeLane, Faircent, etc.
  • We are proud to have brought 88tuition, Aarin Capital Partners and our growing list of HNI investors together".

Bank of Baroda’s Credit Card Arm Readies for Digital Transformation with Implementation of Fiserv Technology

Retrieved on: 
Thursday, July 30, 2020
Professional services, Data management, Technology, Finance, Software, Banking, Payment systems, Money, Finance, Financial technology, Fiserv, Waukesha County, Wisconsin, Credit card, Bank of Baroda, Bank, BOB Financial Solutions Limited, Fiserv

BFSL is one of the earliest issuers of credit cards in India and has a reputation for delivering superior card products and services to its customers.

Key Points: 
  • BFSL is one of the earliest issuers of credit cards in India and has a reputation for delivering superior card products and services to its customers.
  • Fiserv understands our market, and we value the fact that their card processing capabilities are hosted in India.
  • It is a Non-Banking Financial Company, wholly owned by Bank of Baroda, one of the top banks of India.
  • Fiserv is a member of the S&P 500 Index and the FORTUNE 500, and is among FORTUNE Worlds Most Admired Companies.

Equifax Signs Share Purchase Agreement For Its Indian Subsidiary Leading To 100% Ownership

Retrieved on: 
Friday, January 17, 2020
CNX Nifty, Public Sector Banks in India, Companies, Credit scoring, Economy of India, Equifax, Service companies, Kotak Mahindra Bank, Kotak, Bank of Baroda, Sundaram Finance, Mahindra

ECIS is a leading Indian credit information company.

Key Points: 
  • ECIS is a leading Indian credit information company.
  • Since 2010, ECIS has operated as a joint venture between Equifax and leading Indian financial institutions, includingState Bank of India, Bank of Baroda, Bank of India, Kotak Mahindra Prime Limited, Sundaram Finance Limited and Union Bank of India.
  • "This investment represents the strong confidence that Equifax has in India's economy and ECIS's growth potential," said Mark W. Begor, Equifax CEO.
  • Over a decade of presence in India, ECIS has brought many innovations in data and analytics to the Indian lending space.