Senior officials from the Department of Financial Services, including Secretary M Nagaraju and Joint Secretary Ashish Madhaorao More, along with the Bank’s executive directors, were present at the meeting.
For FY25, Bank of Baroda posted a record standalone net profit of ₹19,581 crore, marking a 10.1% year-on-year increase. The bank declared a dividend of ₹8.35 per share, or 418% of the face value.
Bank of Baroda is majority-owned by the Government of India, holding a 63.97% stake, and serves over 165 million customers globally.
In a separate development, Bank of Baroda has launched the bob Flexi Systematic Deposit Plan (bob Flexi SDP), a new recurring deposit product that allows customers to increase their monthly contributions.
The plan is designed to offer flexibility along with assured returns.
The bob Flexi SDP allows customers to raise their monthly deposit by up to 10 times their base instalment, with a cap of ₹1 lakh per month. The minimum monthly contribution starts at ₹500, and additional deposits can be made in multiples of ₹100.
