Bank Of Baroda Issues Corrigendum On Senior Management Personnel Changes

1 min read     Updated on 04 Apr 2026, 05:46 PM
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AI Summary

Bank of Baroda has issued a regulatory corrigendum to correct an error in its previous senior management personnel disclosure. The correction specifically updates Mr. Singh Sanjay Kumar's new designation from the incorrectly announced 'Head Official Languages & Parliamentary Committees' to the correct 'DGM, Financial Inclusion & CSR', while all other details from the original April 03, 2026 intimation remain unchanged.

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Bank of Baroda has issued a corrigendum to correct its earlier disclosure regarding changes in senior management personnel. The bank communicated the correction to both BSE and NSE on April 04, 2026, under SEBI (LODR) Regulations, 2015, addressing an error in the previously announced designation change.

Corrected Management Information

The bank has issued a correction regarding Mr. Singh Sanjay Kumar's designation change, which was initially reported incorrectly in their earlier intimation dated April 03, 2026. The corrected information shows a significant change from the previously announced role.

Parameter: Incorrect Information Corrected Information
Name: Mr. Singh Sanjay Kumar Mr. Singh Sanjay Kumar
Earlier Designation: Not specified Head, Official Languages & Parliamentary Committees
Previously Announced Role: Head Official Languages & Parliamentary Committees -
Correct New Designation: - DGM, Financial Inclusion & CSR

Original Appointments Remain Unchanged

The bank confirmed that all other contents of the earlier intimation remain unchanged, indicating that Mr. Nema Rakesh's appointment as Chief General Manager (CGM), IT Operations continues as originally announced. His appointment, effective from April 02, 2026, stands without any modifications.

Parameter: Details
Name: Mr. Nema Rakesh
Designation: CGM, IT Operations
Appointment Type: New Appointment
Effective Date: April 02, 2026
Status: Unchanged from original disclosure

Regulatory Compliance and Acknowledgment

The corrigendum was issued under reference number BCC:ISD:118:16:152 dated April 04, 2026, referencing the earlier intimation numbered BCC:ISD:118:16:151 dated April 03, 2026. Company Secretary S Balakumar digitally signed the corrected disclosure document, expressing regret for the error and any inconvenience caused. The bank has requested both stock exchanges to take the corrected information on record and update their records accordingly.

Historical Stock Returns for Bank of Baroda

1 Day5 Days1 Month6 Months1 Year5 Years
-0.79%+4.08%-12.75%-3.34%+12.36%+253.74%

How might the leadership changes in IT Operations and Financial Inclusion impact Bank of Baroda's digital transformation strategy and rural banking initiatives?

Will these senior management appointments signal a shift in the bank's strategic priorities toward technology modernization and ESG compliance?

Could the correction in disclosure procedures indicate potential improvements in Bank of Baroda's corporate governance and regulatory compliance processes?

Bank of Baroda Announces Saksham Niveshak Campaign for KYC Updates and Unclaimed Dividend Claims

1 min read     Updated on 04 Apr 2026, 12:50 PM
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AI Summary

Bank of Baroda announced IEPF's 'Saksham Niveshak' campaign running from April 1 to July 9, 2026, encouraging shareholders to update KYC details and claim unclaimed dividends. The bank published multilingual notices across major newspapers on April 3, 2026, and designated KFin Technologies Limited to assist shareholders with the process to prevent dividend transfer to IEPF.

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Bank of Baroda has issued an official notice to stock exchanges regarding the Investor Education and Protection Fund Authority's initiative to help shareholders claim unclaimed dividends and update their KYC details. The bank published advertisements across multiple newspapers on April 3, 2026, informing shareholders about the comprehensive campaign.

Campaign Details and Timeline

The IEPF has launched its second 100-day campaign titled "Saksham Niveshak" specifically designed for KYC and related updates to facilitate claims of unpaid and unclaimed dividends. The campaign timeline and key information are outlined below:

Parameter Details
Campaign Duration 100 days
Start Date April 1, 2026
End Date July 9, 2026
Campaign Title Saksham Niveshak
Organizing Authority Investor Education and Protection Fund Authority (IEPF)

KYC Requirements and Shareholder Action

Shareholders who have not updated their KYC details are specifically requested to complete the process during this campaign period. The essential KYC components that require updating include:

  • PAN (Permanent Account Number)
  • Bank mandate details
  • Mobile number
  • Email ID
  • Other related documentation

The primary objective is to prevent the transfer of unclaimed dividends to the IEPF by ensuring shareholders have updated records and can successfully claim their pending dividends.

Multilingual Communication Strategy

Bank of Baroda demonstrated its commitment to reaching diverse shareholders by publishing the campaign notice in multiple languages across various newspapers on April 3, 2026:

Publication Language
Business Standard English
Indian Express English
Business Standard Hindi
Sandesh Gujarati
Punyanagari Marathi

Support and Assistance Channels

For shareholders requiring assistance with queries or lodging claims for unclaimed dividends, Bank of Baroda has designated KFin Technologies Limited as the Registrar and Transfer Agent. Shareholders can access comprehensive support through multiple channels:

Regulatory Compliance

The notice was formally communicated to both major stock exchanges as part of regulatory compliance under SEBI LODR Regulations 2015. Company Secretary S Balakumar signed the official communication dated April 4, 2026, requesting the exchanges to upload the information on their respective websites for broader shareholder awareness.

Historical Stock Returns for Bank of Baroda

1 Day5 Days1 Month6 Months1 Year5 Years
-0.79%+4.08%-12.75%-3.34%+12.36%+253.74%

Will the success of this 100-day campaign influence IEPF to make KYC update campaigns a regular annual initiative across all listed companies?

How might Bank of Baroda's dividend payout ratios be affected if a significant portion of unclaimed dividends are successfully claimed during this campaign?

Could this multilingual outreach strategy become a regulatory requirement for other public sector banks with diverse shareholder bases?

More News on Bank of Baroda

1 Year Returns:+12.36%