Bank of Baroda corrects dividend payout ratio in FY26 report

1 min read Updated on 06 Jun 2026, 02:13 PM

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Anirudha BScanX News Team

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Bank of Baroda issued a corrigendum to its FY26 Annual Report, correcting the Dividend Payout Ratio to 21.96% and a provision figure to (21.05). The bank confirmed these are typographical errors with no impact on financial statements.

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Bank of Baroda has issued a corrigendum to its Annual Report for the Financial Year 2025-26, correcting specific figures disclosed in the document submitted to the stock exchanges on May 29, 2026. The bank clarified that the adjustments are typographical errors and do not affect the financial statements, performance, or other disclosures. The corrigendum was published in newspapers including Business Standard, Financial Express, and Sandesh on June 5, 2026, pursuant to SEBI (LODR) Regulations, 2015.

The first correction pertains to the Key Financial Indicators on page 188. The Dividend Payout Ratio, including Corporate Dividend Tax as on March 31, 2026, was previously stated as 22.05% and has been revised to 21.96%.

The second correction addresses the Provisions and Contingencies table on page 290. The figure for Provision towards sacrifice of interest in restructured standard and sub-standard accounts as on March 31, 2026, was updated to (21.05) from 21.05.

The revised Annual Report 2025-26 is available on the bank's website. The filing was signed by S Balakumar, Company Secretary.

Corrected Figures

Description	Previous Figure	Revised Figure
Dividend Payout Ratio (%)	22.05%	21.96%
Provision towards sacrifice of interest	21.05	(21.05)

Historical Stock Returns for Bank of Baroda

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.27%	-0.96%	+5.18%	-3.92%	+17.38%	+245.27%

Will the correction of the provision figure impact investor perception of the bank's asset quality management?

How might SEBI view the frequency of such typographical errors in future regulatory filings?

Could the revised dividend payout ratio influence shareholder expectations for the upcoming fiscal year?

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Bank of Baroda changes senior management designations

1 min read Updated on 05 Jun 2026, 04:09 PM

Reviewed by

Suketu GScanX News Team

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Bank of Baroda has reshuffled its senior management, appointing Mr. Shukla Saurabh Ravishankar as CGM, Officer On Special Duty, IT Projects, and Mr. Nema Rakesh as CGM, IT Operations, effective June 4, 2026. Mr. Singh Sanjay Kumar has been appointed as Head - Financial Inclusion & CSR. The changes were disclosed to stock exchanges under Regulation 30 of the SEBI (LODR) Regulations, 2015.

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Bank of Baroda has announced changes in its senior management personnel, including appointments and designation changes, effective June 4, 2026. The bank communicated these changes to the stock exchanges pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. The restructuring involves key roles in IT operations and financial inclusion.

Mr. Shukla Saurabh Ravishankar has been assigned the role of CGM, Officer On Special Duty, IT Projects, BCC, Mumbai. He holds a Bachelor's degree in Engineering and a Master of Science in Business Analytics, bringing over 20 years of experience within the bank to this position.

Mr. Nema Rakesh has been designated as CGM, IT Operations, Infrastructure, CBS, IT Projects, Development, CoE & IT Procurement, BCC, Mumbai. He holds a Master's degree in Science and a P G Diploma in Computer Applications, with over 25 years of experience at the bank.

Mr. Singh Sanjay Kumar has been appointed as Head - Financial Inclusion & CSR, Vadodara, Head Office. He holds a Master's degree in Arts and possesses over 28 years of experience in the bank.

Senior Management Changes

The following table details the personnel changes effective from the date of the orders:

Name	New Designation	Reason for Change	Date of Orders
Mr. Shukla Saurabh Ravishankar	CGM, Officer On Special Duty, IT Projects, BCC, Mumbai	Change in Designation	04.06.2026
Mr. Nema Rakesh	CGM, IT Operations, Infrastructure, CBS, IT Projects, Development, CoE & IT Procurement, BCC, Mumbai	Change in Designation	04.06.2026
Mr. Singh Sanjay Kumar	Head - Financial Inclusion & CSR, Vadodara, Head Office	Appointment	04.06.2026