Thursday, January 23, 2025

Bank of Baroda Reaches Over 348,000 Farmers Nationwide Through the 7th Edition of the ‘Baroda Kisan Pakhwada’

 Bank of Baroda Reaches Over 348,000 Farmers Nationwide Through the

7th Edition of the ‘Baroda Kisan Pakhwada’

 

The Bank sanctioned agri loans of more than Rs 3,300 crore during the Baroda Kisan Pakhwada        

Mumbai, January 23rd, 2025: Bank of Baroda (Bank), one of India’s leading public sector banks, concluded the 7th edition of its flagship rural outreach programme, ‘Baroda Kisan Pakhwada’ on a high note. Through the fortnight-long initiative, the Bank connected with over 348,000 farmers across the country and cumulatively sanctioned agri loans of over Rs 3,300 crore. Through a combination of mega kisan melas, choupals, health camps and other drives, the Bank showcased its strong ties with the agricultural community.

As a part of the Baroda Kisan Pakhwada programme, Bank of Baroda organised outreach events across its 22 zones and 119 regions pan-India, with the 'Baroda Kisan Rath' travelling across the country to raise awareness and to share information on the Bank's agriculture lending products & services as well as Government initiatives, such as lending schemes under the Atmanirbhar Bharat Package, micro insurance, social security schemes etc. The Bank also felicitated progressive farmers, entrepreneurs and customers for their contributions to the sector.

This year’s theme focused on leveraging technology to empower Indian farmers and the Bank introduced two digital initiatives - the Digital Baroda Kisan Credit Card (BKCC) and Digital Gold Loan to facilitate seamless access of credit to farmers.

Speaking on the occasion, Shri Lal Singh, Executive Director, Bank of Baroda said, “The success of Baroda Kisan Pakhwada underlines our unwavering commitment to India’s agriculture community. Through our digital initiatives like Digital BKCC and Digital Gold Loan, our aim is to simplify access to credit, making banking services more accessible and convenient for farmers. Through the Baroda Kisan Pakhwada, we have helped create a strong awareness on the range of offerings available with the Bank, thus empowering farmers to take advantage of financial schemes that will fuel their growth.”

Bank of Baroda’s lending to the agriculture sector stands at Rs 144,508 crore as on September 30, 2024, recording a 10.6% year-on-year growth.

To apply for Digital Baroda Kisan Credit Card in Do it Yourself (DIY) mode and avail credit, customers can visit - https://dil2.bankofbaroda.co.in/kl.

To apply for Digital Gold Loan, customers can visit - https://dil2.bankofbaroda.co.in/gl/gl/home#!.

To apply for an Agri Loan from Bank of Baroda, customers can visit – https://bit.ly/AGRILoans.

About Bank of Baroda

Founded on 20th July, 1908 by Sir Maharaja Sayajirao Gaekwad III, Bank of Baroda is one of the leading commercial banks in India. At 63.97% stake, it is majorly owned by the Government of India. The Bank serves its global customer base of ~165 million through over 70,000 touch points spread across 17 countries in five continents and through its various digital banking platforms, which provide all banking products and services in a seamless and hassle-free manner. The Bank’s vision matches the aspirations of its diverse clientele base and seeks to instil a sense of trust and security in all their dealings with the Bank.

·                     Visit us at www.bankofbaroda.in

·                     Facebook https://www.facebook.com/bankofbaroda/

·                     Twitter https://twitter.com/bankofbaroda

·                     Instagram https://www.instagram.com/officialbankofbaroda/

·                     YouTube https://www.youtube.com/channel/UCdf14FHPLt7omkE9CmyrVHA

·                     LinkedIn https://www.linkedin.com/company/bankofbaroda/

 

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Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. 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Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...