Bank of Baroda wins EAG Laureate award on Financial Security

Tags: Economy/Finance Awards

State-owned Bank of Baroda on 6 December 2022 has said it has bagged an EAG Laureate award in the International Olympiad of Financial Security held at Sochi, Russia on 10 October 2022. 

The Eurasian group on combating money laundering and terrorism (EAG) is a FATF type regional which comprises of 9 members including India.

The Financial Action Task Force (FATF) is the global anti- money laundering and anti- terrorist financing body.  

Bank of Baroda 

It is the second largest public sector bank in India after State Bank of India (SBI).

The banks in which the government of India holds 51% or more equity shares are called public sector banks in India.

Chairman of the Bank: Hasmukh Adia

Managing Director (MD) and Chief Executive Officer (CEO): Sanjiv Chadha 

 The Headquarters of the bank: Vadodara, Gujarat  

Tagline of the Bank: India’s International Bank