Friday, November 22

Tag: Bank of Baroda

Ola Electric raises $100 million long term debt
12Jul By AdityaNo Comments
Automobile

Ola Electric raises $100 million long term debt

TN, July 12, 2021: Ola Electric and Bank of Baroda have signed the largest long-term debt financing agreement in the Indian EV industry. This 10-year debt of US$100 million is towards the funding and financial closure of the Phase 1 of the Ola Futurefactory, Ola’s global manufacturing hub for its electric two-wheelers. Ola had earlier announced last December that it will be investing Rs 2,400 crore for setting up the Phase 1 of the factory. “Today’s agreement for long term debt financing between Ola and Bank of Baroda signals the confidence of the institutional lenders in our plans to build the world’s largest two-wheeler factory in record time. We are committed to accelerating the transition to sustainable mobility and manufacture made in India EVs for the world and we are happy tha...
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Bank of Baroda Ties Up with Truecaller to Facilitate UPI Payments
10Oct By Gauri SinghNo Comments
BUSINESS

Bank of Baroda Ties Up with Truecaller to Facilitate UPI Payments

The popular Indian bank called Bank of Baroda has partnered with True Software Scandinavia, which is the parent company of the caller-ID app Truecaller. This move has been taken to enable digital payments using BHIM Baroda Pay UPI Service. Following the deal, those who register for payments under the UPI platform through the Truecaller app will get a @barodapay handle. This will be the address for receiving or sending money from their bank accounts. “We are getting in people who have been outside of the e- payments system in a frictionless way as many phone users already have Truecaller app installed,” BoB head fintech and new business initiatives Akhil Handa said. With this, Truecaller has launched its account-to-account payment service before Whatsapp. Truecaller’s service is fully ...
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