The Exchange has sought clarification from Bank Of Baroda with respect to recent news item captioned MP govt withdraws five-year ban on Bank of Baroda within 24 hours.. The response from the Company is attached.

Bank of Baroda has clarified an operational issue with the Madhya Pradesh government. On March 26-27, 2026, one of its branches faced a fund transfer request from the state government where there was a mismatch in the amount versus available balance. After making necessary arrangements, the funds were remitted in 4 tranches on March 27. However, on the same day, the Commissioner, DIF Bhopal issued a debarment order (Letter No. I/912701/2026) prohibiting the bank from conducting government business. The bank submitted a written representation on March 28, and the government revoked the order the same day (Letter No. 91/Service/2026/530) - within 24 hours of the original order. The company states there is no material impact on the bank and the information was not disclosed earlier since the order was short-lived.