HOME > MARKETS > COMPANY NEWS
  COMPANY NEWS
COMPANY
Bank of Baroda launches bob PAL
Sep-22-2026

Bank of Baroda has launched bob PAL (Portfolio-backed Approved Limit), a digitally-enabled overdraft facility against securities, designed to provide customers with quick and convenient access to funds for short-term personal or business requirements without having to liquidate their investments.

Under bob PAL, eligible customers can pledge securities such as equity shares, mutual funds, bonds, debentures and Sovereign Gold Bonds (SGBs) to avail an overdraft facility ranging from Rs 1 lakh up to Rs 5 crore. The facility is also available digitally for limits of up to Rs 1 crore, providing customers with a faster approval process. bob PAL gives customers quick access to funds while allowing them to retain their investment portfolio and continue to enjoy applicable benefits such as dividends and bonus benefits.

The launch of bob PAL strengthens Bank of Baroda’s retail lending portfolio by offering customers a convenient way to unlock liquidity from their financial assets. With higher limits and a digital journey for facilities up to Rs 1 crore, bob PAL is designed to give customers faster and more flexible access to secured credit.

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services. 


  RELATED NEWS >>