Bank of Baroda fined Rs 2 lakh for hiding interest-saving scheme from Army officer

The 51-year-old Indian Army officer took a home loan from Bank of Baroda in 2012 and claimed that the bank did not inform him of relevant schemes.A Haryana consumer commission ordered Bank of Baroda to pay Rs 2.10 lakh to a serving Indian Army officer after finding that the bank failed to inform him about a facility that could have reduced the interest burden on his home loan.