Bank of Baroda spurts on inking MoU with Govt of Gujarat.

Bank Of Baroda is currently trading at Rs. 100.80, up by 0.10 points or 0.10% from its previous closing of Rs. 100.70 on the BSE.

The scrip opened at Rs. 100.80 and has touched a high and low of Rs. 101.10 and Rs. 99.95 respectively. So far 311507 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 143.60 on 28-May-2019 and a 52 week low of Rs. 85.70 on 07-Oct-2019.

Last one week high and low of the scrip stood at Rs. 103.45 and Rs. 97.60 respectively. The current market cap of the company is Rs. 46390.49 crore.

The promoters holding in the company stood at 71.60%, while Institutions and Non-Institutions held 18.62% and 9.79% respectively.

Bank of Baroda has signed a memorandum of understanding (MoU) with the Government of Gujarat to facilitate flow of credit to the MSME sector for Greenfield Projects, Start-Ups, Women Entrepreneurs and Entrepreneurs from backward areas of Gujarat under Gujarat Single Window Clearance Act 2017 & Ordinance Number 1 of 2019 dated October 24, 2019.

In terms of the MoU, the Bank shall complete the processing of applications on priority basis and convey in-principle approval/decision of lead through the portal, District Level Nodal Agency or State Level Nodal Agency.

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.

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