Foreign investment in Bank of Baroda reaches trigger limit

13 Aug 2014 Evaluate

Reserve Bank of India has notified that the foreign share holding through Foreign Institutional Investors (FIIs)/ Registered Foreign Portfolios Investors (RFPIs)/Non Resident Indians (NRIs)/ Persons of Indian Origin (PIOs) in Bank of Baroda has reached the trigger limit. Accordingly, further purchases of equity shares of this bank would be allowed only after obtaining prior approval of the Reserve Bank of India.

Bank of Baroda has reported 16.61% growth in Q1FY15 net profit of Rs 1361.88 crore as against Rs 1167.87 crore in the corresponding quarter of the previous year.The bank's total income has increased by 9% to Rs 11682.50 crore for the quarter under review from Rs 10717.49 crore for the corresponding quarter of the previous year.

Bank Of Baroda Share Price

245.20 -1.05 (-0.43%)
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Peers
Company Name CMP
SBI 811.85
Bank Of Baroda 245.20
Canara Bank 100.60
PNB 101.65
Union Bank Of India 118.10
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