Bank of Baroda rises on inking MoU to incorporate CCIL IFSC

18 May 2024 Evaluate

Bank of Baroda is currently trading at Rs. 263.25, up by 2.00 points or 0.77% from its previous closing of Rs. 261.25 on the BSE.

The scrip opened at Rs. 264.45 and has touched a high and low of Rs. 264.45 and Rs. 261.90 respectively. So far 7645 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 285.50 on 11-Mar-2024 and a 52 week low of Rs. 178.00 on 19-May-2023.

Last one week high and low of the scrip stood at Rs. 267.60 and Rs. 251.65 respectively. The current market cap of the company is Rs. 135618.97 crore.

The promoters holding in the company stood at 63.97%, while Institutions and Non-Institutions held 28.70% and 7.33% respectively.

Bank of Baroda has signed a Memorandum of Understanding (MoU) on May 17, 2024 for incorporation of CCIL IFSC and equity contribution of 6.125% in the company. The Company will act as a ‘clearing house’ and ‘System Provider’ for the purpose of providing Foreign Currency Settlement System services in IFSC, Gift city.

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.

Bank Of Baroda Share Price

240.35 0.05 (0.02%)
23-Dec-2024 09:34 View Price Chart
Peers
Company Name CMP
SBI 819.55
Bank Of Baroda 240.35
Canara Bank 99.60
PNB 100.75
Union Bank Of India 116.60
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