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Bank of Baroda gains on the BSE

Mumbai : Bank of Baroda is currently trading at Rs. 131.35, up by 0.60 points or 0.46% from its previous closing of Rs. 130.75 on the BSE. The scrip opened at Rs. 131.45 and has touched a high and low of Rs. 131.80 and Rs. 130.85 respectively. So far 60708 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 157.45 on 09-Aug-2018 and a 52 week low of Rs. 90.70 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs. 134.20 and Rs. 127.70 respectively. The current market cap of the company is Rs. 44692.55 crore. The promoters holding in the company stood at 63.26%, while Institutions and Non-Institutions held 27.98% and 8.76% respectively. Bank of Baroda (BoB) is expecting to complete the process of merger of Dena Bank and Vijaya Bank with it in two years. The merger of Dena Bank and Vijaya Bank with BoB became effective from April 1. Information technology platform integration alone will take about 12 months and other processes and systems may take another year.

The process has been designed to ensure that there is minimum disruption of the customers during the transition period, adding that the branding of the three entities will be retained in the interim period and will be transitioned to the new brand in a phased manner to ensure minimum disruption to existing operations. 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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