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Bank of Baroda spurts on signing MoU with Indian Army

Bank of Baroda is currently trading at Rs. 91.55, up by 0.30 points or 0.33% from its previous closing of Rs. 91.25 on the BSE.

The scrip opened at Rs. 90.55 and has touched a high and low of Rs. 93.05 and Rs. 90.00 respectively. So far 601915 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 01-Oct-2019.

Last one week high and low of the scrip stood at Rs. 97.65 and Rs. 85.70 respectively. The current market cap of the company is Rs. 35486.06 crore.

The promoters holding in the company stood at 69.23%, while Institutions and Non-Institutions held 22.20% and 8.57% respectively.

Bank of Baroda has signed a Memorandum of Understanding (MoU) with Indian Army under which the bank would offer customised services along with a host of facilities to account holders. The MoU includes handsome free personal accident insurance cover, free air accident insurance cover of Rs 15 lakh to Rs 50 lakh and an overdraft facility up to three times of monthly net salary. The features are also applicable for pensioners of Indian Army up to the age of 70 years.

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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