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14-Feb2019

Bank of Baroda trades in green on the bourses

Bank of Baroda is currently trading at Rs. 102.50, up by 0.35 points or 0.34% from its previous closing of Rs. 102.15 on the BSE.

The scrip opened at Rs. 103.00 and has touched a high and low of Rs. 103.15 and Rs. 101.30 respectively. So far 90562 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 171.90 on 14-Feb-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. 109.00 and Rs. 101.30 respectively. The current market cap of the company is Rs. 27143.00 crore.

The promoters holding in the company stood at 63.74%, while Institutions and Non-Institutions held 27.46% and 8.80% respectively.

The Reserve Bank of India (RBI) has imposed a monetary penalty of 10 million on Bank of Baroda for non-compliance with various directions issued by RBI on monitoring of end use of funds, exchange of information with other banks, classification and reporting of frauds, and on restructuring of accounts.

The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account failure of the above bank to adhere to the aforesaid directions issued by RBI.

This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with their customers.

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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