Bank of Baroda inches up on launching industry-first end-to-end digital co-lending platform
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Bank of Baroda is currently trading at Rs. 101.05, up by 0.05 points or 0.05% from its previous closing of Rs. 101.00 on the BSE.
The scrip opened at Rs. 101.80 and has touched a high and low of Rs. 102.25 and Rs. 97.25 respectively. So far 1799945 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 122.65 on 11-Apr-2022 and a 52 week low of Rs. 71.20 on 11-May-2021.
Last one week high and low of the scrip stood at Rs. 110.45 and Rs. 97.25 respectively. The current market cap of the company is Rs. 52411.76 crore.
The promoters holding in the company stood at 63.97%, while Institutions and Non-Institutions held 24.22% and 11.81% respectively.
Bank of Baroda has launched an end-to-end Digital Platform to facilitate co-lending of loans in partnership with NBFCs. The platform provides seamless integration between the Bank and multiple NBFC partners to strengthen, accelerate and simplify the co-lending process. The platform uses rule-based algorithms for underwriting, enables credit assessment checks, enables Retail, MSME, Agri co-lending product offerings and increases process efficiency.
The digital co-lending platform has state-of-the-art capabilities to handle both the option 1 (Non-Discretionary) and option 2 (Discretionary) models of co-lending for secured as well as unsecured products as per the latest RBI guidelines on the co-lending model.
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.
