Bank of Baroda jumps on launching `Baroda Tiranga Plus Deposit Scheme`
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Bank of Baroda is currently trading at Rs. 164.65, up by 1.70 points or 1.04% from its previous closing of Rs. 162.95 on the BSE.
The scrip opened at Rs. 164.00 and has touched a high and low of Rs. 165.10 and Rs. 163.00 respectively. So far 459114 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 168.65 on 11-Nov-2022 and a 52 week low of Rs. 77.00 on 27-Dec-2021.
Last one week high and low of the scrip stood at Rs. 168.65 and Rs. 159.90 respectively. The current market cap of the company is Rs. 85068.91 crore.
The promoters holding in the company stood at 63.97%, while Institutions and Non-Institutions held 27.83% and 8.19% respectively.
Bank of Baroda has launched the Baroda Tiranga Plus Deposit Scheme. The said scheme is offering higher interest rates up to 7.50% p.a. for 399 days with effect from November 01, 2022, which includes 0.50% p.a. for senior citizens and 0.25% for non-callable deposits. The scheme is applicable on retail term deposits below Rs 2 crore.
The Bank has also increased the premium on Non-Callable Retail Term Deposits from 0.15% p.a. to 0.25% p.a. Hence, non-callable deposits will now receive 0.25% p.a. extra.
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.
