Bank of Baroda surges on offering range of solutions for start-ups at Gift IFSC
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Bank Of Baroda is currently trading at Rs. 160.85, up by 1.05 points or 0.66% from its previous closing of Rs. 159.80 on the BSE.
The scrip opened at Rs. 159.30 and has touched a high and low of Rs. 162.30 and Rs. 158.65 respectively. So far 1146702 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 197.20 on 09-Dec-2022 and a 52 week low of Rs. 89.90 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 168.20 and Rs. 155.75 respectively. The current market cap of the company is Rs. 83362.36 crore.
The promoters holding in the company stood at 63.97%, while Institutions and Non-Institutions held 27.92% and 8.11% respectively.
Bank of Baroda is providing a comprehensive range of solutions to cater to the unique requirements of Indian startups. These services are provided through its IFSC branch in GIFT City, its extensive network in India, including 16 dedicated startup branches, and a strong international presence across 17 countries.
Bank of Baroda was one of the early entrants to set up operations in GIFT City. The Bank’s IFSC Banking Unit provides startups with a range of global banking solutions, locally such as Foreign Currency Current & Savings Accounts; Fixed Deposit in Foreign Currency; External Commercial Borrowing Loans; Trade Finance Facilities; Loans in Foreign Currency/ Syndication Loans and Transaction-based Internet Banking facility. The Bank also offers Loan against NRE/FCNR Deposits and Loan against Deposits at the IBU.
The Bank’s IFSC Banking Unit in GIFT City is the first and only bank to provide transaction-based Internet Banking facility to its retail and corporate customers, including startups, in three major foreign currencies i.e. US Dollar, Euro and British Pound Sterling. This facility provides startups with 24/7 access to their accounts and the convenience and flexibility to conduct banking transactions and fund transfers with ease in a secure manner.
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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