Bank of Baroda inches up on inking MoU with Government of Tamil Nadu
Bank Of Baroda is currently trading at Rs 236.75, up by 0.30 points or 0.13% from its previous closing of Rs. 236.45 on the BSE.
The scrip opened at Rs. 236.75 and has touched a high and low of Rs. 237.70 and Rs. 235.05 respectively. So far 14423 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 298.45 on 03-Jun-2024 and a 52 week low of Rs. 190.70 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 242.95 and Rs. 233.00 respectively. The current market cap of the company is Rs. 122276.86 crore.
The promoters holding in the company stood at 63.97%, while Institutions and Non-Institutions held 27.21% and 8.83% respectively.
Bank of Baroda has entered into a memorandum of understanding (MoU) with the Government of Tamil Nadu to offer a customised salary account package for employees of the State Government, including employees of the Police, Forest, Fire & Rescue Departments. The newly launched salary account package comes with comprehensive insurance coverage at zero cost to the employees, making it one of the most attractive offerings in the banking sector.
The bank's customised salary account for Tamil Nadu State Government employees comes with complimentary insurance benefits like Personal Accident Insurance with maximum coverage of Rs 1.55 crore, Term Life Insurance coverage of Rs 15 lakh, Permanent Total Disability Cover of up to Rs 1 crore & Hospicash Facility of Rs 2000 per day for daily hospitalisation.
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.
