Bank of Baroda rises on inking MoU with Telangana State Disaster Response & Fire Services Department
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Bank Of Baroda is currently trading at Rs. 284.60, up by 1.25 points or 0.44% from its previous closing of Rs. 283.35 on the BSE.
The scrip opened at Rs. 285.00 and has touched a high and low of Rs. 285.15 and Rs. 283.40 respectively. So far 100000 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. 182.65 on 15-Jun-2023.
Last one week high and low of the scrip stood at Rs. 285.15 and Rs. 266.60 respectively. The current market cap of the company is Rs. 146530.55 crore.
The promoters holding in the company stood at 63.97%, while Institutions and Non-Institutions held 28.70% and 7.33% respectively.
Bank of Baroda has signed a Memorandum of Understanding (MoU) with Telangana State Disaster Response and Fire Services Department to extend the Baroda Police Salary Package offerings to its serving personnel and pensioners. The MoU covers special benefits including enhanced free comprehensive Personal Accident Insurance Cover (PAI), special offers on Yoddha Retail Loans, Debit and Credit Cards and a host of other benefits.
The Baroda Police Salary Package offers many benefits to the Telangana State Disaster Response and Fire Services Department personnel, including Personal Accident Insurance Death Cover up to Rs 1.30 crore in case of accidental death on duty and up to Rs 1.26 crore off duty. In addition, it provides Permanent Total Disability cover up to Rs 80 lakh. In addition, all serving personnel are entitled to additional Rs 5 lakh Personal Life Insurance.
In addition to this, Bank of Baroda had already signed a MoU with Telangana State Police Department and Telangana Special Protection Force.
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.
