Bank of Baroda gains on rolling out 1001 ultra small branches

23 Mar 2012 Evaluate

Bank of Baroda is currently trading at Rs. 788.60, up by 0.70 points or 0.09% from its previous closing of Rs. 787.90 on the BSE.

The scrip opened at Rs. 792.00 and has touched a high and low of Rs. 795.45 and Rs. 779.70 respectively. So far 8902 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1006.50 on 28-Apr-2011 and a 52 week low of Rs. 630.35 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 820.60 and Rs. 775.10 respectively. The current market cap of the company is Rs. 31051.56 crore.

The promoters holding in the company stood at 57.03% while Institutions and Non-Institutions held 30.79% and 12.18% respectively.

Bank of Baroda (BOB), third largest state-run lender has rolled out 1001 ultra small branches to offer banking services to the people of un-banked villages under the financial inclusion initiative. Formal launch of 1001 ultra small branches (USBs) was done by K C Chakraborty, deputy governor, Reserve Bank of India, in the presence of M D Mallya, chairman and managing director, Bank of Baroda, at Varanasi.

The bank also introduced 551 USBs across Uttar Pradesh and Uttarakhand.  It also plans to open 1,700 USBs in various villages across the country.

BOB has reported a 21% increase in its net profit at Rs 1289.85 crore in the third quarter ended December 31, 2011 compared with Rs 1068.80 crore in the year-ago period. The total income rose by 39.09% to Rs 8821.32 crore in the quarter under review against Rs 6342.30 crore during the corresponding quarter of the earlier fiscal.

Bank Of Baroda Share Price

269.30 5.90 (2.24%)
23-May-2024 15:58 View Price Chart
Peers
Company Name CMP
SBI 832.35
Bank Of Baroda 269.30
PNB 126.60
Canara Bank 117.65
Union Bank Of India 152.55
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