Bank of Baroda rises on inking MoU with HFL to provide dairy loans to farmers

Bank Of Baroda | Bank - Public | BFSI | BSE: 532134 | NSE: BANKBARODA

30 Dec 2016 Evaluate

Bank of Baroda is currently trading at Rs. 152.35, up by 1.15 points or 0.76% from its previous closing of Rs. 151.20 on the BSE.

The scrip opened at Rs. 151.65 and has touched a high and low of Rs. 152.55 and Rs. 151.40 respectively. So far 49,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 179.30 on 17-Nov-2016 and a 52 week low of Rs. 109.45 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 152.55 and Rs. 146.00 respectively. The current market cap of the company is Rs. 35,080.00 crore.

The promoters holding in the company stood at 59.24%, while Institutions and Non-Institutions held 33.65% and 7.11% respectively.

Bank of Baroda (BoB) has inked a Memorandum of Understanding (MoU) with Heritage Foods (HFL) to provide dairy loans to farmers through the lender’s branches across the country. BoB and HFL will work jointly to provide dairy loans to the farmers which will benefit them in increasing their productivity and earnings under allied activities.

Heritage Foods is in the business of procurement, processing and sale of milk and milk products.

Bank of Baroda is a pioneer in various customer centric initiatives in the Indian banking sector. The Bank offers products and services such as deposits, loans, credit & debit cards, demat services, remittances, ECS (electronic clearing services), government business, etc.