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Bank of Baroda gains on revising NRE term deposits interest rates

02 Jan 2012 Evaluate

Bank of Baroda is currently trading at Rs. 666.95, up by 6.10 points or 0.92% from its previous closing of Rs. 660.85 on the BSE.  

The scrip opened at Rs. 664.55 and has touched a high and low of Rs. 668.90 and Rs. 653.60 respectively. So far 13338 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. 696.00 and Rs. 648.40 respectively. The current market cap of the company is Rs. 25922.31 crore.

The promoters holding in the company stood at 57.03% while Institutions and Non-Institutions held 31.09% and 11.88% respectively. 

Bank of Baroda (BOB) has revised the interest rates payable on its non-resident external (NRE) deposits with effect from December 29, 2011. The bank will pay interest at the rate of 9.25% per annum for maturity period of one year and above but less than two years and for period of two years and above but less than three years.

Further, the bank has revised the interest rate to 9.00% per annum for a period of three years and above but up to five years.

The Reserve Bank of India (RBI) had deregulated savings deposit rates on October 25, 2011. The bank has taken this step in line with the move taken by RBI and to keep itself ahead of its competitors.

Bank Of Baroda Share Price

280.00 0.80 (0.29%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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