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Bank of Baroda to foray into e-commerce business

11 Jul 2019 Evaluate

Bank of Baroda is planning to launch an online marketplace for its customers offering banking services and farm-related products. The state-owned lender has invited bids seeking a partner to supply 'digital commerce platform' to provide assistance to merchants on catalog management, purchase management fulfilment, pricing, promotion and other similar services.

The bank is keen to strategise and enhance online digital capabilities with a focus on creating a marketplace to fulfil services relating to different segments of customers' daily needs and lifestyle needs.

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.

Peers
Company Name CMP
State Bank Of India 980.10
PNB 115.85
Bank Of Baroda 234.30
Canara Bank 123.00
Union Bank Of India 176.25
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