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Bank of Baroda signs MoU with NeML to become clearing bank for NeML

03 Nov 2021 Evaluate

Bank of Baroda has signed a MoU with NCDEX e Markets (NeML) to become a “Clearing Bank” for handling financial transactions for NeML market place and procurement/ auction platform.

NCDEX e Markets (NeML) is the leading Indian electronic web based, online, commodities spot market and Services Company. It combines best features of financial markets and spot markets.

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 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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