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Bank of Baroda slips as SEBI imposes penalty of Rs 10 lakh on the bank

  • bitnet infotech
  • August 18, 2020
  • 7:02 am

Bank of Baroda is currently trading at Rs. 45.90, down by 0.25 points or 0.54% from its previous closing of Rs. 46.15 on the BSE.

The scrip opened at Rs. 46.20 and has touched a high and low of Rs. 46.50 and Rs. 45.90 respectively. So far 484317 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 108.25 on 29-Nov-2019 and a 52 week low of Rs. 36.05 on 20-May-2020.

Last one week high and low of the scrip stood at Rs. 49.85 and Rs. 45.65 respectively. The current market cap of the company is Rs. 21370.12 crore.

The promoters holding in the company stood at 71.60%, while Institutions and Non-Institutions held 16.75% and 11.66% respectively.

The Securities and Exchange Board of India (SEBI) in exercise of power has imposed penalty aggregating to Rs 10 lakh on Bank of Baroda for non-compliance of directions issued in case of holding, more than prescribed limit, equity shares of UTI AMC and UTI Trustee Company. Whole time member of the SEBI had earlier directed the bank to comply with the guidelines on or before December 31, 2020.

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.

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