Bank of Baroda clarified on reports regarding South African operations.
The state-owned lender said that the operations of Bank of Baroda in South Africa were governed and conducted in accordance with the regulations and guidelines of the South African Reserve Bank and Reserve Bank of India. Bank of Baroda, South Africa, has not indulged in any activity violating regulatory guidelines knowingly. Transactions were carried out in a professional and transparent manner and we are totally committed to comply with rules and regulations laid out by the governing bodies and regulators.
It added that Bank of Baroda's Senior Management has taken cognizance of the issues appearing in the media.
Stock View:
Bank of Baroda is currently trading at Rs98.85 up by Rs0.25 or 0.25% from its previous closing of Rs98.60 on the BSE.
The scrip opened at Rs98.65 and has touched a high and low of Rs99.45 and Rs98.40 respectively. So far 56,46,555 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs39,135.33cr.
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