Bank of Baroda (BOB) informed the exchanges Tuesday post market hours that the RBI has imposed a penalty aggregating to Rs2.50cr (Rupees two crore fifty lakh only) on the Bank for non-compliance with the directions issued by the RBI in various accounts of Srijan Mahila Vikas Sahyog Samiti Ltd. at Bhagalpur Branch. As a reaction to the news, the stock price of Bank of Baroda fell ~2% in trade today.
Stock view:
Bank of Baroda is currently trading at Rs100.30 up by Rs1.4 or 1.42% from its previous closing of Rs98.90 on the BSE.
The scrip opened at Rs100 and has touched a high and low of Rs101.30 and Rs99.20 respectively. So far 1,62,33,472 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs39,254.41cr.
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