Bank of Baroda gains on partnering with Reserve Bank Innovation Hub

Bank of Baroda is currently trading at Rs. 106.35, up by 0.10 points or 0.09% from its previous closing of Rs. 106.25 on the BSE.

bank of baroda trades higher on the bourses
bank of baroda trades higher on the bourses

The scrip opened at Rs. 105.95 and has touched a high and low of Rs. 108.05 and Rs. 105.05 respectively. So far 1169537 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 118.85 on 09-Feb-2022 and a 52 week low of Rs. 61.80 on 22-Apr-2021.

Last one week high and low of the scrip stood at Rs. 109.65 and Rs. 103.50 respectively. The current market cap of the company is Rs. 55152.58 crore.

The promoters holding in the company stood at 63.97%, while Institutions and Non-Institutions held 22.02% and 14.00% respectively. Bank of Baroda

Bank of Baroda is partnering with the Reserve Bank Innovation Hub (RBIH), a wholly-owned subsidiary of the Reserve Bank of India, to promote financial inclusion of women in India. RBIH has launched a programme on Gender & Finance named ‘Swanari’ that seeks to combine technology with a greater focus on women to help women achieve financial security and independence.

To that end, RBIH is launching the inaugural edition of Swanari TechSprint, which Bank of Baroda is supporting as a scale-up partner, to create digital solutions to close the gender gap.

TechSprints are problem-solving sessions that promote innovation and collaboration to create technology-driven solutions to complex problems.

The core objective of the Swanari TechSprint is to improve financial inclusion of women in India using technology and will serve as a platform to encourage women-led start-ups and women in tech to create and produce smart, creative and sustainable solutions for underserved women from low and middle income backgrounds and women-owned enterprises in India.

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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