Bank of Baroda has announced that it has received a communication from Ministry of Finance, Government of India that the Alternative Mechanism (AM) after consultation with Reserve Bank of India (RBI), has decided that Bank of Baroda, Vijaya Bank and Dena Bank may consider amalgamation of the three Banks.
Accordingly, a meeting of Board of Directors to consider the amalgamation will be convened by the Bank shortly.
Shares of BANK OF BARODA was last trading in BSE at Rs.135.1 as compared to the previous close of Rs. 134.55. The total number of shares traded during the day was 1167231 in over 5225 trades.
The stock hit an intraday high of Rs. 135.8 and intraday low of 131.1. The net turnover during the day was Rs. 155553028.