Central Bank of UAE imposes sanction of Rs. 13.56 crores approx. on Bank of Baroda, GCC Operations

The Central Bank of the UAE has imposed a financial sanction of AED 6,833,333.00 (Amounting to Rs. 13.56 crores approx.) on Bank of Baroda, GCC Operations, Dubai for deficiencies in compliance of AML and Sanctions Compliance Framework as at 31st December 2019. The Bank is in consultation with the relevant stakeholders and exploring its options (including filing of an appeal) to get the aforesaid financial sanctions lifted.

Shares of BANK OF BARODA was last trading in BSE at Rs.73.8 as compared to the previous close of Rs. 73.3. The total number of shares traded during the day was 3248286 in over 6563 trades.

The stock hit an intraday high of Rs. 76.15 and intraday low of 70.4. The net turnover during the day was Rs. 238289329.

Source : Equity Bulls

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