SBI, Bank of Baroda, Bank of India shares edges higher with significant improvements
Major Public Sector Banks stocks are witnessing marginal increase in the shares prices with gradual improvements in respect of previous ratios. The reason behind the upliftment of the stock price is varied as respect to different banks.
New Delhi: Major Public Sector Banks stocks are witnessing marginal increase in the shares prices with gradual improvements in respect of previous ratios. The reason behind the upliftment of the stock price is varied as respect to different banks.
Bank of India: Shares of Bank of India are trading higher by 2.40% at Rs 141.49. The stock opened today at Rs 139.00 and reached to an intraday high of Rs 141.75.
State-owned Bank of India has raised Basel III compliant Tier II bonds of Rs 2,500 crore at the rate of 7.28% through NSE Electronic Bidding Provider Platform.
SBI: Shares of State Bank of India are trading higher by 0.16% at Rs 961.50. The stock opened today at Rs 962.10 and reached to an intraday high of Rs 965.50.
The largest public sector lender, State Bank of India has received approval from the RBI to establish a Section 8 Company under the Companies Act, 2013 for Digital Payments Intelligence Platform.
Bank of Baroda: Shares of Bank of Baroda are still trading down by 0.10% but has improved by 17.83% in last six months.
The Bank has received approval from the Reserve Bank of India (RBI) to establish a section 8 Company under the Companies Act, 2013, for Digital Payments Intelligence Platform.
The approval is subject to the exemption granted by Department of Financial Services, Ministry of Finance, Government of India, to Bank of Baroda from section 19(2) of the Banking Regulation Act, 1949, i.e. (under Section 53 of the Act ibid) to hold shares in excess of 30% of the paid-up share capital in the proposed section 8 Company i.e., Indian Digital Payment Intelligence Corporation (IDPIC), till October 16, 2026.