State-owned Bank of Baroda has raised interest rates on bulk deposits of 91 days to 180 days. Deposit rates have been increased to 8.75 percent from an earlier 8 percent interest rate.
State-owned Bank of Baroda has raised interest rates on bulk deposits of 91 days to 180 days. Deposit rates have been increased to 8.75 percent from an earlier 8 percent interest rate.
Last week, Punjab National Bank ( PNB ) slashed interest rates for bulk deposits over one month but raised it for deposits under one month. For deposits from one month to under 3 months, the new rate is 7.25 percent, down from 7.5 percent, while for bulk deposits from 91 days to under one year the new deposit rate is 8.5 percent from 8.75 percent earlier.
Banks have started reducing short-term corporate bulk deposit rates on the back of comfortable liquidity indicating downwards bias in overall bank rate environment though retail deposit rates are yet to see any major revisions.
Bank of Baroda stock price
On October 13, 2014, Bank Of Baroda closed at Rs 865.30, up Rs 6.55, or 0.76 percent. The 52-week high of the share was Rs 1009.00 and the 52-week low was Rs 509.00.
The company's trailing 12-month (TTM) EPS was at Rs 109.94 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 7.87. The latest book value of the company is Rs 835.56 per share. At current value, the price-to-book value of the company is 1.04.
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