Bank of Baroda rose 1.42% to Rs 153.35 at 14:40 IST on BSE after the bank reduced base rate by 10 basis points from 10% to 9.9% and also reduced bench-mark prime lending rate by 10 basis points from 14.25% to 14.15%.
The bank made announcement during trading hours today, 9 July 2015.
Meanwhile, the S&P BSE Sensex was down 27.07 points or 0.1% at 27,660.65.
On BSE, so far 2.33 lakh shares were traded in the counter as against average daily volume of 8.05 lakh shares in the past one quarter.
The large-cap PSU bank hit a high of Rs 154.90 and a low of Rs 151.25 so far during the day. The stock hit a record high of Rs 228.90 on 23 January 2015. The stock hit a 52-week low of Rs 137.50 on 29 June 2015.
Bank of Baroda said the reduction in both rates will be effective from 13 July 2015.
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Bank of Baroda's net profit fell 48.3% to Rs 598.35 crore on 3.8% rise in total income to Rs 12057.39 crore in Q4 March 2015 over Q4 March 2014.
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