Bank of Baroda signs MoU with 10 companies

23 जुलाई 2018

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Bank of Baroda, India's leading public sector bank, held the Micro-Entrepreneurs Conclave, 2018 to commemorate its 111th Foundation Day and in an effort to emphasise the institution's commitment to promote micro and small business entrepreneurs, the Bank entered into a Memorandum of Understanding (MoU) with 10 companies ranging from segments as diverse as e-commerce, logistics, service providers and traditional small business.

P. S. Jayakumar, MD & CEO, Bank of Baroda (Q,N,C,F)* said, ''We are committed to work jointly with various partners to support MSMEs and Start Ups. We have entered into these MOUs with a view to enhance our foot print in delivery of products and services in MSME eco-system. This is an endeavour to simplify operational processes and to improve access to finance for MSMEs from early to growth stage. Throughout FY18-19 we will continue to launch various initiatives in this direction that will support ecommerce and their derivative segment.''

Shares of the company gained Rs 0.7, or 0.58%, to trade at Rs 120.85. The total volume of shares traded was 509,786 at the BSE (3.21 p.m., Friday).

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