/ Bank Of Baroda Offers Home Loan At The Lowest Rate In The Industry ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 10 January 2017

With interest rates being cut by almost all the banking majors its festive season for the borrowers as the borrowers are now able to borrow at much cheaper rates. Bank of Baroda apparently seems to ahead in the race of providing the cheapest loans. PSU bank, Bank of Baroda is offering lowest home loan rates in the Banking industry, at 8.35%.

To further entice prospective customers and of its rivals, the bank is providing loan transfer to Bank of Baroda at zero cost. Bank of Baroda customers can now switch from base rate to MCLR with zero switching fees. Normally, borrowers need to pay Rs 5000 to Rs 10000 as switching fees. Bank of Baroda has also reduced its MCLR rates across all tenors by 55 bps to 75 bps. Its car loans and mortgage loans are charged at 8.85% and 10.35% respectively.
Bank of Baroda ended at Rs 152.7, down by Rs 0.4 or 0.26% from its previous closing of Rs 153.1 on the BSE. The scrip opened at Rs 154 and touched a high and low of Rs 154.95 and Rs 152.5 respectively. A total of 6492994(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 35184.52 crore.

The BSE group 'A' stock of face value Rs 2 touched a 52 week high of Rs 179.3 on 17-Nov-2016 and a 52 week low of Rs 109.45 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 154.95 and Rs 146.8 respectively.

The promoters holding in the company stood at 59.24 % while Institutions and Non-Institutions held 32.84 % and 7.92 % respectively. The stock traded below its 100 DMA.
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