OREANDA-NEWS. Bank of Baroda, one of the leading public sector lenders, announced that the board of directors of the Bank at its meeting held on Sept. 27, 2014, have approved stock split. The board had considered and accorded it's in-principle approval to the Bank for the sub-division of it's one existing equity share of the face value of Rs. 10/- each fully paid up into five equity shares of face value of Rs. 2/- each fully paid up.

The above sud-division is subject to prior approval of Reserve Bank of India (RBI) and other Statutory / Regulatory / GOI approvals as may be required.

Shares of the bank declined Rs 10.75, or 1.2%, to trade at Rs 887.65. The total volume of shares traded was 31,649 at the BSE (10.10 a.m., Tuesday).