Bank of Baroda, one of the leading public sector lenders, has announced that the bank has decided to reduce base rate by 25 basis points from 10.25% to 10% with effect from May 06, 2015.

The stock had underperformed the market over the past one month till May. 05, 2015, falling 25.23% compared with the Sensex's 2.90% decline.  It underperformed the market in past one quarter, declining 15.65% as against 4.89% fall in the Sensex.

Shares of the bank declined Rs 6.55, or 3.85%, to trade at  Rs 163.60.  The total volume of shares traded  was  610,129 at the BSE (12.35 p.m., Wednesday).