Bank of Baroda (BoB), a premier and leading Nationalized Bank on date entered into a Memorandum of Understanding (MoU) with DGS&D, Govt. of India for extending various Banking Services to Government eMarketplace.
Bank of Baroda happens to be the second largest PSU Bank which is known for innovative banking practices and spearheading various initiatives launched by the Govt.
Directorate General of Supplies & Disposal (DGS&D), GOI on the other hand has been mandated to implement Government e-Marketplace (GeM), a landmark initiative of Government of India which is intended to bring about greater transparency and efficiency in public procurements.
Shares of the bank gained Rs 3.3, or 2.04%, to trade at Rs 165.00. The total volume of shares traded was 201,981 at the BSE (10.49 a.m., Monday).