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Bank of Baroda has fixed January 23, 2015 as the record date for sub division of equity shares of ₹10 each into five equity shares of ₹2 each.
BoB is among the banks to opt for stock split in recent months with the others being SBI, Axis Bank, ICICI Bank, PNB, Canara Bank, J&K Bank and Corporation Bank. Of these, only Canara Bank and Corporation Bank are yet to fix the record date for the stock split. While SBI and J&K Bank had opted for a 10:1 stock split (share face value reduced from ₹10 to ₹1), others have gone for 5:1 ratio (₹2 face value post stock split).
The BoB shares were trading at ₹1061.05, up by ₹1.70, on the BSE.
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