Small and medium scale merchants such as local retail shops, grocery stores, pharmacies, etc., that have an account with Bank of Baroda, and are registered on the bobMerchant App, can now independently design and run cashback/loyalty programmes
The benefits of the agreement will pass on to six States covered under SCR-Telangana, Andhra Pradesh, Maharashtra, Karnataka, Madhya Pradesh and Tamil Nadu
MoU includes special benefits such as free comprehensive Personal Accident Insurance Cover, Free Hospicash facility, special offers on retail loans, debit/credit cards
"Pursuant to the allotment of equity shares in the issue, the paid-up equity share capital of the bank stands increased to Rs 1,034.27 crore, comprising 517,13,62,179 equity shares," said the lender.
LIC, SBI and BoB are the sponsors of LIC MF, SBI MF and Baroda MF and at the same time, they were holding over 18 per cent stake in both UTI MF and UTI Trustee Company.
