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| BoB to sanction Rs 30.95 bn to SMEs | |||
| 23 Jul 2009
: Bank of Baroda (BoB) has set a target to sanction Rs 30.95 billion to small and medium enterprises (SMEs) in Gujarat by March 2010 through its six SME loan factories, reports Business Standard. The bank has restructured over 4,000 accounts for SMEs so far. It has also sanctioned Rs 4.97 billion till June 2009 through the six SME loan factories in Ahmedabad, Vadodara, Surat, Rajkot, Jamnagar and Bulsar. The bank has targeted to achieve Rs 4,250 billion business during 2009-10, wherein the contribution of Gujarat will be Rs 610 billion. The total finance to SMEs till June this year stood at Rs 33.73billion in the state. Shares of the company closed down Rs 10.25, or 2.36%, at Rs 424.15. The total volume of shares traded at the BSE was 47,399 (Tuesday). |
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