Bank of Baroda (BoB) has entered into an agreement on 8th May, 2018 with CDSL Commodity Repository (CCRL). Bank of Baroda is the first Public Sector Bank to become the Repository Participant for Pledge Finance under the Repository Ecosystem for registered / accredited warehouses by WDRA.

B. R. Patel (General Manager-Rural & Agri Banking and CSR) of Bank of Baroda has appreciated this newly launched ecosystem and expressed "Financing on agri commodities through Warehouse Receipt mechanism within a regulatory framework will boost confidence among the bankers and other stakeholders like depositors, warehouse service providers.''

Ramkumar K. (Chief Operating Officer), CDSL Commodity Repository expressed that "Repository Ecosystem will provide various features / benefits to its stakeholders such as seamless transfer of ownership of commodity by the depositors, splitting of warehouse receipt by the depositors, real time and ease of access of information by the banks that will help them reduce their TAT in processing the loans and marking the pledge on the commodity."

Shares of the company declined Rs 5.85, or 4.42%, to settle at Rs 126.55. The total volume of shares traded was 843,998 at the BSE (Friday).