Bank of Baroda to raise Rs 2500 crore via AT-1 bonds

22 Aug 2022 , 04:13 PM

The announcement was made after market hours today. Bank of Baroda is one of Indias largest banks with a strong domestic presence spanning 8, 163 branches and 11,475 ATMs and Cash Recyclers supported by self-service channels. The bank has a significant international presence with a network of 94 overseas offices spanning 17 countries. As of 30 June 2022, Government of India held 63.97% stake in the bank. On standalone basis, the banks net profit surged 79.39% to Rs 2,168.13 crore on 1.02% rise in total income to Rs 20,119.52 crore in Q1 FY23 over Q1 FY22. The scrip fell 1.66% to end at Rs 118.25 on the BSE today. Powered by Capital Market – Live News