Bank of Baroda, acting through its London branch, has issued fixed rate Senior Unsecured Notes amounting to $250 million on July 08, 2014 under Regulation-S by way of tapping / re-opening of its Senior Unsecured Notes of $750 million originally issued on January 23, 2014 and maturing on July 23, 2019. The notes are issued to meet the present / future long term funding requirement at the overseas centres of the bank.
The bank has posted a rise of 12.48% in its net profit at Rs 1157.27 crore for the quarter ended March 31, 2014 as compared to Rs 1028.85 crore for the same quarter in the previous year. Total income of the bank has increased by 13.17% at Rs 11614.85 crore for quarter under review as compared to Rs 10262.50 crore for the quarter ended March 31, 2013.
