Bank of Baroda has decided to raise funds by way of private placement of AT-1 Bonds (Basel lll Compliant- Tier l) of Rs 1000 crore with a green shoe option of additional Rs 500 crore, limiting the aggregate issue size up to Rs 1500 crore. This is to augment Additional Tier- I Capital of the Bank.
Bank of Baroda has registered 5.46% fall in its net profit at Rs 1104.22 crore for second quarter ended September 30, 2014 as compared to Rs 1168.10 crore for the same quarter in the previous year. However, total income of the bank has increased 13.11% at Rs 11817.32 crore for Q2FY15 as compared Rs 10447.31 crore for the corresponding quarter previous year.