Bank of Baroda (BoB) has reportedly signed a term loan agreement with NTPC for Rs 2,000 crore. The loan facility has tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC.
Bank of Baroda 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 increased 13.11% at Rs 11817.32 crore for Q2FY15 as compared Rs 10447.31 crore for the corresponding quarter previous year.