Government of India (GOI) has decided to infuse capital funds to the tune of Rs 1260 crore in Bank of Baroda by way of preferential allotment of equity in favour of the Government of India. The Bank is taking all necessary steps / approvals in this regard.
Bank of Baroda has registered a fall of 68.13% in its net profit at Rs 333.98 crore for third quarter ended December 31, 2014 as compared to Rs 1047.84 crore for the same quarter in the previous year. However, total income of the bank has increased 11.16% at Rs 11808.34 crore for Q3FY15 as compared Rs 10622.8 crore for the corresponding quarter previous year.