Bank of Baroda (BoB) has received an approval to raise Rs 9,000 crore through various instruments, including Follow-on Public Offer (FPO) in order to fund growth during this fiscal. The board of directors at its meeting held on May 27, 2017 has approved for the same.
The board approved raising of additional capital funds up to Rs 9,000 crore up to March 31, 2018, comprising of Rs 6,000 crore by way of equity capital through various modes at suitable stages and Rs 3,000 crore by way of additional Tier I capital instruments. The bonds will be issued in India or overseas in suitable tranches.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.
| Company Name | CMP |
|---|---|
| SBI | 1104.00 |
| PNB | 115.05 |
| Canara Bank | 146.00 |
| Bank Of Baroda | 283.10 |
| Union Bank Of India | 196.75 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: