Bank of Baroda is planning to raise Rs 6,000 crore through QIP or rights issue. The Bank will raise funds through Qualified Institutions Placement (QIP), and/or rights issue for size and amount as may be decided, within overall approval of the board.
The meeting of the designated board committee i.e. Finance Committee of the board will be held on November 21, 2017 to consider and approve the same.
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.