State-owned lender Bank of Baroda has received an approval to raise up to Rs 6,000 crore through rights issue or private placement. The finance committee of the bank’s board has approved the proposal of raising additional equity capital aggregating up to Rs 6,000 crore by way of rights issue or qualified institutions placements (QIP).
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.