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Bank of Baroda gets nod to raise funds up to Rs 1,550 crore

26 Dec 2012 Evaluate

Bank of Baroda (BOB) has received an approval for issuance of equity shares of face value of Rs 10 each, for an amount up to Rs 1,550 crore, at such price as may be decided as per SEBI (ICDR) Regulations, on preferential basis in favour of Government of India. The board at its meeting held on December 24, 2012 has approved for the same.

The bank has posted a rise of 11.60% in its net profit at Rs 1301.39 crore for the quarter ended September 30, 2012 as compared to Rs 1166.08 crore for the same quarter in the previous year. Total income has increased by 19.60% at Rs 9550.86 crore for quarter under review as compared to Rs 7985.78 crore for the quarter ended September 30, 2011.

Bank Of Baroda Share Price

280.50 0.50 (0.18%)
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Peers
Company Name CMP
SBI 1103.25
PNB 113.55
Canara Bank 142.50
Bank Of Baroda 280.50
Union Bank Of India 188.60
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