MoneyWorks4Me

Bank of Baroda raises Rs 1,000 crore through private placement

06 Nov 2013 Evaluate

Bank of Baroda has privately placed Non-Convertible Redeemable Unsecured Basel III complaint Tier II Bonds (Series XVI - Coupon 9.80% p.a) aggregating Rs 1,000 crore for which allotment process has been completed.

The bank has reported a fall of 10.24% in its net profit at Rs 1168.10 crore for the quarter ended September 30, 2013 as compared to Rs 1301.39 crore for the same quarter in the previous year. However, total income of the bank increased by 9.38% at Rs 10447.31 crore for quarter under review as compared to Rs 9550.86 crore for the quarter ended September 30, 2012.

Gross non-performing assets (NPAs) have increased to 3.15% in the July-September quarter as against 1.98% in the same quarter previous year, while net NPAs too increased to 1.86%.

Peers
Company Name CMP
State Bank Of India 959.00
PNB 112.00
Bank Of Baroda 232.35
Canara Bank 118.60
Union Bank Of India 168.10
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