BoB plans to raise capital worth Rs 4000 cr this FY
By Vaibhav Aggarwal
Sep 8, 2010
Print    Email    RSS   

Bank of Baroda has plans to raise capital worth Rs 4000 crore this fiscal. The public sector lender sees sufficient scope to fulfill the aim.

"We have the scope to raise between Rs 3,000 crore-Rs 4,000 crore in the current fiscal. The funds would be raised as Tier-I and Tier-II capital," BoB's Chairman and Managing Director, M D Mallya said.

The bank expects to achieve growth of 20-25% in deposits this financial year.

"We did not achieve a good deposit growth during April-August in the current fiscal. But we expect to achieve a deposit growth of around 20-25 per cent in FY 11," Mallya said.

"We expect to achieve the target of our deposit growth in the second-half of the current fiscal," he said.

He also said that mostly credit offtake takes a pick in the second half of the fiscal following festival season and that the bank.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Carnival of Indian Personal Finance Blogs #1
BPLR or Base rate?? Which is better…?
Is the Base Rate system really transparent?
Gold based financing; 'loan to buy gold...
Carnival of Indian Personal Finance Blogs #2

HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive