Bank of Baroda to raise funds.

BANKING AND CREDIT NEWS-May 31, 2021--Bank of Baroda to raise funds

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Global Banking News - 31 May 2021

India-based Bank of Baroda has announced plans to raise funds.

The firm, which had posted an unexpected loss recently, is planning to raise about INR50bn. It could raise as much as INR20bn through a sale of shares and up to INR30bn via bonds that qualify as capital.

The bank had earlier posted a net loss of INR10.5bn for the three months...

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