Bank of Baroda shares in focus as lender to raise Rs 10,000 crore via long-term bonds
Bank of Baroda (BoB) shares will remain in focus on Thursday after the lender’s board approved raising Rs 10,000 crore through long-term bonds to finance infrastructure and affordable housing projects.
«Board of directors of Bank of Baroda at its meeting held today i.e 18.12.2024 interalia considered & approved raising of long-term bonds for the financing of infrastructure and affordable housing aggregating to total size up to Rs 10,000 crore in single or multiple tranches during FY 2024-25 and beyond if found feasible,» Bank of Baroda said in an exchange filing.
The bonds may be raised in single or multiple tranches during the financial year 2024-25 and beyond, depending on market conditions and feasibility.
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In Q2 FY24, Bank of Baroda (BOB) reported a 23.2% jump in its standalone net profit to Rs 5,238 crore as against a profit of Rs 4,253 crore in Q2FY24. The net interest income (NII) grew by 7.3% YoY to Rs 11,622 crore in Q2FY25.
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