To see stock: Bank of Baroda (Bob) Share During Friday deals will be meditated as the state -owned bank has announced to increase the funds. 8,500 crores. The Board of Directors of PSU Bank considered and approved the proposal to raise money during its meeting on Thursday, 13 February 2025. The PSU bank will gather these funds by issuing new shares including QIP.
Bob funds details
PSU Bank informed Indian Stock market Exchanging about development, “We mention our letters. BCC: ISD: 117: 16: 53 dated 03.02.2025 and advise that our bank’s directors have organized today in our meeting.” . Capital of Rs 8500 crore through normal equity capital by various mode including QIP in appropriate installments will be subject to applied statutory/regulatory approval in suitable installments.
“Additionally, the board has expanded the time to 31.03.2026 and beyond the time, if necessary, to increase the remaining capital 4,000 crores, (Additional Tier I (I)) and or Tier II through debt capital equipment) 7,500 crore rupees which the board already approved in its meeting as a part of the previous year’s capital plan, dated 05.07.2024, “added to Bank of Baroda Exchange,
Bank of Baroda keeps MCLR unchanged
Recently, the state -owned lender reviewed Marginal cost of fund based credit rate (MCLR), which became effective from 12 February 2025. In this review, the Bob Board left the current rates unchanged on all tenors. Therefore, MCLR will continue to carry 8.15 percent in the night, while one month, three months, six months and one year MCLR will continue to be 8.35 percent, 8.55 percent, 8.80 percent and 9 percent levy, respectively.
Bank of Baroda Share The base-making mode for one year is in the formation, providing zero return to its shareholders. The Bob share costs more than 12 percent in YTD, while it has cured about 19 percent in a year. Bob share price ended on Thursday 210.78 on NSE, close to its 52-week lower part 205.71 episi.
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