The PSU lender s capital raising committee is scheduled to held on December 15 to discuss and finalise quantum of first tranche of tier-2 or sub-debt instruments issue
BOB insisted the fresh move, which was based on certain supervisory concerns that RBI observed in the lender's mobile banking onboarding processes, would not have a material impact on the bank’s overall business and growth plans.
Bank of Baroda: The bank had last week suggested that its board would meet on October 11 to approve the raising of funds through issuance of long term bonds for financing of infrastructure and affordable housing.
BOB shares: B&K Securities said the bank’s margin may remain soft in September quarter and would improve only in H2FY24 with term deposit re-pricing cycle gradually getting over.