Bank of Baroda Approves ₹85 Billion Capital Raising Plan via QIP

Bank of Baroda has announced its board's approval to raise up to ₹85 billion through various modes, including Qualified Institutional Placement (QIP). The decision, made during a board meeting on February 13, 2025, aims to bolster the bank's capital base and support its growth strategy. The funds will be raised in suitable tranches, subject to regulatory approvals. This move comes as the bank navigates a challenging financial landscape, with a recent report indicating a 6% year-on-year increase in net profit for Q3 FY2025 despite a decline in net interest income.

Sources: Economic Times, Moneycontrol, NDTV Profit