Bank of Baroda plans to raise ₹5,000 crore after unexpected loss

Bank of Baroda plans to raise ₹5,000 crore after unexpected loss

Bank of Baroda plans to raise 50 billion rupees ($690 million) from sales of shares and bonds after posting an unexpected loss in the fourth quarter.

India’s state-run lender’s borrowing plan includes raising as much as 20 billion rupees through a sale of shares and up to 30 billion rupees via bonds that qualify as capital, according to an exchange filing Saturday

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