BoB to raise Rs 2,000 cr tier II capital this fiscal

Published on Fri, Nov 16, 2007 at 20:42 |  Source : Moneycontrol.com

Updated at Fri, Nov 16, 2007 at 20:49  

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BoB to raise Rs 2,000 cr tier II capital this fiscal

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The Bank of Baroda Chairman said that they will raise Rs 2,000 crore of tier II capital this fiscal, reports CNBC-TV18.

He added that they will divest 50 % of BoB's stake in UTI AMC . Bank of Baroda will like to maintain capital adequacy ratio at 12%, after meeting Basel II norms.

  

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