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BoB expects rate cut in April; to sell 5% share to LIC

After Punjab & Sind Bank, Bank of Baroda is now set to sell 5% shareholding to LIC. Speaking to CNBC-TV18, RK Bakshi, executive director of Bank of Baroda says that an FPO is more difficult and is costlier to raise money. "Preferential issue to LIC is the most convenient option," he says.

first published: Feb 28, 2012 03:36 pm

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