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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.

February 28, 2012 / 22:47 IST

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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.

TAGS: #Bank Of Baroda #Business #CRR cut #FPO #interest rates #LIC #preferential issue #Punjab & Sind Bank #Tier-I capital ratio

first published: Feb 28, 2012 03:36 pm

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