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

      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.

    • LIC to pick 5% stake in Punjab & Sind Bank

      LIC to pick 5% stake in Punjab & Sind Bank

      PK Anand, executive director at Punjab & Sind Bank tells CNBC-TV18 says that the bank has got the go ahead for fund infusion through 5% stake sale to LIC.

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