Financial institution of Baroda on Monday stated it has raised ₹5,000 crore through long-term 10-year infrastructure bonds at a coupon charge of seven.26 per cent. The general public sector financial institution, in an announcement, stated it accepted bids for ₹5,000 crore in opposition to a complete demand of ₹14,215 crore. The Financial institution obtained subscription … Read more
The federal government will get about 30 per cent extra dividends from public sector banks (PSBs) in FY24 vis-a-vis FY23 as a consequence of good-looking payouts declared by them on the again of sturdy monetary efficiency. A back-of-the-envelope calculation exhibits that PSBs pays dividends aggregating ₹18,013 crore to the federal government in FY24 in opposition … Read more
Financial institution of Baroda (BoB) is planning so as to add extra heft to its stability sheet. India’s second largest public sector financial institution (PSB) is laying the groundwork to double its complete enterprise (deposits plus advances) to ₹48 lakh crore in 5 years. BoB’s complete enterprise stood at ₹24,17,464 crore as at March-end 2024. … Read more