Additionally, the board has authorized extension of time upto 31 March 2026 and beyond, if required, for raising of the remaining capital of Rs 4,000 crore, (by way of Additional Tier I (AT I) and or Tier II Debt Capital Instruments) out of the Rs 7,500 crore which was already approved by the board as a part of previous year's capital plan in its meeting dated 05 July 2024.
Bank of Baroda is one of India's largest banks with a strong domestic presence spanning 8,266 branches and 10,419 ATMs and Cash Recyclers supported by self-service channels. The Bank has a significant international presence with a network of 84 overseas offices spanning 17 countries. As of 31 December 2024, the Government of India held a 63.97% stake in the bank.
The bank reported a 5.63% jump in standalone net profit to Rs 4,837.34 crore on 10.38% increase in total income to Rs 34,676.47 crore in Q3 FY25 over Q3 FY24.
The counter shed 0.94% to end at Rs 210.70 on Thursday, 13 February 2025.
