Bank Of Baroda Nifty PSU Bank

Public sector lender Bank of Baroda on Monday said it will raise Rs 5,000 crore by issuing long-term infrastructure bonds. The board of directors in its meeting held on Monday approved the proposal of issuing long-term bonds for financing infrastructure projects and affordable housing worth to the tune of Rs 5,000 crore, the bank said in a regulatory filing. The money will be raised in single or multiple tranches during financial year year 2022-23. These bonds shall be senior, unsecured and will not form part of capital of the bank, it said. Bank of Baroda stock closed flat at Rs 99.95 apiece on BSE on Monday.

The state-owned lender, which had reported net loss of Rs 864 crore in Q1FY21 and Rs 1,046.5 crore in Q4FY21, is expected to report up to Rs 1,633.3 crore-net profit on Saturday, August 7

Bank of Baroda, SBI, PNB, Syndicate Bank, Bank of India, Indian Bank, Union Bank of India and Canara Bank were up in the range of 2% to 8% on the NSE.