New Delhi, Jun 30 (PTI) State-owned Bank of Baroda (BoB) on Tuesday said it will mop up Rs 2,000 crore by issuing bonds to fund its growth plans.

"...Capital Raising Committee of our bank has today approved issuance of Basel III Compliant Additional Tier I Bonds for aggregate total issue size not exceeding Rs 2,000 crore in single or multiple tranches," BoB said in a regulatory filing.

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Last week, BoB reported a standalone net profit of Rs 506.59 crore for the fourth quarter ended March, as against Rs 991.37 crore in the January-March quarter of the preceding fiscal.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)