Bank of Baroda to raise up 9000 crores by end of current fiscal

Vastavam web:Public sector Bank of Baroda will raise up to Rs 9,000 crore by tapping investors both from India and overseas markets by the end of the current fiscal.The additional capital raising plan up to Rs 9,000 crore by March 31, 2018 comprises Rs 6,000 crore through equity capital by various modes in suitable stages, the bank said in a regulatory filing today.Another Rs 3,000 crore will be raised “by way of additional tier-I capital instruments, issued in India/overseas in suitable tranches”, it added.