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Bank of Baroda plans public issue
By Our Special Correspondent
MUMBAI,
SEPT. 22.
Bank of Baroda is expecting a 10-15 per cent fall in its operating profit in the current financial year as treasury income dips. The bank is also planning a second public offering by January next year to fulfil Basel II requirements.
The operating profit of the bank is likely to decline by 10-15 per cent in the current fiscal due to fall in its treasury profits, said P. S. Shenoy, Chairman and Managing Director of the bank, on the sidelines of a function to launch its new credit card.
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