Date:16/11/2007 URL: http://www.thehindu.com/2007/11/16/stories/2007111656241900.htm

Business - Briefly

BoB to raise Rs. 2,000 cr.

NEW DELHI: Bank of Baroda (BoB) on Thursday said it would raise Rs. 2,000 crore in the last quarter of this fiscal to meet Basel II norms and credit requirement. The bank also announced an increase in interest rates on term deposits by 25-50 basis points on various maturities effective from Thursday.