The board of Corporation Bank will meet on Friday to mull fund-raising. Earlier this year, it had received shareholders’ nod for raising up to ₹3,500 crore through a share sale. The bank had reported a loss of ₹1,035.20 crore in Q2 September 2017, compared with a net profit of ₹206.28 crore in Q2 2016.
The board of Bank of Baroda is also meeting to consider raising funds over and above the ₹3,000 crore it had already got for, from the board and shareholders.