In an interview with Bloomberg Quint, Shri P. S. Jayakumar – MD and CEO, #BankofBaroda said that the merger is supported by a 5000 crore fund infusion from the government. The organisation will moot Employee Stock Ownership Plan (ESOP) to raise money, facilitate efficiency in the use of capital and expects organic capital to flow in during the next Financial Year. He adds that an integrated Banking system will be rolled out systematically.
#PowerOf3
