Bank of Baroda (BOB), one of the leading public sector lenders, announced that the bank has now decided to raise funds by way of private placement of BASEL lll compliant AT-1 bonds of Rs 10 billion for augmenting Tier - 1 capital of the bank.

The stock had underperformed the market over the past one month till Jan. 05, 2015, falling 25.23% compared with the Sensex's 2.16% decline. It underperformed the market in past one quarter, declining 15.65% as against 4.80% rise in the Sensex.

Shares of the bank declined Rs 20.3, or 1.85%, to trade at Rs 1,075.25. The total volume of shares traded was 36,035 at the BSE (11.22 a.m., Tuesday).