The bank had registered a net loss of Rs 487.26 crore in the corresponding quarter of the previous financial year. In the first quarter of the current financial year, it had posted a net loss of Rs 342 crore.
Equity benchmark BSE Sensex ended marginally higher at 40,165 points on Friday after a volatile session as markets consolidated after scaling new highs.
The fund raise is subject to regulatory approvals and bank's board and shareholders approvals, it said in a regulatory filing.
Shares of the state-owned lender rose 16.40 per cent to Rs 10.36 apiece on the BSE. On the NSE, the scrip zoomed 16.85 per cent to Rs 10.05.
Inching closer to its all-time intraday high, the 30-share index was trading 220.26 points, or 0.55 per cent, higher at 40,272.13, and the broader NSE Nifty advanced 64.80 points, or 0.55 per cent, to 11,908.90.
Markets regulator Sebi on Wednesday levied a total fine of Rs 40 lakh on eight entities for executing fraudulent trades in illiquid stock options on the BSE.
After hitting a high of 39,894.18, the 30-share index was trading 639.33 points, or 1.63 per cent, higher at 39,889.53 in mid-session, and the broader NSE Nifty advanced 175.85 points, or 1.51 per cent, to 11,803.65.
The homegrown auto major on Friday reported a consolidated net loss of Rs 187.7 crore for the quarter ended September 30, against a loss of Rs 1,009.49 crore in the same period of 2018-19.
Tata Motors was the top gainer in the Sensex pack, rallying over 13 per cent, after its British arm Jaguar Land Rover (JLR) returned to profitability, reporting a pre-tax profit of 156 million pounds, 246 million pounds better year-on-year.
BSE on Wednesday asked Infosys to explain why it did not make a disclosure about a whistleblower complaint which alleged that the company's top executives were following "unethical practices" to shore up profits through irregular accounting ways.
Snapping its six-session rising streak, equity benchmark BSE Sensex plunged 335 points on Tuesday, dragged by a massive plunge in Infosys' shares following a complaint against its chief executive.
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