Bank of Baroda, one of India’s leading public-sector banks, has raised Rs 1000 crore by issuing bonds that are compliant with global capital adequacy norms or Basel III. The bank has issued and allotted bonds on December 2, 2016. The bonds will carry interest rate of 8.5 percent.
Bank of Baroda is a pioneer in various customer centric initiatives in the Indian banking sector. The Bank offers products and services such as deposits, loans, credit & debit cards, demat services, remittances, ECS (electronic clearing services), government business, etc.