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Bank of Baroda gets nod to raise funds in single or multiple tranches

12 Jul 2017 Evaluate

Bank of Baroda has received an approval for issuance of AT-1 Capital Bonds compliant with Basel III Capital Regulations of the Reserve Bank of India (RBI) for minimum amount of Rs 500 crore with Green Shoe Option, total issuance not to exceed Rs 3,000 crore, in single or multiple tranches. The Finance Committee of the Bank at its meeting held on July 12, 2017 has approved for the same.

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.



Peers
Company Name CMP
State Bank Of India 950.15
PNB 113.95
Bank Of Baroda 234.80
Canara Bank 118.90
Union Bank Of India 173.10
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