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 1,650 crore in one or multiple issuance.
The designated committee of the board i.e. Finance Committee of the bank has approved for the same on October 10, 2017. This is within overall board approved limit of Rs 3,000 crore for AT-I Bonds, filed with the Stock Exchanges on May 27, 2017.
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.