Bank of Baroda has received approval to raise funds through issuance of Tier-II Capital Bonds compliant with Basel III Capital Regulations of the Reserve Bank of India for issue size not exceeding Rs 1,500 crore, with a base issue size upto Rs 500 crore and a Green shoe option to retain over-subscription upto Rs 1,000 crore, in single or multiple tranches. The Capital Raising Committee of the bank at its meeting held on November 15, 2018, approved 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.
