Bank of Baroda has received approval to raise funds through issuance of Tier-II Capital Bonds compliant with Basel III Capital Regulations of Rs 285 crore, with a base issue size upto Rs 100 crore and a Green shoe option to retain oversubscription upto Rs 185 crore. The Capital Raising Committee of the bank at its meeting held on January 02, 2019 has approved the same.
The company has also received approval for issuance of Tier-II Capital Bonds compliant with Basel III Capital Regulations of Rs 1000 crore, with a base issue size upto Rs 250 crore and a Green shoe option to retain oversubscription upto Rs 750 crore in single or multiple tranches.
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.