Bank of Baroda has raised Rs 1,650 crore by issuing Basel-III compliant bonds. The bank issued 16,500 bonds at 8.70% unsecured subordinated fully paid-up additional tier 1 Basel-III non-convertible perpetual taxable bonds' with an issue size of Rs 1,650 crore. To comply with Basel-III capital regulations, bank globally need to improve and strengthen their capital planning processes.
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.