Bank of Baroda is planning to raise funds through issuance of capital debt instruments. The Board of Directors of the Bank at its meeting to be held on December 05, 2019 to consider the same.
Earlier, the bank had 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.
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.
