Bank of Baroda has raised Rs 1,747 crore by issuing Basel III compliant bonds on a private placement basis. The bank has issued and allotted Basel III compliant additional tier I bonds.
To comply with Basel III capital regulations, banks need to improve and strengthen their capital planning processes. These norms are being implemented to mitigate concerns on potential stresses on asset quality and consequential impact on performance and profitability of banks.
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.
