Bank of Baroda has raised Rs 920 crore by issuing 7.44% unsecured rated listed subordinated non-convertible fully paid up taxable redeemable Basel III compliant tier II bonds on private placement basis.
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.
