Bank of Baroda is planning to raise capital funds through issue of capital debt instruments. The meeting of the Capital Raising Committee (CRC) of whole time Directors of the Bank is scheduled to be held on March 3, 2020 to consider the same.
Earlier in January, the bank had raised Rs 2000 crore by issuing 7.84% unsecured rated listed subordinated non-convertible fully paid up taxable redeemable Basel III compliant tier II bonds-Series XXIV on Private Placement basis.
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.
