Bank of Baroda has received approval to raise additional capital up to Rs 13,500 crore up to March 31, 2021, and beyond if found expedient. The Board of Directors of the Bank in its meeting held on March 24, 2020, has considered and approved the same.
The capital of Rs 13,500 crore will comprise Rs 9,000 crore by way of common equity capital by various modes including QIP, etc in suitable stages and Rs 4,500 crore by way of additional tier I and tier II capital instruments with an inter-changeability option, issued in India/overseas in suitable tranches.
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.
