Bank of Baroda raises Rs 981 crore through bonds
29th Jul 2020

Bank of Baroda has raised Rs 981 crore through bonds and allotted 8.50% unsecured rated listed subordinated non-convertible fully paid up Basel III additional tier-1 perpetual bonds. Perpetual bonds carry no maturity date and hence are often treated as equity, not debt.

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 stress 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.