Current Affairs - Banking - Discussion

Bank of Baroda (BoB) intends to raise ₹7,500 crore through Additional Tier-I (AT1) and Tier-II bonds by March 2025. This capital-raising initiative is aimed at fulfilling regulatory capital requirements and supporting the bank's growth objectives. BoB's strategy includes issuing these bonds in multiple tranches, potentially including the overseas market based on favourable market conditions, as approved by its board of directors.