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Bank of Baroda is all set for raising up to Rs 3,000 crore through Basel III compliant bonds.
The bank has said in a regulatory filing that “The finance committee of our bank approved today issuance of AT -1 capital bonds compliant with Basel III capital regulations… for a minimum amount of Rs 500 crore with greenshoe option and total issuance not to exceed Rs 3,000 crore.”
The fund raising will be in single or multiple tranches.
