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Bank Of Baroda raises Rs 1,997 Cr via Basel III compliant bonds

Baroda state-owned bank said on Friday it had raised Rs 1,997 crore by issuing Basel III-compliant bonds. The bank had issued an additional Rs 2,000 crore Level I bond issue on November 24. annum), ”BoB said in a regulatory filing.

The bank said it has issued a total of 1,997 bonds of Rs 1 crore each as part of the issue to a total of 21 grantees. To comply with Basel III capital regulations, banks need to improve and strengthen their capital planning processes.

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These standards are implemented to alleviate concerns about potential constraints on asset quality and the consequent impact on bank performance and profitability. The stock traded down 3.33% to Rs 89.90 per coin on BSE.
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First publication: STI


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