You are here: Home » Finance » News » Banks
Business Standard

Bank of Baroda pays Rs 95 cr as interest on Basel-III bonds

The bank made the payment through NEFT to 75 beneficiaries

Press Trust of India  |  New Delhi 

Bank of Baroda pays Rs 95 cr as interest on Basel-III bonds

today said it has timely paid over Rs 95 crore as interest to the beneficiaries of its additional tier-I compliant issue of Rs 1,000 crore.

It said the interest paid at 9.48 per cent, includes two days of additional interest.


"Annual interest on BOB AT-I compliant series-V have been paid timely i.e Today on 11th January 2016 with additional interest payment for two days (367 days) as the due date was 9th January 2016 which with next day was non-banking day", it said in a regulatory filing.

The payment was done through or to 75 beneficiaries, it added.

stock closed at Rs 139.15 on today, down 0.96 per cent from the previous close.

First Published: Mon, January 11 2016. 18:50 IST
RECOMMENDED FOR YOU