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Bank of Baroda to raise funds upto Rs 1650 crore

Capital Market 

Through issuance of AT-1 Capital Bonds

of Baroda announced that the Finance Committee of the has on 10 October 2017 approved the issuance of AT-1 Capital Bonds compliant with Basel III Capital Regulations of the Reserve of India for minimum amount of Rs 500 crore with green shoe option, total issuance not exceeding Rs 1650 crore in one or multiple issuances. This is within overall Board approved limit of Rs 3000 crore for AT-1 Bonds.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 10 2017. 15:15 IST