Bank of Baroda Receives Board Approval to Raise Rs 7,500 Crore through Debt Instruments
Friday, 5 July 2024, 12:34
Bank of Baroda Debt Instrument Approval
Bank of Baroda has secured board approval to raise Rs 7,500 Crore through debt instruments, as disclosed in an exchange filing. The capital can be raised in phased tranches until March 31, 2025, with flexibility for extensions.
Strategic Financial Planning
This strategic move indicates Bank of Baroda's proactive approach to fortify its capital base, enabling potential growth and expansion opportunities. With a focus on long-term stability, the bank is aligning its financial strategies for sustained performance.
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