Bank of Baroda plans to raise capital up to Rs 7,500 cr via AT1, Tier bonds

Quick Summary:

According to the bank's annual report for FY24, it had raised additional Tier 1 capital of Rs 2,474 crore in FY23.

The improving profitability will support capitalisation despite strong loan growth and higher risk weight requirements for unsecured lending.

BOB’s loan book grew by 12.5 per cent on a year-on-year (Y-o-Y) basis to Rs 10.9 trillion at the end of March 2024.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Banking sector Bank of Baroda Funding

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-05 @ 19:48:29 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 388 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21493794

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