Which bank is planning to raise Rs. 7,500 crore through Additional Tier 1 (AT1) and Tier II bonds?

A)
ICICI Bank
B)
Indian Bank
C)
Canara Bank
D)
Bank of Baroda

Correct Answer :   Bank of Baroda


Bank of Baroda (BoB) intends to raise ?7,500 crore through Additional Tier-I (AT1) and Tier-II bonds by March 2025.

This capital-raising initiative is aimed at fulfilling regulatory capital requirements and supporting the bank's growth objectives.

BoB's strategy includes issuing these bonds in multiple tranches, potentially including the overseas market based on favourable market conditions, as approved by its board of directors.

Published On : July 8, 2024