Bank of Baroda’s Board of Directors has approved a plan to raise additional capital up to ₹6,000 crore through the issuance of Additional Tier 1 (AT1) and/or Tier II bonds. This capital raising initiative is set to be executed in suitable tranches by 31 March 2027, with the possibility of extending beyond this date if deemed necessary. The proposed capital raising is subject to obtaining the requisite statutory and regulatory approvals.
The decision was made during the board meeting held on 8 May 2026, which commenced at 10:00 AM and concluded at 4:15 PM. The move is part of the bank’s strategy to strengthen its capital base and enhance its financial stability.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).