Bank of Baroda’s board of directors has approved a capital-raising plan of up to ₹8,500 crore through common equity capital via various modes, including Qualified Institutional Placement (QIP), in suitable tranches up to March 2028 and beyond. This plan is subject to applicable statutory and regulatory approvals.
Additionally, the board has extended the timeline until March 31, 2026, and beyond if required, for raising the remaining ₹4,000 crore through Additional Tier I (AT I) and/or Tier II debt capital instruments. This is part of the previously approved ₹7,500 crore capital plan that was sanctioned in the board meeting held on July 5, 2024.
The board meeting was held on February 13, 2025, and concluded at 3:50 PM.
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