34.5 C
State of Tripura
Friday, July 11, 2025

10 villages in Sepahijala declared ‘Child Marriage Free’

Sepahijala district in Tripura declares 10 villages...

Tripura organic agriculture revolution: 25,000 hectares and counting

Tripura has developed 25,000 hectares of certified...

Tripura gets Rs. 14.22 cr NEC boost for infrastructure and agriculture

Tripura's development plans gain momentum as the...

Bank of Baroda raises Rs 7,500 cr through Additional Tier 1 bonds

Tripura Net
Tripura Net
www.tripuranet.com is a daily news, news article, feature, public opinion, articles, photographs, videos etc –all in digital format- based website meant to disseminate unbiased information as far possible as accurate.

Must Read

Mumbai: Bank of Baroda on Friday announced that its board of directors approved a plan to raise an additional Rs 7,500 crore in capital through Additional Tier 1 (AT1) and Tier 2 bonds.

In a filing to the BSE, the public sector bank stated that this additional capital will be raised in phases over the financial year 2024-25. The AT1 and Tier 2 bonds will have the option to be interchanged in both domestic and international markets, as per the exchange filing.

The above capital will be raised when the market is conducive, Bank of Baroda stated.

In addition to raising additional capital, Bank of Baroda has received board approval to raise Rs 10,000 crore through long-term bonds to finance infrastructure projects and affordable housing in one or multiple segments during the financial year 2024-25, according to a BSE filing.

Following Fridays trading session, Bank of Baroda shares closed 1.35 percent higher at Rs 273.70, compared to Rs 270.05 the previous day.

The banks net interest income (NII) rose by 8.1 percent to Rs 44,722 crore for the year ending in 2024, up from Rs 41,355 crore in 2023.

The capital adequacy ratio (CAR) increased by 7 basis points to 16.31 percent in 2024 from 16.24 percent in 2023.

The public sector bank has also elected Vijay Dube as the shareholders director, effective July 9, according to the exchange filing.

As of April 16, 2024, Fitch Ratings has assigned Bank of Baroda a Long-Term Issuer Default Rating of BBB- with a stable outlook.

- Advertisement -
spot_img
spot_img
spot_img

Latest News

Indian Coast Guard rescues 2 US nationals near Andaman Sea

The Indian Coast Guard has rescued two United States nationals stranded about 52 nautical miles south-east of...