Bank of Baroda Board Gives Green Light to Raise Up to Rs 10,000 Crore via Long-Term Bonds for Infrastructure and Affordable Housing Financing

Bank of Baroda board of directors approved a proposal to raise up to Rs 10,000 crore through long-term bonds for financing infrastructure and affordable housing.

“The board of directors in its meeting held today has approved the proposal for raising Long Term Bonds for financing of infrastructure and affordable housing aggregating to a total size up to Rs 10,000 crores, in single or multiple tranches during 2023-24 and beyond, if found expedient,” the bank said in a filing with the stock exchange.