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India’s largest public sector bank, Bank of Baroda, has announced that its board has approved raising ₹8,500 crore through Qualified Institutional Placement (QIP). The decision was disclosed after market hours on Thursday (February 13, 2025).
Key Highlights of the Announcement
✔ Fundraising Amount: Up to ₹8,500 crore
✔ Method: Qualified Institutional Placement (QIP) and other suitable methods
✔ Timeline: Till March 2028 in appropriate installments
Board Approval for Capital Expansion
- The bank aims to strengthen its equity base by issuing common equity capital through QIP.
- Funds will be raised in phases as needed until March 2028.
- The capital infusion is expected to enhance the bank’s financial strength and support future growth initiatives.
