Bank of Baroda Approves ₹8,500 Crore Fundraising via QIP:

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.