BoB board raises overseas borrowing limit to USD 10 billion
BANKBARODA · price
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Bank of Baroda's board approved doubling its overseas borrowing limit from USD 5 billion to USD 10 billion through syndicated loans, bilateral loans, and club deals. The board also retained its Medium Term Note (MTN) programme size at USD 4 billion and created a new USD 1 billion sub-limit for Green and ESG Bonds issuance for overseas operations including IFSC Banking Unit.
Signals expansion in overseas operations and a push into green funding. Supports international business growth without equity dilution for shareholders.