<p>State-owned Bank of Baroda on Friday said it has raised Rs 920 crore by issuing Basel III-compliant bonds on private placement basis.</p>.<p>The issue which opened on Thursday and closed the same day saw a total of 11 allottees through the private placement of bonds, the bank said in a BSE filing.</p>.<p>A total of 9,200 bonds, aggregating to Rs 920 crore, were issued.</p>.<p>The lender has issued and allotted unsecured rated listed subordinated non-convertible fully paid up redeemable Basel III compliant tier II bonds on private placement basis, it added.</p>.<p>To comply with Basel-III Capital Regulations, banks need to improve and strengthen their capital planning processes.</p>.<p>These norms are being implemented to mitigate concerns on potential stresses on asset quality and consequential impact on performance and profitability of banks.</p>.<p>The Indian banking system has been implementing Basel III standards in phases since April 1, 2013. The banks are expected to fully implement these norms by March 2020.</p>
<p>State-owned Bank of Baroda on Friday said it has raised Rs 920 crore by issuing Basel III-compliant bonds on private placement basis.</p>.<p>The issue which opened on Thursday and closed the same day saw a total of 11 allottees through the private placement of bonds, the bank said in a BSE filing.</p>.<p>A total of 9,200 bonds, aggregating to Rs 920 crore, were issued.</p>.<p>The lender has issued and allotted unsecured rated listed subordinated non-convertible fully paid up redeemable Basel III compliant tier II bonds on private placement basis, it added.</p>.<p>To comply with Basel-III Capital Regulations, banks need to improve and strengthen their capital planning processes.</p>.<p>These norms are being implemented to mitigate concerns on potential stresses on asset quality and consequential impact on performance and profitability of banks.</p>.<p>The Indian banking system has been implementing Basel III standards in phases since April 1, 2013. The banks are expected to fully implement these norms by March 2020.</p>