BOB To Raise 10,000 Crore Rupees To Fund Affordable Housing, Infra

Current Affairs, Economy

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  • The Board of Directors of Bank of Baroda (BoB) has accepted a proposal to raise up to Rs 10,000 crore to fund infrastructure and affordable housing projects.
  • The sanction is for raising Long Term Bonds for Financing of Infrastructure and Affordable Housing worth up to Rs 10,000 crore in single or multiple tranches throughout 2023-24 and beyond, according to a regulatory filing by BoB.
  • Earlier, the Reserve Bank of India barred stateowned BoB from onboarding new customers on its mobile app ‘bob World’ following material supervisory concerns.

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