Bank of Baroda has scheduled a board meeting on July 24, 2026, to consider and approve raising foreign currency funds. The bank plans to explore the issuance of bonds, including Green and ESG (Environmental, Social and Governance) Bonds, as well as Certificates of Deposits. Additionally, the board will evaluate other borrowing options through various loan facilities to bolster its capital base and diversify its funding sources.

The regulatory filing submitted to the exchanges confirms the agenda for the upcoming meeting. The fund-raising initiative aims to diversify the bank's borrowing sources and attract foreign currency capital. The issuance of Green and ESG bonds aligns with the growing market for sustainable financial instruments.

Fund Raising Instruments

The board will review the following instruments for raising capital:

• Bonds
• Green and ESG Bonds
• Certificates of Deposits
• Other borrowings through various loan facilities

The meeting is pursuant to Regulation 29 of the SEBI (LODR) Regulations, 2015. S Balakumar, Company Secretary, signed the intimation sent to the stock exchanges on July 17, 2026.

The Reserve Bank of India imposed a penalty of Rs 63.60 lacs on Bank of Baroda for specific regulatory non-compliances regarding loan interest and customer verification processes. The monetary penalty was received by the bank on July 3, 2026, and will directly impact its profit and loss statement for the period. The action was taken under the central bank's supervisory powers, highlighting operational gaps in adherence to prescribed norms.

Details of the Violation

The regulatory order identified two specific instances of non-compliance that led to the financial penalty. The first instance involved the bank collecting interest higher than the contracted rate of interest in certain loan accounts. The second violation pertained to the bank's failure to upload Know Your Customer (KYC) records of certain customers onto the Central KYC Records Registry (CKYCR) within the prescribed timeline.

Financial Impact

The bank acknowledged that the penalty of Rs 63.60 lacs would have a quantifiable impact on its financial operations. The amount has been booked as an expense, affecting the overall profitability for the reporting period. The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

The communication was formally signed by S Balakumar, Company Secretary of Bank of Baroda, and submitted to both BSE Ltd. and the National Stock Exchange of India Ltd. to ensure public dissemination of the regulatory action.