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Bank of Baroda to raise additional capital

Bank of Baroda is considering raising additional capital in domestic and overseas markets.

The funds to be raised will qualify as Basel III-compliant Additional Tier-1 capital, the bank said. The new capital will be over and above the bank's previously approved plan to raise 30 billion rupees of Basel III-compliant Additional Tier 1 capital.

As of Dec. 18, US$1 was equivalent to 64.17 Indian rupees.