Short-Term Debt
Bank of Baroda raises INR 32 bln via 6-month CD at 6.15%
This story was originally published at 20:02 IST on 9 September 2025
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MUMBAI – Bank of Baroda raised INR 32.00 billion Tuesday through six-month certificates of deposit at 6.15%, officials aware of the deal said. On Sept. 4, the state-owned lender had raised INR 15.00 billion through an eight-month paper at 6.30%.
Bank of Baroda CDs are rated 'A1+' by Crisil Ratings. Indicative rates for six-month top-rated CDs were 6.05-6.16%, dealers said.
For the June quarter, Bank of Baroda had posted a net profit of INR 45.41 billion, up 1.87% on year. On the National Stock Exchange, shares of the state-owned bank closed flat at INR 234.49. (Shravani Chandiwade)
Short-Term Debt: SIDBI raises INR 14 bln via 3-month CP at 5.90%
Small Industries Development Bank of India raised INR 14.00 billion on Tuesday through three-month commercial papers at 5.90%, officials aware of the deal said. On Sept. 3, the company had raised INR 3.00 billion through three-month papers. The papers are rated 'A1+' by India Ratings and Research.
Edited by Ashish Shirke
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