Bank of Baroda Raises ₹10,000 Crore via Green Bonds Amid Sidbi's Bond Withdrawal

Bank of Baroda (BoB) raised ₹10,000 crore through a seven-year green infrastructure bond, the first such domestic issuance by an Indian bank. The issue received bids totaling over ₹16,000 crore, reflecting strong demand and a competitive coupon rate of 7.10%, indicating a market 'greenium' for its ESG focus. Proceeds will finance renewable energy and sustainable infrastructure projects. Meanwhile, Small Industries Development Bank of India (Sidbi) withdrew its ₹8,000 crore bond issue due to higher-than-expected yields amid market volatility.