New Delhi, March 7 -- Bank of Baroda has officially become the first bank in the country to successfully raise Green Infrastructure Bonds within the domestic market.

The state-owned lender announced a significant capital boost aimed specifically at environmental initiatives.

Posting on its X account, the bank said, "Bank of Baroda becomes first bank in India to raise Green Infrastructure Bonds in the domestic market."

According to the bank, it "successfully raised Rs.10,000 crore through Series I Long-Term Green Infrastructure Bonds with a 7-year tenure at a coupon rate of 7.10% p.a."

The bank highlighted that "the issue received bids worth Rs.16,415 crore, more than 3x the base issue size of Rs.5,000 crore, reflecting strong investor...