Bank Of Baroda — Bonds & AAA (ICRA) Rating

Bank

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Methodology v1.0 Download Report (PDF)
Latest Rating
AAA (ICRA)
Total Debt Outstanding
₹62,676 Cr
Across 32 instruments
Listed Bonds
32
First Issue
2015-01-09
Latest Issue
2026-03-05
Maturity Range
2028 - 2039
Observation
32 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
01 Issuer Overview
Sector
—
Issuer Type
Bank
First Tracked Bond
2015-01-09
Start of this issuer's debt program timeline
  • 32 active bonds tracked from this issuer.
  • 0 of 26 tracked bonds with a stated security status are secured. (based on 26 bonds with a disclosed security status)
  • Most recent rating action: other by CRISIL on 2026-08-05.

Bank Of Baroda, a bank or financial institution, is tracked on RetailBonds.in. Outstanding bonds carry coupons between 7.10% - 9.48%, paid annual. Maturities on outstanding bonds fall between 2028 - 2039.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
32
Tracked by RetailBonds
Amount Tracked
₹62,676 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 26 of 32 bonds)
Avg Coupon
8.08%
Range 7.10% - 9.48%
Avg Remaining Tenure
6.1 Yrs
Nearest maturity 2028-12
Secured
0%
0 of 26 bonds with known status
Callable
3
Of 32 bonds
Avg Spread vs G-Sec
+112 bps
Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (15 bonds).

0 2028: 2 bonds, ₹972 Cr tracked, avg coupon 8.41% 2 bonds 2028 2029: 3 bonds, ₹1,000 Cr tracked, avg coupon 8.18% 3 bonds 2029 2030: 1 bond, avg coupon 7.44% 1 bond 2030 2033: 3 bonds, ₹17,500 Cr tracked, avg coupon 7.51% 3 bonds 2033 2034: 5 bonds, ₹18,000 Cr tracked, avg coupon 7.49% 5 bonds 2034 2035: 2 bonds, ₹7,000 Cr tracked, avg coupon 7.54% 2 bonds 2035 2039: 1 bond, ₹3,500 Cr tracked, avg coupon 7.41% 1 bond 2039 2042+: 15 bonds, ₹14,705 Cr tracked, avg coupon 8.50% 15 bonds 2042+

Security Type / Instrument Mix

  • NCD 32 bonds · 100% · ₹62,676 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2017: ₹2,350 Cr issued 2017 2018: ₹972 Cr issued 2018 2019: ₹3,897 Cr issued 2019 2020: ₹4,578 Cr issued 2020 2021: ₹3,154 Cr issued 2021 2022: ₹4,226 Cr issued 2022 2023: ₹7,500 Cr issued 2023 2024: ₹21,000 Cr issued 2024 2025: ₹5,000 Cr issued 2025 2026: ₹10,000 Cr issued 2026 Cumulative: ₹2,350 Cr Cumulative: ₹3,322 Cr Cumulative: ₹7,218 Cr Cumulative: ₹11,796 Cr Cumulative: ₹14,950 Cr Cumulative: ₹19,176 Cr Cumulative: ₹26,676 Cr Cumulative: ₹47,676 Cr Cumulative: ₹52,676 Cr Cumulative: ₹62,676 Cr

Based on 26 of 32 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • AAA 14 bonds · 44%
  • AA 14 bonds · 44%
  • Unrated 4 bonds · 12%
AgencyRatingOutlookBonds
CRISIL AAA Stable 5
INDIA_RATINGS AA+ — 5
CRISIL AA — 4
INDIA_RATINGS AAA — 4
CARE AAA — 3
CRISIL AA Negative 3
CARE AAA Stable 2
CRISIL AA+ — 2
CRISIL AAA — 2
INDIA_RATINGS AA — 2
CARE AA — 1
CRISIL AA Stable 1
ICRA AA+ — 1
ICRA AAA — 1
ICRA AAA Stable 1
INDIA_RATINGS AAA Stable 1

Recent Rating Actions

2026-08-05 · CRISIL
—
Other
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade
INE028A08125 BOB-8.42%-7-12-28-PVT 8.42% AAA (CARE) 2028-12-07 — —
INE028A08133 BOB-8.40%-20-12-28-PVT 8.40% — 2028-12-20 — —
INE028A08141 BOB-8.6%-10-1-29-PVT 8.60% — 2029-01-10 — —
INE028A08158 BOB-8.55%-14-2-29-PVT 8.55% — 2029-02-14 — —
INE028A08281 BOB-7.39%-17-8-29-PVT 7.39% AAA (ICRA) 2029-08-17 — —
INE028A08190 BOB-7.44%-03-01-2030-PVT 7.44% AAA (CARE) 2030-01-03 — —
INE028A08380 BOB-7.10%-5-3-33-GB-PVT 7.10% AAA (ICRA) 2033-03-05 — —
INE028A08307 7.68% UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE BONDS IN THE NATURE OF DEBENTURE. SERIES LTB II DATE OF MATURITY 01/12/2033. 7.68% AAA (CRISIL) 2033-12-01 7.26% 2026-07-02
INE028A08315 7.75% UNSECURED RATED LISTED REDEEMABLE TIER II NON-CONVERTIBLE BOND. SERIES XXV DATE OF MATURITY 21/12/2033. 7.75% AAA (INDIA_RATINGS) 2033-12-21 — —
INE028A08323 BOB-7.57%-25-1-34-PVT 7.57% AAA (CRISIL) 2034-01-25 — —
INE028A08331 BOB-7.57%-22-2-34-PVT 7.57% AAA (CRISIL) 2034-02-22 — —
INE028A08349 BOB-7.3%-27-8-34-PVT 7.30% AAA (CRISIL) 2034-08-27 — —
INE028A08356 BOB-7.26%-9-9-34-PVT 7.26% AAA (CRISIL) 2034-09-09 — —
INE028A08166 BOB-7.75%-11-9-34-PVT 7.75% AAA (CARE) 2034-09-11 7.71% 2026-09-16
INE028A08208 BOB-7.84%-15-1-35-PVT 7.84% AAA (CARE) 2035-01-15 — —
INE028A08372 BOB-7.23%-16-1-35-PVT 7.23% AAA (CRISIL) 2035-01-16 — —
INE028A08364 BOB-7.41%-28-11-39-PVT 7.41% AAA (CRISIL) 2039-11-28 — —
INE028A08075 BOB-PERPETUAL-9.48%-PVT 9.48% AA (INDIA_RATINGS) 2099-12-30 — —
INE028A08083 BOB-8.5%-PERPETUAL-PVT 8.50% — 2099-12-30 — —
INE028A08091 BOB-9.14%-PERPETUAL-PVT 9.14% AA (CARE) 2099-12-30 — —
INE028A08109 BOB-8.60%-PERPETUAL-PVT 8.60% AA+ (INDIA_RATINGS) 2099-12-31 — —
INE028A08117 BOB-8.65%-PERPETUAL-PVT 8.65% AA+ (CRISIL) 2099-12-31 — —
INE028A08216 BOB-8.25%-PERPETUAL-PVT 8.25% AA (CRISIL) 2099-12-31 — —
INE028A08174 BOB-8.70%-PERPETUAL-PVT 8.70% AA (CRISIL) 2099-12-31 — —
INE028A08182 BOB-8.99%-PERPETUAL-PVT 8.99% AA (CRISIL) 2099-12-31 — —
INE028A08232 BOB-8.50%-PERP-PVT 8.50% AA (CRISIL) 2099-12-31 — —
INE028A08224 BOB-8.5%-PERPETUAL-PVT 8.50% AA (CRISIL) 2099-12-31 — —
INE028A08273 BOB-8%-PERPETUAL-PVT 8.00% AA (CRISIL) 2999-12-31 — 2026-07-03
INE028A08257 BOB-8.15%-PERPETUAL-AT1 8.15% AA (CRISIL) 2999-12-31 — —
INE028A08240 BOB-8.15%-PERPETUAL-AT1 8.15% AA (CRISIL) 2999-12-31 — —
INE028A08299 7.88% UNSECURED RATED LISTED BASEL III ADDITIONAL TIER 1 PERPETUAL NON CONVERTIBLE BOND. SERIES XIX. 7.88% AA+ (ICRA) 9999-12-31 7.81% 2026-09-11
INE028A08265 7.95% UNSECURED RATED LISTED SUBORDINATED NON CONVERTIBLE FULLY PAID UP BASEL III ADDITIONAL TIER 1 PERPETUAL BONDS. SERIES XVII 7.95% AA+ (CRISIL) 9999-12-31 — 2026-09-09
Compare (/) Compare Bonds

YTM and Last Trade depend on secondary-market volume — shown only for bonds with a recorded BSE/NSE trade.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

Traded Value (Last 30 Days)
₹0.0 Cr
Number of Trades (Last 30 Days)
5
Avg. Yield (Last 30 Days)
7.83%
06 Payment Disclosures (SEBI Reg52(4)) 4 disclosed

Interest and redemption payments as broadcast by NSE under SEBI LODR Reg 52(4)/60, across all outstanding bonds from this issuer -- actual disclosed events, not a projected schedule.

Due DateBondTypeAmount DueAmount PaidStatusFiling
2026-09-11 BOB-7.75%-11-9-34-PVT Interest ₹387,500,000.00 ₹387,500,000.00 Paid XBRL →
2026-09-09 BOB-7.26%-9-9-34-PVT Interest ₹3,630,000,000.00 ₹3,630,000,000.00 Paid XBRL →
2026-09-02 7.88% UNSECURED RATED LISTED BASEL... Interest ₹1,949,500,000.00 ₹1,949,500,000.00 Paid XBRL →
2026-08-27 BOB-7.3%-27-8-34-PVT Interest ₹3,650,000,000.00 ₹3,650,000,000.00 Paid XBRL →

Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2026-08-02 -- history accumulates as disclosures are broadcast.

07 Regulatory Filings
NSE Corporate Announcements
General Updates 2026-07-20
General Updates 2026-07-17
General Updates 2026-07-16
General Updates 2026-07-10
General Updates 2026-07-03
General Updates 2026-07-02
Credit Rating 2026-06-29
Trading Window 2026-06-25
General Updates 2026-06-23
Credit Rating Rationale
08 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 38 2026-06-28
Rating Actions History 1 2026-08-05
Secondary-Market Trades 15 2026-09-16
Reg52(4) Payment Disclosures 4 2026-09-11

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does Bank Of Baroda have?

Bank Of Baroda currently has 32 active bonds with coupons 7.10% - 9.48%, maturities spanning 2028 - 2039.

What is Bank Of Baroda's credit rating?

The most recent rating on Bank Of Baroda's bonds is AAA (ICRA), published by CARE, CRISIL, ICRA, INDIA_RATINGS.

Are Bank Of Baroda's bonds secured?

Of the 26 bonds with a disclosed security status, 0 are secured (0%) and 26 are unsecured.

When do Bank Of Baroda's bonds mature?

Bank Of Baroda's active bonds mature between 2028 - 2039; the nearest matures in 2028-12; the average tenure is 6.1 Yrs.

What is the average coupon on Bank Of Baroda's bonds?

The average coupon across Bank Of Baroda's 32 active bonds is 8.08%.

Disclaimer: This page aggregates publicly available data about Bank Of Baroda for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.