Bank of India, the state-run lender, is opening its Bond issue under MTN programme in overseas market. The size of issue is $750 million and Bonds will be issued with tenor of 5 years.
The bank has registered a fall of 70.40% in its net profit at Rs 173.38 crore for third quarter ended December 31, 2014 as compared to Rs 585.82 crore for the same quarter in the previous year.
However, total income of the bank has increased by 9.95% at Rs 11947.45 crore for Q3FY15 as compared Rs 10866.29 crore for the corresponding quarter previous year.
