Bank of India has raised Rs 1000 crore by issue of Basel-III Compliant Additional Tier I Bonds (Series-II). The bonds have been rated AA(-) by Brickwork and A+ by CRISIL and bear coupon rate of 11.50% p.a.
Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc. The bank has 4963 branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 54 Zonal Offices.