MoneyWorks4Me

Bank of India planning to raise Rs 3,000 crore via QIP

09 Dec 2017 Evaluate

Bank of India (BOI) is planning to raise Rs 3,000 crore through qualified institutional placement (QIP) in the coming days. This likely fund mop-up would be besides the Centre’s capital infusion that may come its way as part of the already announced recapitalisation bonds.

For the entire fiscal 2017-18, the bank is now eyeing retail credit growth of 18-20 per cent. This is against the credit growth so far this fiscal of about 16 percent.

Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.

Peers
Company Name CMP
State Bank Of India 950.15
PNB 115.85
Bank Of Baroda 231.50
Canara Bank 121.40
Union Bank Of India 171.45
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