Bank of India has received capital infusion of Rs 2,257 crore from the Government of India on December 29, in the form of Common Equity Tier-1 Capital, which is being kept as Share Application money and would be alloted after due procedure/ conditions for allotment.
The government had on October 24 unveiled a Rs 2.11 lakh crore two-year roadmap for strengthening NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support and equity dilution.
Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.
