Bank of India is planning to raise nearly Rs 1,000 crore through selling stake in some of its non-core assets and real estate properties. Of the total, the bank expects to raise around Rs 800 crore through sale of its stake in non-banking finance company STCI Finance and in Sidbi, by the third quarter of the current financial year. The lender has also lined up some of its real estate assets to sell and expects to raise nearly Rs 200 crore through the sale.
Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.
