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Govt to invest Rs 10,086 crore in Bank of India via preferential allotment

31 Dec 2018 Evaluate

Government of India has conveyed its decision to invest Rs 10,086 crore in the equity of Bank of India (BoI) by way of preferential allotment. Further, Board of Directors of the Bank would be considering by way of circular resolution on or after January 02, 2019 the proposal for raising capital by this infusion and further issue of equity shares / securities.

BoI 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 947.20
PNB 118.20
Bank Of Baroda 229.10
Canara Bank 124.10
Union Bank Of India 173.20
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