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Bank of India gets shareholders nod to raise Rs 8,000 crore

21 Sep 2020 Evaluate

Bank of India has received shareholders’ approval to raise fresh capital up to an amount of Rs 8,000 crore by way of equity shares/tier-I/tier-II bonds by way of public issue or right issue or preferential issue or QIP or private placement or any other permitted mode at an appropriate time whether at a discount or premium to the market price. Shareholders approved the fund raising plan at the extra-ordinary general meeting (EGM) held on September 19, 2020. 

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 947.15
PNB 116.10
Bank Of Baroda 231.55
Canara Bank 123.70
Union Bank Of India 171.10
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