Bank of India has raised Rs 750 crore via Basel III compliant additional tier 1 (AT-1) bonds on January 27, 2021 on private placement basis. The issue was over-subscribed with receipt of bids of up to Rs 1,017 crore against the issue size of Rs 750 crore. The coupon on the bonds was 9.04 per cent for five years and it carries a call option.
Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.