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Bank of India gets nod to raise Tier-I capital

08 Jan 2013 Evaluate

Bank of India has received an approval for raising Tier-I capital by issuing fresh equity shares to the Government of India (Promoters) or to other investors, on preferential basis. The board at its meeting on January 8 has approved for the same.

Bank of India is India's third largest PSU bank, with 4157 branches pan India commanding a strong presence in rural and semi urban area.

Peers
Company Name CMP
State Bank Of India 955.90
PNB 116.55
Bank Of Baroda 237.60
Canara Bank 120.20
Union Bank Of India 171.50
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