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Bank of India gets shareholders’ nod to raise up to Rs 2,500 crore

18 Jul 2022 Evaluate

Bank of India has received shareholders’ approval to raise up to Rs 2,500 crore fresh equity capital by various modes. The decision was taken at the bank's Annual General Meeting held on July 15, 2022. The shareholders approved the agenda to raise fresh equity capital up to an amount of Rs 2,500 crore including share premium, by way of public issue or right issue or preferential issue or QIP or private placement.

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 993.50
PNB 118.25
Bank Of Baroda 237.00
Canara Bank 125.80
Union Bank Of India 179.60
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