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Bank of India gets nod to raise Rs 2,500 crore via bonds

07 Nov 2022 Evaluate

Bank of India has received an approval for raising of Tier-1 capital by issue of Basel-III compliant additional tier-I (AT-I) bonds of up to Rs 2,500 crore. The capital will be raised in one or more tranches, the bank added. The board of the lender, at a meeting held on November 7, 2022, approved the same.

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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