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Bank of India planning to raise capital up to Rs 6,500 crore

12 Apr 2023 Evaluate

Bank of India is planning to raise capital for the FY 2023-24 aggregating up to Rs 6,500 crore by issue of fresh Equity Capital in the form of FPO / QIP / Rights Issue / Preferential Issue and / or Basel III compliant Additional Tier-1 (AT-1) bonds (domestic and foreign currency) up to an amount of Rs 4,500 crore and by issue of Basel III compliant Tier-2 bonds up to an amount of Rs 2,000 crore.

The Board of Directors of the Bank would be considering the same at their meeting proposed on April 18, 2023.

Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.

Bank Of India Share Price

148.10 -0.80 (-0.54%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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