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.
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