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Bank of India gets nod to raise Rs 6,500 crore

19 Apr 2023 Evaluate

Bank of India (BoI) has received an approval to raise Rs 6,500 crore from various means to fund business growth in 2023-24. The bank is planning to raise funds by issuance of fresh equity capital in the form of qualified institutional placement or rights issue or 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. The remaining Rs 2,000 crore is planned to be raised by issuance of Basel III compliant Tier-2 bonds. The proposal in this regard was cleared by the board in a meeting held 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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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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