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Bank of India raises Rs 2,000 crore via bonds

14 Sep 2023 Evaluate

Bank of India has raised Rs 2,000 crore through tier II bonds at a coupon rate of 7.88 per cent. The amount was mopped up on the electronic bidding platform of the NSE. It received 83 bids worth Rs 3,770 crore against the Rs 2,000 crore offer. 

The money will be used to augment the overall capital of the lender and enhance the long-term resources in accordance with the Reserve Bank of India guidelines. The amount will not be used to finance any particular project.

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

151.05 2.70 (1.82%)
21-Apr-2026 10:50 View Price Chart
Peers
Company Name CMP
SBI 1110.00
PNB 114.90
Canara Bank 144.55
Bank Of Baroda 283.75
Union Bank Of India 192.15
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