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.
| Company Name | CMP |
|---|---|
| SBI | 1110.00 |
| PNB | 114.90 |
| Canara Bank | 144.55 |
| Bank Of Baroda | 283.75 |
| Union Bank Of India | 192.15 |
| View more.. | |
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.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: