SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Bank of India to mop-up Rs 1,500 crore via Basel III bonds

18 Sep 2013 Evaluate

In a bid to boost its tier II capital for business growth, public sector lender Bank of India is planning to raise around Rs 1,500 crore through Basel III compliant bonds. These bonds carry a feature called 'Point of non-viability (PONV)' trigger. Occurrence of such event results in loss of principal amount to investors and default on the instrument.

Rating agency CRISIL has assigned ‘AAA/Stable’ rating to Tier II bonds issue. The rating agency has also reaffirmed its ratings on the bank’s existing debt instruments at ‘CRISIL AAA/Stable/CRISIL A1+’.

The ratings continue to reflect expectation of strong support from the Government of India (GoI), the bank’s majority shareholder, both on an ongoing basis and in the event of any distress.

Bank Of India Share Price

139.75 -0.55 (-0.39%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1019.55
PNB 107.20
Canara Bank 134.35
Bank Of Baroda 264.05
Union Bank Of India 166.15
View more..

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×