Bank Of India Board Approves ₹7,500 Crore Basel
Published on: April 30, 2026, 10:33 p.m. | Source: scanx.trade
Bank Of India has received board approval for a comprehensive ₹7,500 crore capital raising initiative through Basel-III compliant bonds during FY 2026-27. The fundraising is strategically structured with ₹2,500 crore in Tier-I bonds and ₹5,000 crore in Tier-II bonds, aimed at enhancing the bank's regulatory capital base and maintaining strong capital adequacy ratios while supporting future business expansion opportunities.
