Corporate News     12-Apr-23
Board of Bank of India to consider capital raising options up to Rs 6500 cr in FY24
On 18 April 2023
The Board of Bank of India will meet on 18 April 2023 to consider the proposal for raising capital for FY24 aggregating up to Rs 6500 crore in the following manner:

1. By issue of fresh equity capital in the form of FPO/ QIP / rights issue/ preferential issue and /or Basel III complaint AT-1 bonds (domestic and foreign currency) up to an amount of Rs 4500 crore.

2. By issue of Basel III complaint Tier-2 bonds upto an amount of Rs 2000 crore.

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