Corporate News     18-Apr-23
Board of Bank of India approves raising up to Rs 6500 cr in FY24
At meeting held on 18 April 2023
The board of Bank of India at its meeting held on 18 April 2023 has approved d the raising of capital for the FY 2023-24 aggregating upto Rs.6,500 crore in the following manner:

a. By issue of fresh Equity Capital in the form of FPO / QIP / Rights Issue / Preferential Issue and / or Basel III compliant Additional Tier-1 (AT-1) bonds (domestic and foreign currency) upto an amount of Rs.4,500 crore.

b. By issue of Basel III compliant Tier-2 bonds upto an amount of Rs.2,000 crore.

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