The bank will also issue Basel III compliant Tier-2 bonds upto an amount of Rs 2,000 crore.
Bank of India is a public sector bank. The Government of India held 81.41% stake in the bank as on 31 March 2023.
The state-run bank's net profit increased 12% to Rs 1,151 crore on 26.3% rise in total income to Rs 14,159.60 in Q3 FY23 over Q3 FY22.
