Thursday, November 30, 2023
HomeNewsBOI to raise up to ₹2,500 cr via bonds

BOI to raise up to ₹2,500 cr via bonds

The state-owned Bank of India announced that it would issue bonds to raise up to Rs 2,500 crore. According to a regulatory filing, the lender’s board approved raising Tier-1 capital by issuing Basel-III compliant extra tier-I (AT-I) bonds up to Rs 2,500 crore. 

The bank added that the capital would be raised in one or more tranches.

Subscribe To Newsletter


BRL Editor
BRL Editor
Business Review Live covers finance, technology, travel, lifestyle, and everything in between through exclusive interviews and analysis, market statistics, digital video, and an expanded array of content formats.