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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.

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