Bank of India Approves INR 5,000 Crore Fund Raising Through Infrastructure Bonds in 4th Quarter of FY25
Bank of India (BoI) on Thursday said its board has approved Rs 5,000 crore fund raising through infrastructure bonds. Long Term Infra Bonds to the tune of Rs 5,000 crore would be raised during the fourth quarter of FY25, BoI said in a regulatory filing.
New Delhi, January 23: State-owned Bank of India (BoI) on Thursday said its board has approved Rs 5,000 crore fund raising through infrastructure bonds.
Long Term Infra Bonds to the tune of Rs 5,000 crore would be raised during the fourth quarter of FY25, BoI said in a regulatory filing.
Domestic investors have shown a lot of interest in such bond issuance by banks, and many lenders have exercised this option for raising resources in the recent past. Kotak Mahindra Bank Acquires Standard Chartered India’s Personal Loan Business for INR 3,330 Crore.
The advantage of infrastructure bonds is that they are exempt from regulatory reserve requirements such as Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR). So, infrastructure bond proceeds can be fully deployed for lending activities. Blinkit Now Delivers Smartphones and Feature Phones in 10 Minutes in Delhi NCR, Mumbai and Bengaluru.
Banks have been preferring infrastructure bonds over AT-1 and Tier-2 bonds, as they are better priced.
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