Latest News | BOI to Raise Up to Rs 2,500 Cr Via Bonds
Get latest articles and stories on Latest News at LatestLY. State-owned Bank of India on Friday said it will raise up to Rs 2,500 crore by issuing bonds.
New Delhi, Nov 4 (PTI) State-owned Bank of India on Friday said it will raise up to Rs 2,500 crore by issuing bonds.
The board of the lender, at a meeting held on Friday, approved raising of Tier-1 capital by issue of Basel-III compliant additional tier-I (AT-I) bonds of up to Rs 2,500 crore, it said in a regulatory filing.
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The capital will be raised in one or more tranches, the bank added.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)