Bank of India Plans to Raise ₹7,500 Crore Through Bond Issuance in FY27
BOI to raise up to Rs 7,500 crore through Tier I, Tier II bonds in FY27
Business Standard
Image: Business Standard
Bank of India (BOI) has announced plans to raise up to ₹7,500 crore (approximately $900 million USD) in the financial year 2026-27 through the issuance of Basel III-compliant Tier-I and Tier-II bonds. The initiative aims to strengthen the bank's capital base.
- 01Bank of India aims to raise ₹7,500 crore through bond issuance.
- 02The issuance will include both Tier-I and Tier-II Basel III-compliant bonds.
- 03Up to ₹2,500 crore will be raised via Tier-I bonds.
- 04Up to ₹5,000 crore will be raised through Tier-II bonds.
- 05The fund-raising is scheduled for the financial year 2026-27.
Advertisement
In-Article Ad
The Bank of India (BOI), a public sector lender in India, has received board approval to raise up to ₹7,500 crore (approximately $900 million USD) through the issuance of Basel III-compliant bonds in the financial year 2026-27. This capital-raising initiative will involve both Tier-I and Tier-II bonds, with plans to secure up to ₹2,500 crore from Tier-I instruments and ₹5,000 crore from Tier-II instruments. The move is part of the bank's strategy to bolster its capital base and comply with regulatory requirements under Basel III standards.
Advertisement
In-Article Ad
This bond issuance will enhance Bank of India's capital position, potentially leading to increased lending capacity, which could benefit borrowers and stimulate economic growth.
Advertisement
In-Article Ad
Reader Poll
Do you think raising funds through bonds is a good strategy for banks?
Connecting to poll...
Read the original article
Visit the source for the complete story.