Bank Of Indiahas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/04/2025 ,inter alia, to consider and approve Raising of Capital through issue ....
BANKINDIA · price
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Bank of India has informed the stock exchanges that its Board of Directors will meet on 30 April 2025 to consider and approve a proposal for raising capital. The capital will be raised through the issue of Basel III compliant Additional Tier 1 (AT-1) Bonds and Tier 2 Bonds. These are regulatory capital instruments that public sector banks issue to strengthen their capital adequacy ratios as required by the RBI. The size of the issue and pricing details have not been disclosed yet and will likely be finalized at or after the board meeting.
For shareholders, this is a routine capital-raising exercise for a PSU bank and does not involve equity dilution. The actual size, pricing, and timing of the bond issue will become clearer after the board meeting on 30 April.