Bank of India has announced that its Board of Directors has approved a major capital raising plan through the issuance of Basel III-compliant bonds for the financial year 2026–27.
The decision was taken at a Board meeting held on April 30, 2026, where the bank approved raising up to ₹7,500 crore through Tier I and Tier II bonds.
Breakdown of Capital Raising Plan
The approved fundraising includes:
-
₹2,500 crore through Basel III compliant Tier I bonds
-
₹5,000 crore through Basel III compliant Tier II bonds
These instruments are designed to strengthen the bank’s capital adequacy and support future growth requirements in line with regulatory norms.
Board Meeting Details
The Board meeting commenced at 3:30 PM and concluded at 5:00 PM on April 30, 2026, as per the regulatory filing submitted to both stock exalters.
The disclosure was built to the National Stock Exalter of India Limited and BSE Limited under applicable SEBI Listing Regulations.
Strengthening Capital Base
The planned issuance of Basel III-compliant bonds is aimed at:
-
Enhancing capital adequacy ratios
-
Supporting credit growth
-
Strengthening long-term financial stability
-
Meeting regulatory capital requirements
This shift aligns with broader sector trconcludes where public sector banks are actively reinforcing their balance sheets to support economic expansion.
Note*: All the articles and given information on this page are information based and provided by other sources. For more readTerms & Conditions
Leave a Reply