Bank of India Approves ₹7,500 Crore Capital Raise to Bolster FY27 Balance Sheet
Capital Expansion Strategy The Board of Directors of Bank of India (BoI) officially approved a plan on Tuesday to raise up to ₹7,500 crore through the issuance of Tier-I and Tier-II bonds during the 2027 fiscal year. This strategic capital infusion, intended to strengthen the public sector lender’s capital adequacy ratios, follows a period of…