Bank of India to consider fundraising via long-term infrastructure bonds

Bank of India informed the exchanges on June  20 that its board of directors will consider a proposal to raise funds through the issuance of long-term infrastructure bonds at a meeting scheduled for June 26, 2025.

Previously in FY24-25, BoI raised ₹2,690 crore through a 10‑year infrastructure bond at a 7.50% coupon, oversubscribed nearly sixfold. Bank of India also announced plans to raise up to ₹5,000 crore during the financial year 2025-26 through the issuance of Basel-III compliant bonds.

The shares of Bank Of India ended at ₹113.10 on the BSE, up ₹1.45 or 1.30%, on Friday (June 20).
In the March quarter, the lender posted an 82.5% year-on-year rise in profit at ₹2,626 crore. The bank’s net interest income (NII) or core income rose 2.1% to ₹6,063 crore against ₹5,936 crore in the year-ago quarter.

Bank of India also announced a dividend of ₹4.05 (40.50%) per equity share of ₹10 face value for the financial year 2024-25.

Also Read: US imposes 340.7% countervailing duty on LT Foods arm Ecopure’s organic soybean meal exports