Bank of India to consider raising capital via bond issue

Bank of India (BSE: BANKINDIA) has announced that its Board of Directors will convene on April 30, 2025, to consider a proposal for raising capital through the issuance of Basel III compliant Additional Tier 1 (AT-1) and Tier 2 bonds. This decision was made in terms of Regulation 29 and Regulation 50(1) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to the National Stock Exchange of India and the Bombay Stock Exchange.