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Bank of India approves INR 20,000 crore infra bond issue

June 30, 2025 at 07:07 AM UTCBy FilingReader AI

Bank of India (BANKINDIA) has announced the approval of issuing long-term infrastructure bonds to raise INR 20,000 Crore during the financial year 2025-26, a decision made at a board meeting held on June 26, 2025. Concurrent with this fundraising initiative, the bank successfully conducted its 29th Annual General Meeting (AGM) on June 27, 2025, wherein shareholders approved the Audited Balance Sheet, profit and loss statements for the financial year ended March 31, 2025, the Directors' report, and a dividend of INR 4.05 per equity share. The AGM also saw the appointment of M/s Sawant & Associates as Secretarial Auditor for a five-year term beginning FY 2025-26, in compliance with SEBI regulations. This strategic decision, as well as the outcomes of the AGM were facilitated through remote e-voting in order to encourage participation. Finally, the bank announced its compliance with regulatory requirements pertaining to a one-on-one meeting with Incred Research Services, confirming adherence to transparency guidelines.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:BANKINDIABombay Stock Exchange

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