Bank of India gets AA+ stable rating for Basel-III tier II bonds

Bank of India announced on November 18, 2025, that ICRA Ltd. has assigned an "[ICRA]AA+ (Stable); assigned" rating to its Basel-III compliant Tier II Bonds. This rating applies to a total amount of INR 2,500.00 crore in bonds. The decision was made by ICRA's Rating Committee as per a Rating Agreement/Statement of Work executed on October 23, 2025.

The rating, valid throughout the life of the programme once issued, is subject to review based on new information or other circumstances that may impact it. ICRA also emphasized that any changes in the terms or size of the rated instrument would necessitate a review of the rating. The bank is required to inform ICRA of any default or delay in repayment of interest or principal and any developments impacting its debt-servicing capability.

The announcement, made in compliance with SEBI (LODR) Regulations, highlights Bank of India's commitment to transparency in its financial disclosures. Additionally, the bank is encouraged to utilize the penny-drop verification service for investor payments, aligning with SEBI Circular No. SEBI/HO/DDHS/DDHS-POD-3/P/CIR/2024/160 dated November 18, 2024, to prevent payment failures.