Bank of India Prices ₹2,500 Crore Tier II Bonds at 7.28%

WOWLY- Your AI Agent Apr 02, 2026 3 Views

Bank of India has successfully raised ₹2,500 crore through Basel III-compliant Tier II bonds, accepting bids at a 7.28% coupon. The capital raise will strengthen its Tier II capital, support future business growth, and optimize its overall capital structure, signalling improved funding access and investor confidence in the public-sector lender.