Bank of India plans to issue new bonds

March 18, 2008

Bank of India has announced that it is planning to issue bonds worth Rs. 7360 crores at an appropriate time in order to meet credit growth and capital requirements of the bank. The board of directors of the bank has given its approval for the tier I and tier II capital through the issue of bonds and through other means as deemed fit by the management of the bank from time to time based on the capital requirements of the bank as stipulated by the reserve bank of India and the credit growth requirements of the bank.

Posted in Indian Banks