Comments
Public sector lender Bank of India on Thursday said its Board will meet on January 20 to consider raising funds.
The bank also said it has received capital infusion of ₹2,257 crore from the government.
“A meeting of the Board of Directors has been scheduled for January 20, to consider capital raising plans by the bank,” Bank of India (BOI) said in a BSE filing.
BOI however did not elaborate on the quantum of funds it plans to raise.
The government on October 24 unveiled a ₹2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support and equity dilution.
Shares of Bank Of India were trading 1 per cent up at ₹166.55 per scrip on BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.