Bank of India has announced that its Board of Directors will meet on April 30, 2026, to evaluate a proposal for raising capital. The bank plans to issue Basel III compliant Additional Tier 1 and Tier 2 bonds to strengthen its financial position for the 2026-27 fiscal year. This strategic move aims to bolster the bank’s capital adequacy and support its ongoing business growth objectives.
Capital Raising Initiative
Bank of India is set to explore options for capital augmentation to support its operations throughout the 2026-27 fiscal year. The Board of Directors is scheduled to convene on April 30, 2026, to formally review and deliberate on the proposal to issue debt instruments.
Focus on Basel III Compliant Bonds
The proposed capital raising exercise will specifically target the issuance of Basel III compliant Additional Tier 1 (AT-1) and Tier 2 bonds. These financial instruments are commonly utilized by banking institutions to meet regulatory capital requirements and maintain a healthy capital buffer. By issuing these bonds, Bank of India intends to enhance its long-term capital structure and ensure continued stability in its lending and financial activities as it moves forward in the new financial year.
Source: BSE
