Bank of India announced that Acuite Ratings & Research has reaffirmed its credit ratings for the bank’s Basel-III compliant Additional Tier I and Tier II Bonds. The ‘ACUITE AA+’ rating for Additional Tier I Bonds and ‘ACUITE AAA’ for Tier II Bonds have been affirmed with a ‘Stable’ outlook. Some proposed perpetual Additional Tier I bonds and Tier II bonds have been withdrawn as per the issuer’s request.
Bank of India’s Credit Ratings Affirmed
Bank of India has received reaffirmed credit ratings for its Basel-III compliant Additional Tier I and Tier II Bonds from Acuite Ratings & Research. This development, reported on August 28, 2026, underscores the bank’s continued financial stability and market confidence.
Key Rating Details
The Additional Tier I Bonds, with a quantum of Rs. 1500.00 crore and ISIN INE084A08169, have been reaffirmed with a rating of ‘ACUITE AA+’ and a ‘Stable’ outlook. These bonds are due for maturity on December 2, 2027.
Similarly, the Tier II Bonds, amounting to Rs. 2000.00 crore and bearing ISIN INE084A08151, have also been reaffirmed with a rating of ‘ACUITE AAA’ and a ‘Stable’ outlook. The maturity date for these instruments is September 15, 2033.
Rating Rationale and Withdrawals
The reaffirmation is based on the sustained improvement in the bank’s earning profile, capital position, and asset quality. Acuite Ratings & Research highlighted the bank’s healthy capitalization levels and strong growth momentum in its overall business.
In accordance with Acuite’s policy and on the request of the issuer, certain instruments have been withdrawn. This includes Rs. 148.00 Cr. Proposed Perpetual Additional Tier-I Bonds and Rs. 602.00 Cr. Basel III Additional Tier-I Bonds, among others.
The press release issued by Acuite Ratings & Research, dated August 28, 2026, provides further details on the rating rationale and the specific instruments covered.
Source: BSE
