Bank of India to raise upto Rs 7,360 cr

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New Delhi, Jul 18: Bank of India on Friday,July 18, said it will raise up to Rs 7,360 crore through Tier I and II bonds.

''The Board of Directors has approved to raise Tier I and Tier II Capital through issuance of Innovative Perpetual Debt Instruments (IPDI), Preference Shares, Tier II Bonds and Upper Tier II Capital Bonds to the extent of Rs 7,360 crore at an appropriate time,'' a company statement said.

UNI

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