Bank of India gets Rs 2,257 crore from govt

The bank has on December 29 received infusion of Rs 2257 crore from the Government of India, in form of Common Equity Tier-1 Capital, which is being kept as Share Application money and would be alloted after due procedure/conditions for allotment.

Bank of India gets Rs 2,257 crore from govt

State-run Bank of India today said it has received capital infusion of Rs 2,257 crore from the government.

"The bank has on December 29 received infusion of Rs 2257 crore from the Government of India, in form of Common Equity Tier-1 Capital, which is being kept as Share Application money and would be alloted after due procedure/conditions for allotment," Bank of India said in a BSE filing today.

The government had on October 24 unveiled a Rs 2.11 lakh crore two-year roadmap for strengthening NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support and equity dilution. 

Written By: PTI
Updated: Sat, Dec 30, 2017
03:08 PM IST
New Delhi, PTI
RELATED NEWS
Took home loan, car loan from this bank? Good news for you - Check details Took home loan, car loan from this bank? Good news for you - Check details
SBI, Canara Bank, 2 other public sector banks in India cut deposit, loan interest rates SBI, Canara Bank, 2 other public sector banks in India cut deposit, loan interest rates

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x