The Bank of India board will meet today to examine a fundraising proposal for $6,500 billion

The Bank of India board will meet today to examine a fundraising proposal for $6,500 billion.

If necessary, the bank may also decide to raise the same amount by issuing Basel-III compliant Additional Tier-1 bonds in either domestic or foreign currency.

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The Bank of India would also consider the idea of issuing Tier-2 bonds.

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The bank reported a 12% YoY increase in net profit for the December-end.

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