Bank of India to raise Rs 10,000 crore via infra bonds 
News Updates

Bank of India to raise Rs 10,000 crore via infra bonds

Bank of India (BoI) on Wednesday said its board has given approval to raise Rs 10,000 crore through long-term infra bonds to fund infrastructure projects

PTI

New Delhi: State-owned Bank of India (BoI) on Wednesday said its board has given approval to raise Rs 10,000 crore through long-term infra bonds to fund infrastructure projects.

The fund would be raised in 2024-25, BoI said in a regulatory filing.

PSU Watch is now on Whatsapp Channels. Click here to join

Recently, many banks including SBI have issued infrastructure bonds to secure funds that are solely dedicated to advancing various infrastructure development projects.

These bonds help in building roads, bridges, airports, power plants, and telecommunications networks etc and addressing the infrastructure deficit of the country.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Also Read

GAIL reports net profit of Rs 5,706 crore for nine months of FY'26

Leadership Transition at HSL: Cmde Girideep Singh, superannuates; Capt. Ganti Venkateswarlu assumes additional charge as C&MD

NALCO posts record Rs 1,601 crore net profit in Q3 FY26; nine-month profit touches all-time high of Rs 4,098 crore

If firm profits more from its scale, it has to bear more responsibility for environmental costs: SC

BoB Q3 net profit inches up 4.39%, lowers FY26 credit costs as asset quality holding up