BOI to raise up to Rs 2,500 cr via bonds

State-owned Bank of India on Friday said it will raise up to Rs 2,500 crore by issuing bonds.

The board of the lender, at a meeting held on Friday, approved raising of Tier-1 capital by issue of Basel-III compliant additional tier-I (AT-I) bonds of up to Rs 2,500 crore, it said in a regulatory filing.

The capital will be raised in one or more tranches, the bank added.