State-run Bank of India announced on Thursday (April 30) that its board has approved raising up to ₹7,500 crore through the issue of Basel III-compliant Tier-I and Tier-II bonds during FY27. According to reports from CNBC TV18, the fundraise will comprise up to ₹2,500 crore through Tier-I bonds and up to ₹5,000 crore through Tier-II bonds, as the bank seeks to strengthen its capital base for future growth initiatives.
The bank demonstrated robust performance in April 2026, with its global business rising 14.53% YoY to ₹16.98 lakh crore as of March 31, 2026, compared to ₹14.83 lakh crore in the same period last year. As reported by CNBC TV18, global deposits increased 13.58% YoY to ₹9.27 lakh crore, up from ₹8.16 lakh crore a year ago. Gross global advances grew 15.69% YoY to ₹7.70 lakh crore, compared to ₹6.66 lakh crore in Q4 FY25.
On the domestic front, total deposits rose 14.33% YoY to ₹8.00 lakh crore, against ₹7.00 lakh crore last year. According to CNBC TV18, the momentum in lending remained strong, with gross domestic advances increasing 15.95% YoY to ₹6.53 lakh crore, up from ₹5.63 lakh crore. The bank's retail, agriculture and MSME (RAM) portfolio remained a key growth driver, with gross RAM advances surging 18.63% YoY to ₹3.82 lakh crore, compared to ₹3.22 lakh crore in the year-ago period.
Despite the positive business developments, shares of Bank of India Ltd ended at ₹139.90, down by ₹3.30, or 2.30%, on the BSE on Thursday. As reported by CNBC TV18, the stock movement reflects broader market sentiment or specific investor concerns that may not be directly related to the capital raise announcement. The decline occurred amid broader market volatility, with Indian equity markets experiencing significant pressure from rising crude oil prices and a record-low rupee hitting all-time lows.
