Bank of India’s board approves fundraising of ₹20,000 crore via long-term infra bonds; shares surge 1%

Bank of India announced that its board of directors, at a meeting on Thursday, June 26, approved raising ₹20,000 crore in funds in FY26 by issuing long-term infrastructure bonds.

“The board of directors of our bank at their meeting held today, i.e., 26th June, 2025, considered and approved the issue of Long Term Infra Bonds to the tune of ₹20,000 crore during the FY 2025-26,” Bank of India (BOI) said in a regulatory filing.

The bank is also set to hold its 29th annual general meeting (AGM) on Friday, June 27, wherein shareholders' votes for BOI’s dividend will be counted and declared.

The nationalised bank’s board of directors had recommended a dividend of ₹4.05 (i.e., 40.50%) per fully paid-up equity share with a face value of ₹10 for FY25 each fully paid up) for the FY2024-25, subject to shareholder approval at the ensuing 29th AGM.

The board had fixed Friday, June 20, 2025, as the record date for the purpose of dividend payment.

BOI Q4 results

The public sector bank’s consolidated net profit stood at ₹2,626 crore in the March FY25 quarter, jumping 82.5% year-on-year (YoY) from ₹1,439 crore in the corresponding period a year ago

Its net interest income (NII) surged 2.1% YoY to ₹6,063 crore in the quarter under review, compared to ₹5,936 crore in the fourth quarter of FY24. . BOI’s overall asset quality improved with gross non-performing assets (GNPA) contracting by 171 basis points YoY to 3.27%, as against 4.98% in Q4FY24. Furthermore, its net NPA shrank by 40 basis points to 0.82% from 1.22%.

BOI stock performance

Shares of Bank of India closed in the green at ₹116.91, up 0.65% on the National Stock Exchange (NSE) on Thursday. The stock climbed 0.95% to an intraday high of ₹117.25 apiece following the fundraising announcement.

It has gained 3.33% over the week but lost 4.09% since the beginning of June. The scrip has soared 9.18% so far in the first quarter of FY26 and 14.77% on a year-to-date basis.

It reached a 52-week peak of ₹130.24 on June 10, 2025, and a low of ₹90.05 on January 13, 2025.

BOI has a total market capitalisation of ₹53,225.24 crore, as of June 26, 2025, according to the data on the NSE.