Bank of India gets Rs. 2,257 cr From Govt

Bank of India gets Rs. 2,257 cr From Govt
State-run Bank of India has received capital infusion of Rs. 2,257 crore from the government. “The bank has received infusion of Rs. 2,257 crore from the Government of India, in the form of Common Equity Tier-1 Capital, which is being kept as Share Application money and would be alloted after due procedure/ conditions for allotment”.

The government had unveiled a Rs. 2.11 lakh crore two-year roadmap for strengthening NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support and equity dilution.
Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • Bank of India was founded on 7th September 1906.
  • Dinabandhu Mohapatra is Managing Director & CEO of Bank of India.
  • Headoffice of Bank of India- Mumbai.
Source- The Economic Times


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