NARCL received a Rs 108.81 crore investment from Bank of India

On March 21, the Bank of India (BoI) announced a Rs 109 crore investment in National Asset Reconstruction Company Ltd. (NARCL). In a regulatory statement, the bank stated, “We thus announce that on March 21, 2022, the bank invested Rs 108.81 crore in National Asset Reconstruction Company Ltd (NARCL) under preferential share issue.”

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

KEY POINTS:

• As of March 21, 2022, the bank’s stake in NARCL will be nine per cent. NARCL is a government-backed asset reconstruction firm that was founded in July 2021.
• On the BSE, BoI shares closed at Rs 47.50 per share, down 1.14 per cent from the previous close.

Find More Banking News Here