Bank of India gets Rs 2,257 crore from govt | Hindustan Times
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Bank of India gets Rs 2,257 crore from govt

business Updated: Dec 30, 2017 14:53 IST

(Livemint photo)

State-run Bank of India on Saturday said it has received capital infusion of Rs 2,257 crore from the government.

“The bank has on December 29 received infusion of Rs 2257 crore from the Government of India, in 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,” Bank of India said in a BSE filing today.

The government had on October 24 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.

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