Bank of India has successfully raised Rs 2,000 crore through the issuance of Tier II bonds with a coupon rate of 7.88%. This strategic move aims to strengthen the bank’s capital base and support its financial stability. The bond issuance reflects Bank of India’s commitment to optimizing its capital structure and ensuring compliance with regulatory requirements. Additionally, it signifies the confidence of investors in the bank’s financial health and stability, as they are willing to participate in such offerings. The funds raised through Tier II bonds will bolster the bank’s capacity to lend and support its growth initiatives, contributing to the overall stability of the banking sector in India.