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Bank of India's Board approved a capital raise of ₹7,500 Crore for FY 2026-27. The fundraise includes ₹2,500 Crore via Basel-III compliant Tier-I bonds and ₹5,000 Crore via Tier-II bonds to strengthen its capital base.
Bank of India announced the superannuation of Shri Vishnu Kumar Gupta, Chief Vigilance Officer, effective April 30, 2026. He retired from the services of the Bank at the close of office hours. This is a routine senior management departure notification under SEBI Regulation 30.
Bank of India announced that its MCLR and RBLR remain unchanged effective May 1, 2026. However, the bank revised its Fixed Rate Spread (FRS) across various tenors, with new rates ranging from 8.75%+CRP for 1-year to 10.00%+CRP for 5-year tenors.
Bank of India has scheduled a board meeting for April 30, 2026, to consider raising capital during FY 2026-27. The proposed fund raise involves issuing Basel III compliant AT-1 and Tier II bonds. Trading window for designated persons remains closed from April 1, 2026, until May 11, 2026.
Bank of India has scheduled a Board of Directors meeting on April 30, 2026. The board will consider a proposal to raise capital through the issuance of Basel III compliant Additional Tier 1 and Tier 2 bonds for the 2026-27 financial year.
Bank of India has re-appointed Mr. Rajneesh Karnatak as Executive Director for a period of 36 months, effective April 23, 2026. The move ensures leadership continuity for the bank's board and management.
Bank of India announced that the Central Government has extended the term of Shri Rajneesh Karnatak as MD & CEO for three years. The extension begins after his current term ends on April 28, 2026. This leadership continuity provides stability to the bank's strategic management for the upcoming period.
Bank of India reported net profit of ₹2,812 Cr (+6.6% YoY) for Q3 FY26.
Bank of India has reorganized its senior management by assigning additional charges to Shri Satendra Singh and Shri Ashutosh Mishra. Effective April 7, 2026, the appointments carry terms of six and nine months, respectively. This leadership adjustment aims to optimize executive responsibilities within the bank's administrative structure.
Bank of India has announced a change in senior management assignments. Shri Satyendra Singh moves from CTO to CIO, while Shri Ashutosh Mishra is appointed as the new Chief Technology Officer. These internal leadership realignments aim to optimize the bank's IT and data analytics functions.
Bank of India submitted its centralized database report for corporate bonds, confirming annual interest payments across nine bond series totaling ₹29,690 Crore. Payments for Additional Tier-I, Tier-II, and Infrastructure bonds were successfully processed on April 2, 2026, following a bank holiday. The bank reported no defaults on any debt securities.
Bank of India submitted its half-yearly disclosure of outstanding debt securities for the period ending March 2026. The bank reported nine active ISINs totalling ₹32,790 Crore in outstanding debt, including Basel III Tier-I and Tier-II bonds with coupon rates ranging from 7.14% to 8.57%.
Bank of India submitted its RTA certificate for the quarter ended March 31, 2026, as per SEBI regulations. The certificate confirms that security certificates received for dematerialisation were processed, cancelled, and substituted in the register of members within the mandated 15-day period.