Bank of India informed the stock exchanges on August 10, 2026, that its board will meet on August 14, 2026, to consider and approve a plan to raise foreign-currency funds. According to the BSE filing, the proposal involves establishing a Medium-Term Note programme of up to USD 1 billion.

The Bank of India MTN programme is proposed to facilitate bond issuances in multiple tranches. The public-sector bank submitted the intimation under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Proposed bond structure and timeline

The proposal placed before the board covers the raising of foreign-currency funds through three-year or five-year US dollar bonds. Bank of India said the bonds under the proposed programme would be issued through its BOI GIFT City Branch.

  • Proposed programme size: up to USD 1 billion
  • Fundraising currency: foreign currency through US dollar bonds
  • Issuance format: multiple tranches
  • Proposed tenors: three years or five years
  • Programme timeline stated in the filing: up to December 31, 2026

The filing presents these points as terms for consideration and approval by the board. It does not state that the fundraising proposal has already received board approval or that any bonds have been issued.

Exchange disclosure

The disclosure was addressed to BSE Ltd and the National Stock Exchange of India Ltd. Bank of India’s shares are identified in the filing under BSE scrip code 532149 and NSE symbol BANKINDIA.

The exchange communication was signed by Company Secretary Usha Ramsinghani. The filing is an advance intimation of the scheduled board meeting and the capital-raising proposal to be considered at that meeting. No individual tranche size, coupon rate, issue price or investor allocation was specified in the supplied disclosure.

Source: BSE corporate announcement.