Bank of India held a virtual one-to-one meeting with Marshall Wace Asia on September 30, 2026. The interaction involved bank executives and the institutional investor firm.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references Sl. No. 15 of Para A of Schedule-III and Regulation 46(2)(o) of the same regulations.

Disclosure Details

The bank stated that only information available in the public domain was provided to the investor during the call. Bank of India explicitly noted that no Unpublished Price Sensitive Information (UPSI) was shared during the meeting.

The communication was signed by Usha Ramsinghani, Company Secretary, on behalf of the Investor Relations Cell. The reference number for the filing is HO:IRC:SVM:2026-27:224.

Bank of India has completed the full redemption of its 7.14% Tier II Bonds Series XV, amounting to ₹1,800 crore, on September 30, 2026. The bank exercised its call option to retire the debt instrument entirely.

The repayment included the principal amount along with broken period interest paid to bondholders. This action aligns with the bank's capital management strategy, effectively removing this specific tranche from its outstanding liabilities.

Redemption details

The redemption was executed pursuant to Regulation 57 of the SEBI (LODR) Regulations, 2015. The bank confirmed that the actual date of redemption coincided with the due date, ensuring no delay in settlement. The specific instrument redeemed was identified by ISIN INE084A08151.

Interest payment specifics

In addition to the principal repayment, Bank of India disbursed broken period interest totaling ₹64,08,39,453. The last regular interest payment on these bonds was made on April 2, 2026. The final payout ensures that all accrued obligations to the 1,800 redeemed units are settled in full.

What the numbers show

The exercise of the call option at maturity indicates a planned capital restructuring rather than an early retirement driven by distress or opportunistic refinancing. Since the redemption date matched the maturity date, the bank likely determined that the cost of maintaining this Tier II capital segment was no longer optimal compared to potential new issuance or internal accruals. The complete elimination of the outstanding balance simplifies the bank's debt profile for the upcoming fiscal periods.