Bank of India exercises call option on 7.14% Tier II bonds

1 min read | Published on 03 Sept 2026, 02:50 PM |Updated on 04 Sept 2026, 05:17 PM

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Ritika DScanX News Team

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Key Highlights

Bank of India exercises call option on 7.14% Tier II Bonds Series XV
Record date for redemption fixed at September 15, 2026
Final payment of principal and interest due on September 30, 2026
Bond series was originally issued in September 2021

*this image is generated using AI for illustrative purposes only.

Bank of India has exercised its call option on the 7.14% Tier II Bonds Series XV, fixing September 15, 2026, as the record date for redemption.

The bank notified stock exchanges on September 3, 2026, regarding the decision to redeem the bonds issued in September 2021. The action aligns with Regulation 15(7) of the SEBI (Issue & Listing of Non-Convertible Securities) Regulations 2021 and Regulation 60 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Notices were also published in newspapers on September 4, 2026.

Bond Details

The Series XV bonds were originally issued on September 30, 2021, pursuant to an information memorandum dated September 29, 2021. The instruments carry a coupon rate of 7.14% per annum, payable annually.

Feature	Detail
Instrument	Tier II Bonds Series XV
Coupon Rate	7.14% p.a.
Issue Date	September 30, 2021
Call Option Date	September 30, 2026
Record Date	September 15, 2026

Redemption Terms

Upon payment of the principal amount and broken period interest to bondholders on record as of September 15, 2026, the bank’s liability towards these securities will cease. The final payment is scheduled for September 30, 2026, coinciding with the call option maturity date.

Historical Stock Returns for Bank of India

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.76%	-7.15%	-9.72%	-13.05%	+8.54%	0.0%

How will the redemption of these Tier II bonds impact Bank of India's overall capital adequacy ratio and funding costs?

Will Bank of India issue new debt instruments to replace the redeemed capital, and if so, what coupon rates might be expected given current market conditions?

What does this call option exercise signal about the bank's current liquidity position and confidence in its future earnings capacity?

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Bank of India flags potential branch disruption due to union strike

0 min read | Published on 04 Sept 2026, 04:35 PM |Updated on 04 Sept 2026, 04:35 PM

Reviewed by

Shriram SScanX News Team

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Key Highlights

United Forum of Bank Unions issued strike notice for Sept 11, Sept 28-30, and from Oct 26, 2026
Strike involves seven unions including AIBEA, AIBOC, and BEFI
Bank warned that branch operations may be affected if strike materializes
Disclosure made under SEBI LODR Regulations 2015

*this image is generated using AI for illustrative purposes only.

Bank of India informed stock exchanges that the United Forum of Bank Unions has issued a strike notice for multiple dates in late 2026, potentially disrupting branch operations.

The bank disclosed the notice pursuant to Regulation 30 and Regulation 46(2)(o) of the SEBI (LODR) Regulations, 2015. The United Forum of Bank Unions (UFBU), comprising seven unions including AIBEA, AIBOC, BEFI, NCBE, AIBOA, INBEF, and INBOC, served the notice citing various issues and demands.

Strike Schedule

The unions have announced strikes on the following dates:

September 11, 2026
September 28 to 30, 2026
Continuous strike from October 26, 2026

Operational Impact

The bank stated it is taking necessary steps to ensure smooth functioning of its branches and offices during the strike days. However, it cautioned that if the strike materializes, the functioning of branches and offices may be affected.

The disclosure was signed by Usha Ramsinghani, Company Secretary, on September 4, 2026.

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