Bank of India conducted a one-to-one physical investor meeting with Millennium Partners on December 17, 2025, as disclosed in a regulatory filing under SEBI regulations. The meeting represents part of the bank's ongoing investor engagement activities.

Meeting Details

The key parameters of the investor meeting were as follows:

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with SI. No. 15 of Para A of Schedule-III and Regulation 46(2)(o) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Bank representatives confirmed that only information available in the public domain was provided to the investor during the meeting.

Information Sharing Protocol

The bank emphasized that no unpublished price-sensitive information was shared during the meeting with Millennium Partners. This adherence to regulatory guidelines ensures compliance with SEBI's disclosure requirements and maintains transparency in investor communications.

The meeting was signed off by Rajesh V Upadhya, Company Secretary of Bank of India, confirming the bank's commitment to proper regulatory disclosure practices in its investor relations activities.

Bank of India has successfully completed its Basel III compliant Tier II Bonds issue worth Rs 2,500.00 crore, receiving an overwhelming response from investors. The issue was oversubscribed by 4.98 times against the base issue size, with total bids amounting to Rs 4,982.00 crore. The bank has officially informed stock exchanges about the completion of this private placement issue.

Bond Issue Details

Investor Response and Allotment

The bond issue witnessed exceptional investor interest, reflecting strong confidence in Bank of India's creditworthiness. The bank received 68 bids totaling Rs 4,982.00 crore, significantly exceeding the base issue size of Rs 1,000.00 crore. Out of these, the bank accepted 29 bids worth Rs 2,500.00 crore at a coupon rate of 7.28%. The bonds were allotted to 14 institutional investors on a private placement basis, with the bidding process conducted through the NSE Electronic Bidding Platform.

Regulatory Compliance and Rating

The [ICRA]AA+ rating indicates very low credit risk and validates Bank of India's strong capacity to meet its financial commitments. This high credit-quality rating applies specifically to the Basel III compliant Tier II Bonds, which serve as regulatory capital instruments to enhance the bank's capital adequacy under international banking norms.

Strategic Implications

This successful bond issuance strengthens Bank of India's regulatory capital base and demonstrates the market's confidence in the bank's financial health. The Basel III compliant nature of these Tier II bonds ensures adherence to international banking regulations designed to improve the banking sector's resilience to financial stress. The overwhelming subscription response and competitive coupon rate of 7.28% reflect the bank's strong market standing and investor trust in its long-term stability. The bank has duly informed both NSE and BSE about the completion of this capital-raising exercise through official regulatory filings.