New Delhi, June 26 -- The Board of Directors of Bank of India on Thursday considered and approved issue of Long Term Infra Bonds to the tune of Rs 20,000 crore during the current financial year 2025-26.

The bank informed stock exchanges that the decision was taken at the meeting of the Board of Directors earlier today.

In February this year, Bank of India had raised 10 years Infrastructure Bonds of Rs 2,690 crore at 7.50 per cent per annum.

Other Public sector banks are also lining up fund-raising plans. Union Bank of India's board has approved raising of Rs 6,000 crore through a mix of equity an debt instruments. Rs 3000 crore will be raised through equities or rights issue and Rs 3000 Crore via AT1 and Tier-2 binds.

Infrastructure b...