Mumbai, April 30 -- Bank of India's board has approved raising up to Rs.5,000 crore in capital during FY2025-26 by issuing Basel-III compliant bonds, comprising Rs.2,500 crore each in Tier-I and Tier-II instruments, the lender said in a stock exchange filing on Wednesday.

In a significant move earlier this year, the bank also raised $400 million through a dollar syndicated loan-its first such deal since 2012-marking a return to the international borrowing market, Bloomberg reported, citing sources.

The uniqueness of the transaction attracted robust interest, allowing the bank to increase the amount by $100 million via a greenshoe option.

On Wednesday, shares of Bank of India closed 2.27% lower at Rs.115.15 on the NSE, underperforming t...