The bank also said it has received capital infusion of Rs 2,257 crore from the government.
"A meeting of the Board of Directors has been scheduled for January 20, to consider capital raising plans by the bank," Bank of India (BOI) said in a BSE filing.
BOI however did not elaborate on the quantum of funds it plans to raise.
The government on October 24 unveiled a Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support and equity dilution.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)