Bank of India receives ratings action from CRISIL

Bank of India announced that CRISIL has upgraded its ratings on Additional Tier I Bonds (under Basel III) to CRISIL AA/ Stable from CRISIL AA-/Stable. CRISIL Ratings has also assigned its 'CRISIL AA+/Stable' rating to the Rs 1,800 crore tier II bonds (under Basel III) and reaffirmed its 'CRISIL AA+/Stable/CRISIL A1+' ratings on the Tier II Bonds (under Basel III) and the certificate of deposit.

CRISIL Ratings has also assigned its 'CRISIL AA+/Stable' rating to the Rs 1,800 crore tier II bonds (under Basel III) and reaffirmed its 'CRISIL AA+/Stable/CRISIL A1+' ratings on the Tier II Bonds (under Basel III) and the certificate of deposit.

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