Bank of India to raise 20 billion rupees in second half of FY2014

MUMBAI (Reuters) - State-run lender Bank of India plans to raise 20 billion rupees via debt and equity in the second half of this fiscal year ending March 31, its chairwoman V.R. Iyer said on Friday.

The bank had earlier reported a rise of 8.7 percent in its first-quarter net profit.

(Reporting by Swati Pandey; Editing by Subhranshu Sahu)