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BOI Board to meet next week to consider fundraising

Press Trust of India  |  New Delhi 

Public sector lender of today said its Board will meet on January 20 to consider raising funds.

The also said it has received capital infusion of Rs 2,257 crore from the

"A meeting of the Board of Directors has been scheduled for January 20, to consider capital raising plans by the bank," of (BOI) said in a filing.

BOI however did not elaborate on the quantum of funds it plans to raise.

The 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.

of were trading 1 per cent up at Rs 166.55 per scrip on

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 13:15 IST