Bank of India shares in focus as state lender raises Rs 2,690 crore via 10-year infra bonds at 7.50%

State-owned Bank of India has raised Rs 2,690 crore through 10-year infrastructure bonds at a 7.50% rate to fund long-term projects and affordable housing. Strong investor interest saw bids totaling Rs.8,845 crore. The bank’s Q3FY25 net profit surged 35% year-on-year to Rs 2,517 crore.