BoI may dilute 5 pc govt equity through public issue: CMD
State-run lender Bank of India said it may bring a public issue to raise fresh equity and dilute five per cent of the government equity.
NEW DELHI: State-run lender Bank of India on friday said it may bring a public issue to raise fresh equity and dilute five per cent of the government equity.
The government holds 69.4 per cent in the bank at present.
The country's sixth largest bank in terms of assets is also expecting up to 24 per cent loan growth in the current fiscal.
"We should be on target (on loan growth). We are expecting a 23-24 per cent growth in financial year 2007-08," BoI Chairman and Managing Director T S Narayanasami said.