Corporate Actions

Back

Bank of India’s debt instruments received reaffirmations from Acuite Ratings & Research and ACUITE

28-Aug-26 19:11 Hrs IST

Bank of India has announced rating actions from Acuite Ratings & Research and ACUITE, reaffirming ratings on various debt instruments. Acuite Ratings & Research reaffirmed Additional Tier-I Bonds at AA+ with a stable outlook and Tier-II Bonds at MA with a stable outlook, while also withdrawing ratings for Basel III Additional Tier-I Bonds totaling 750.00, 602.00, and 148.00, citing requests from the issuer and lack of confirmation from the trustee. ACUITE reaffirmed ratings including Basel III AT1 Bonds of 1500.00, 750.00, and 602.00 at AA+ with a stable outlook, Basel III Tier II Bonds at AAA with a stable outlook, and assigned a rating of AA+ to Proposed Basel III compliant Tier II Bonds, alongside reaffirming several other instruments including Basel III ATI Bonds and Proposed Perpetual Additional Tier I Bonds, with some withdrawals and notations related to specific criteria and listing status.

Attention Investors:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. || KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. || No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.