Bank of India — Others, 24-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Bank of India has engaged in thorough reporting of fund utilizations for the quarter ending December 31, 2024. The bank confirmed that there has been no deviation in the utilization of proceeds from its recent bond issuance of ₹5,000 crore, fully allocated for long-term infrastructure and affordable housing projects. All raised funds have been utilized as initially stated in the respective Information Memorandum, maintaining purpose alignment. This clarity underlines strong financial governance and could instill confidence among investors, portraying a positive outlook on the bank’s financial health and operational integrity.