StockWatch
·
Public Sector Bank
Corporate Governance23 Oct 2026, 05:30 pm

Bank of India: NIL Deviation in Fund Utilization for Q2 FY27

AI Summary

Bank of India has submitted its Statement of Deviation/Variation for the quarter ended September 30, 2026. The filing indicates NIL deviation or variation in the utilization of funds raised through private placement of Non-Convertible Securities. The company confirmed that there were no deviations in the objects or purposes for which funds were raised, nor in the amount of funds utilized against the originally disclosed figures. The total financial indebtedness of the listed entity was reported at ₹1,21,929.58 Crores as of the reporting date.

Key Highlights

  • Bank of India reports no deviation in fund utilization for Q2 FY27.
  • Funds were raised via private placement of Non-Convertible Securities.
  • No changes in the original objects or utilization amounts were noted.
  • Total financial indebtedness stands at ₹1,21,929.58 Crores.