July 26, 2013 / 9:42 AM / 4 years ago

Bank of India to raise $338 mln in second half of FY2014

MUMBAI, July 26 (Reuters) - State-run lender Bank of India Ltd plans to raise 20 billion rupees ($338.29 million) via debt and equity in the second half of this fiscal year ending March 31, its chairwoman V.R. Iyer said on Friday.

The bank had earlier reported a rise of 8.7 percent in its first-quarter net profit.

$1 = 59.1200 Indian rupees Reporting by Swati Pandey; Editing by Subhranshu Sahu

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