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The Economic Times

Business

S&P assigns Bank of India 'BBB' rating on capital, funding strength

Bank of India United States BoI SP

New Delhi: S&P Global Ratings on Tuesday assigned 'BBB' long-term rating to Bank of India (BoI) on sufficient capitalisation, solid funding, and healthy liquidity.

The US-based agency said the ratings reflect the likelihood of extraordinary support for the state-run bank from the government, if needed.

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