Capital Boost: Bank Of India Raises Stake In ASREC

Nikunj Parikh May 12, 2026 300 Views

Bank of India has infused Rs.22.64 crore into its associate ASREC (India) Limited, increasing its equity stake from 26.02% to 27.30%. This move underscores the bank’s commitment to strengthening its presence in asset reconstruction and signals confidence in ASREC’s future growth trajectory.