Bank of India and IREDA Join Hands in Green Finance

As stakeholders in sustainable development and carbon compliant economy, Bank of India and Indian Renewable Energy Development Agency (IREDA) have joined hands for co-lending, co- origination & loan syndication in renewable energy segment among others. Memorandum of Understanding (MOU) has been signed at the headquarters of Bank of India on 22nd August 2022 in the august presence of the MD & CEO Bank of India - Mr. A K Das & CMD IREDA- Mr. P K Das.

The partnership with IREDA, a Mini Ratna which is an established player in the field of renewable energy, would provide a good opportunity to the bank in terms of ESG business.

Shares of Bank of India was last trading in BSE at Rs. 48.70 as compared to the previous close of Rs. 49.85. The total number of shares traded during the day was 208101 in over 1784 trades.

The stock hit an intraday high of Rs. 49.55 and intraday low of 48.50. The net turnover during the day was Rs. 10165194.00.

Source : Equity Bulls

Keywords

BankofIndia INE084A01016 IREDA CoLending CoOrigination LoanSyndication GreenFinance RenewableEnergy