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Bank of India to raise Rs 8,000 cr, gets shareholders’ nod

Bank of India to raise Rs 8,000 cr, gets shareholders’ nod

🕔14:06, 20.Sep 2020

Mumbai, Sep 20 Bank of India has received its shareholders approval to raise up to Rs 8,000 crore through several modes including equity shares. The shareholders gave the approval in its Extraordinary General Meeting on Saturday, the bank said in a

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Bank of India’s Q1 consolidated net profit surges to Rs 846 cr

Bank of India’s Q1 consolidated net profit surges to Rs 846 cr

🕔17:49, 3.Aug 2020

Mumbai, Aug 3  Bank of India on Monday reported over five-fold increase in its consolidated net profit for the April-June quarter at Rs 845.78 crore. During the corresponding period of the last fiscal (2019-20), the bank had reported a consolidated

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Bank of India board mulls raising funds on August 3

Bank of India board mulls raising funds on August 3

🕔13:59, 29.Jul 2020

Mumbai, July 29 Bank of India on Wednesday said that its Board of Directors will consider raising funds through several options including further issue of equity shares and bonds at its meeting on August 3. Shares of the bank surged after

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Fitch revises outlook on 9 Indian banks to negative

Fitch revises outlook on 9 Indian banks to negative

🕔17:41, 22.Jun 2020

New Delhi, June 22 After downgrading India’s outlook to negative from stable, Fitch Ratings on Monday revised the outlook on nine Indian banks to negative. The outlook on the Long-Term Issuer Default Ratings (IDR) was revised to negative from stable

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RBI slaps penalties on Bank of India, Karnataka Bank

RBI slaps penalties on Bank of India, Karnataka Bank

🕔06:51, 29.May 2020

Mumbai, May 29  The Reserve Bank of India (RBI) said on Thursday that it has imposed a monetary penalty of Rs 5 crore on Bank of India. According to the regulator, the penalty was imposed for non-compliance with certain norms

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Bank of India cuts six month MCLR by 10 bps

Bank of India cuts six month MCLR by 10 bps

🕔05:38, 8.Feb 2020

New Delhi, Feb 8  Bank of India has reduced MCLR by 10 bps for maturities upto 6 months. The bank has reduced interest rates on housing loans, which will now be available from 8 per cent annually and vehicle loans

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Bank of India Q2 profit Rs 266 cr as bad loan provisions fall

Bank of India Q2 profit Rs 266 cr as bad loan provisions fall

🕔12:57, 2.Nov 2019

New Delhi, Nov 2  State-run Bank of India posted Q2 profit of over Rs 266 crore against a loss of Rs 1,156 crore in the year-ago period while its asset quality partly improved. Bank of India reported a net profit

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BBB invites applications for MD & CEO post in PNB, BoI

BBB invites applications for MD & CEO post in PNB, BoI

🕔10:25, 19.Aug 2019

New Delhi, Aug 19  The Bank Board Bureau (BBB) has invited applications for the post of Managing Director and Chief Executive Officer (MD & CEO) in the Punjab National Bank (PNB) and the Bank of India (BoI). According to the

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Government to infuse more than Rs 10,000 cr into Bank of India

Government to infuse more than Rs 10,000 cr into Bank of India

🕔18:46, 30.Dec 2018

Mumbai, Dec 30  The Central government has decided to infuse Rs 10,086 crore into Bank of India. The bank informed the BSE in a regulatory filing on Saturday that the capital infusion in its equity will be done by way

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BOI denies plans to discontinue free banking services

BOI denies plans to discontinue free banking services

🕔10:02, 13.Jan 2018

New Delhi, Jan 13  State-run lender Bank of India on Friday said it has no plans to levy charges on those “services which are available free of charges currently”. “There were reports… that all free services of PSBs including Bank

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Bank of India receives Rs 2,257 cr from government

Bank of India receives Rs 2,257 cr from government

🕔13:28, 31.Dec 2017

Mumbai, Dec 31  Public sector lender Bank of India on Saturday said it has received a capital infusion Rs 2,257 crore from the government. “The bank has on December 29 received an infusion of Rs 2,257 crore from Government of

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Bank of India records profit in Q1

Bank of India records profit in Q1

🕔22:31, 9.Aug 2017

Kolkata, Aug 9 (IANS) State-run Bank of India (BoI) on Wednesday reported a net profit of Rs 87.71 crore in the first quarter which ended on June 30, compared with a loss of Rs 741.36 crore in the year-ago period. The

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