Bank of India

Bank of India postpones Rs 3,000 cr QIP plan

Bank of India postpones Rs 3,000 cr QIP plan

It is to be noted that the bank has been placed under the Prompt Corrective Action (PCA) framework by the Reserve Bank of India (RBI) following inspection of books in March 2017.

Jan 15, 2018, 13:09 PM IST
Bank of India gets Rs 2,257 crore from govt

Bank of India gets Rs 2,257 crore from govt

The government had on October 24 unveiled a Rs 2.11 lakh crore two-year roadmap for strengthening NPA-hit public sector banks.

Dec 30, 2017, 14:55 PM IST
No question of closing down any PSB, says govt & RBI

No question of closing down any PSB, says govt & RBI

The RBI said that under its supervisory framework, it uses various measures/tools to maintain sound financial health of banks.

Dec 22, 2017, 16:56 PM IST
Air India gets Rs 1,500-crore loan from Bank of India

Air India gets Rs 1,500-crore loan from Bank of India

For the second time in recent months, the flagship carrier has received loans from a public sector lender.

Nov 12, 2017, 17:34 PM IST
SBI results signal PSU banks' record bad loans peaking

SBI results signal PSU banks' record bad loans peaking

Given the grim situation, the Indian government last month announced a $32 billion recapitalisation of state lenders to help resolve bad loans and kick-start lending growth.

Nov 10, 2017, 16:55 PM IST
Govt appoints executive directors in 9 public sector banks

Govt appoints executive directors in 9 public sector banks

Bajrang Singh Shekhawat has been appointed executive director of Central Bank of India.

Oct 10, 2017, 14:53 PM IST
BOI slashes savings rate to 3.5% for deposits up to Rs 50 lakh

BOI slashes savings rate to 3.5% for deposits up to Rs 50 lakh

Public lender Bank of India has reduced interest rate on savings bank accounts by 50 basis points to 3.5 percent on deposits of up to Rs 50 lakh.

Aug 24, 2017, 12:43 PM IST
After SBI, Bank of India also considering reduction in savings rate

After SBI, Bank of India also considering reduction in savings rate

Bank of India has said it is considering reducing the Savings Bank account rate on the lines of State Bank of India and also the interest rate on deposits.

Aug 21, 2017, 15:02 PM IST

Bank of India back in black on better asset quality; Q1 net at Rs 88 crore

Upgradation stood at Rs 1,379 crore in Q1 as compared to Rs 2,209 crore in the year-ago period and Rs 1,071 crore in the March 2017 quarter.

Aug 09, 2017, 13:15 PM IST
12 PSU banks firming plans to raise funds from markets

12 PSU banks firming plans to raise funds from markets

Board of PNB has given its approval for raising equity capital to the tune of Rs 3,000 crore through FPO, QIP or rights issue.

Aug 06, 2017, 16:53 PM IST
Nine out of 21 public sector banks reported losses in FY17

Nine out of 21 public sector banks reported losses in FY17

Nine of the 21 public sector banks, including IDBI Bank and Indian Overseas Bank, reported losses during 2016-17, the parliament was informed on Tuesday.

Jul 18, 2017, 15:28 PM IST
Number of public sector banks may go down to 12 as government mulls consolidation

Number of public sector banks may go down to 12 as government mulls consolidation

The 21 public sector banks would get consolidated to 10- 12 in the medium term, the official said.

Jul 16, 2017, 12:56 PM IST

Bank of India trims Q4 loss to Rs 1,045 crore; checks bad loans

Bank of India has narrowed net loss to Rs 1,045.54 crore in the fourth quarter of last fiscal as it contained bad loans.

May 22, 2017, 14:28 PM IST
Govt appoints heads of 7 PSU banks; MDs of PNB, BoI shifted

Govt appoints heads of 7 PSU banks; MDs of PNB, BoI shifted

PNB MD Usha Ananthasubramanian has been shifted to relatively small Kolkata-based Allahabad Bank while head of Bank of India Melwyn Rego will move to Syndicate Bank with immediate effect.

May 06, 2017, 10:25 AM IST

BOI sells entire 5% stake in TransUnion CIBIL for Rs 190.62 cr

Public sector lender Bank of India (BOI) has sold its entire 5 percent stake in credit information firm TransUnion CIBIL Ltd to TransUnion International Inc for Rs 190.62 crore.

Mar 23, 2017, 12:58 PM IST
Chetan Bhagat demands good execution of demonetisation move, says 'don't use patriotism as excuse for bad operations'

Chetan Bhagat demands good execution of demonetisation move, says 'don't use patriotism as excuse for bad operations'

As banks and ATMs on continue to witness chaos, famous novelist Chetan Bhagat on Saturday opined, while demonetisation might be well-intentioned, the poor execution of an idea leads to problems for ordinary citizens.

Nov 12, 2016, 11:45 AM IST
BOI sells 18% stake in insurance JV to partner Dai-ichi Life

BOI sells 18% stake in insurance JV to partner Dai-ichi Life

 State-owned Bank of India (BOI) has sold 18 percent stake in the insurance joint venture Star Union Dai-ichi Life Insurance Company Ltd (SUD) to its Japanese partner.

Sep 26, 2016, 16:37 PM IST

BoI net loss soars to Rs 3,567 cr as bad loans bite

The bank had reported a net loss of Rs 56 crore in the same quarter last year.

May 25, 2016, 09:20 AM IST
After SBI, UCO Bank and two other public lenders to get merged?

After SBI, UCO Bank and two other public lenders to get merged?

After asking State Bank of India (SBI) to merge its 5 associate banks, the government may ask three other public lenders namely UCO Bank, Bank of India and Indian Overseas Bank with financially sound bank

May 19, 2016, 14:00 PM IST

3 PSU banks to get Rs 2,375-crore capital infusion from govt

As many as three public sector lenders including Bank of India and Central Bank of India on Tuesday received the approval from government for capital infusion of up to Rs 2,375 crore.

 

Mar 29, 2016, 20:23 PM IST