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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.

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

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.

 

BoI to get Rs 1,150 crore capital infusion from government

BoI to get Rs 1,150 crore capital infusion from government

State-run Bank of India (BoI) today said the government has approved a capital infusion of Rs 1,150 crore in lieu of preferential allotment of shares.

BoI to get Rs 1,150-cr capital infusion from govt

State-run Bank of India (BoI) on Tuesday said the government has approved a capital infusion of Rs 1,150 crore in lieu of preferential allotment of shares.

Fire in bank branch in Burdwan

Fire broke out at a bank branch at Jaugram in Burdwan district damaging documents, furniture and computers.

Rising capital needs put PSU banks at downgrade risk: S&P

Capital requirements of PSU banks for provisioning of bad loans are likely to shoot up exposing them to possible downgrades, S&P said today as it trimmed outlook on Bank of India to 'negative' from 'stable'.

Hot Stocks: Expert Advice on SBI, Bank of India

Know what advice our expert has to share for SBI, Bank of India stock.
Zee Business, India's first 24-hour Hindi business channel, was conceived to offer 'information' and 'insight' and bring business and economy coverage to you in your own language.

Bank of India to raise Rs 264.12 cr by selling shares to LIC

Bank of India (BOI) today said it will raise capital by allotting two crore equity shares to LIC at a price of Rs 264.12 crore in order to comply with Basel norms.

New BoI chief splashes red ink all over, net loss at Rs 1,126 cr

New BoI chief splashes red ink all over, net loss at Rs 1,126 cr

BoI bad loans more than doubled to 7.55 percent which pushed up its provisions more than trebled.

BOI, UBI issue pref shares worth Rs 3,534 crore to govt

In a separate filing, Bank of India said it has allotted 12,70,04,655 equity shares to government on September 30, 2015.

 

CVC awaits sanction to prosecute 47 corrupt officials

The Central Vigilance Commission is awaiting sanction from different departments for over four months to prosecute 47 government employees, including some IAS officials, for their alleged involvement in corruption.

Govt nominates Anna Roy on board of Bank of India, IIFCL

Government has nominated Anna Roy, Joint Secretary in Finance Ministry, on the board of Bank of India (BoI) and India Infrastructure Finance Company Ltd (IIFCL).

BoI Net plunges 84% as NPA provisions soar over 2-fold

BoI Net plunges 84% as NPA provisions soar over 2-fold

State-run Bank of India on Tuesday reported a massive 84 percent plunge in its April-June quarter net profit at Rs 130 crore, dragged by an increase in provisioning and higher non-performing assets.

Bank of India shares plunge nearly 6% as Q1 net profit plummets

Shares of state-run lender Bank of India plunged nearly 6 percent Tuesday after it reported 84 percent decline in net profit for the April-June quarter of the current fiscal.

BoI Q1 Net plummets 84% on higher bad loan provisioning

The bank had a net profit of Rs 805.69 crore in the first quarter of 2014-15 fiscal.

Faulty ATM dashes out wrong amount in Madhya Pradesh!

A software fault in the ATM machine of Bank of India in Madhya Pradesh resulted in incorrect transaction amount.

Moody's downgrades Bank of India, Canara Bank

Moody's downgrades Bank of India, Canara Bank

Rating firm Moody's Investors Service on Monday downgraded state-owned Bank of India (BoI) and Canara Bank a notch down in terms of Baseline Credit Assessments (BCAs), an indication of intrinsic or standalone financial strength of the company.

Govt extends BoB interim chief's term for 3 months

The government has further extended the term of Bank of Baroda's (BoB) interim MD & CEO Ranjan Dhawan for three months while Bank of India will be headed by its Executive Director B P Sharma for the same duration.

S&P downgrades Bank of India on weakening asset quality

Global rating agency Standard & Poor's Thursday downgraded Bank of India's long-term issue ratings on weakening asset quality.