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Bank of India

Bank of India to sell 25.05% stake in life insurance JV for Rs 1,106 crore

The bank has floated a request for proposal for sale of over 6.48 crore equity shares, or 25.05 percent stake in its joint venture with Union Bank of India and Japan's Dai-ichi Life Holdings Inc.

Apr 05, 2019, 17:14 PM IST

ICRA upgrades outlook on PNB, BoI, 2 other lenders

Following infusion of capital in these banks, their financial health improved leading RBI to remove them from Prompt Corrective Action (PCA).

Mar 15, 2019, 12:40 PM IST

BoI to raise Rs 400-500 cr from non-core asset sale this month

It could be noted that the bank has been looking to sell its stake in a few non-core assets including Star Union Dai-Ichi Life Insurance, STCI Finance and Sidbi.

Mar 14, 2019, 15:59 PM IST

RBI lifts lending curbs on BoI, BoM, OBC

In case of Oriental Bank of Commerce, the net NPA has come down to less than 6 per cent as the government has infused sufficient capital, it said.

Jan 31, 2019, 21:54 PM IST

IL&FS, NCLT accounts roil BoI nos; net loss soars to Rs 4,738 crore

The city-based bank, under the prompt corrective action (PCA) framework of the Reserve Bank since 2017, had reported a net loss of Rs 2,341 crore in the year-ago period.

Jan 29, 2019, 09:54 AM IST

Bank of India registers net loss of Rs 1,156 crore in Q2

The bank had posted a net profit of Rs 179.07 crore in the corresponding July-September period of the last fiscal.

Nov 12, 2018, 16:56 PM IST

Bank of India raises MCLR rates by 0.05% on two tenures

The lender left the MCLR rates for three, six and 12 months loan tenures unchanged at 8.30 percent, 8.50 percent and 8.60 percent, respectively.

Oct 11, 2018, 16:59 PM IST

Bank of India ups MCLR by 0.10% from Jun 10 for various tenors

The MCLR of six-month tenor will bear interest rate of 8.45 percent, up 0.10 percent from current rate of 8.35 percent.

Jun 08, 2018, 13:54 PM IST

BoI has Rs 200 crore exposure in PNB scam, initiates proceedings: CEO

The Centre has also intervened in the bankruptcy proceedings of Nirav Modi firms in the US to protect the interests of PNB.

May 08, 2018, 17:40 PM IST

Bank of India recruitment 2018: 158 vacancies available, apply online from April 20

The Bank of India has invited applications for 158 vacancies for the posts of officers (credit) in the general banking stream. There is no reservation for ex-Servicemen candidate in the officers’ cadre. The number of vacancies and also the number of reserved vacancies is provisional and may vary according to actual requirements of the Bank.

Apr 18, 2018, 17:42 PM IST

BoI has recovered Rs 7000 crore worth SLOCs from other banks

The bank has embarked on a plan, following restrictions from RBI on it under the Prompt Corrective Action (PCA) framework.

Mar 13, 2018, 11:13 AM IST

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

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

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

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

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

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

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

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