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Bank of India

Took home loan, car loan from this bank? Good news for you - Check details

Took home loan, car loan from this bank? Good news for you - Check details

Sun, Mar 29, 2020

It's a good news for you if you have borrowed home loan or car loan from Bank of India.

SBI, Canara Bank, 2 other public sector banks in India cut deposit, loan interest rates

SBI, Canara Bank, 2 other public sector banks in India cut deposit, loan interest rates

Sat, Feb 08, 2020

SBI or State Bank of India, Bank of India, Canara Bank and Oriental Bank of Commerce have announced to reduce the loan interest rates and deposit rates.

Bank of India to recover around Rs6,000 crore in Q3 & Q4: Atanu Kumar Das, ED

Bank of India to recover around Rs6,000 crore in Q3 & Q4: Atanu Kumar Das, ED

Tue, Dec 17, 2019

There are quite a few accounts that are lined up under the Samadhan Scheme led by SBI especially those in the power projects and we expect around Rs1,000-1,500 crore of reversal in this quarter", says Atanu Kumar Das of Bank of India.

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Bank of India sells entire 5% stake in TransUnion CIBIL to TransUnion International

Bank of India sells entire 5% stake in TransUnion CIBIL to TransUnion International

Thu, Mar 23, 2017

Bank of India has sold entire 5% stake in TransUnion CIBIL to TransUnion International on Wednesday.

Bank of India's Q3 net profit stood at Rs 101 crore; shares jump

Bank of India's Q3 net profit stood at Rs 101 crore; shares jump

Thu, Feb 09, 2017

The bank's gross non-performing assets (NPAs) stood at 13.38% as against 9.18% during the same period last year.

NPCI expects all public sector banks to join BHIM platform by end of February

NPCI expects all public sector banks to join BHIM platform by end of February

Tue, Feb 07, 2017

NPCI expects all public sector banks to join its recently launched BHIM platform by the end of February this year.

Govt's e-payments platform BHIM App witnesses over 10 million downloads in 10 days

Govt's e-payments platform BHIM App witnesses over 10 million downloads in 10 days

Mon, Jan 09, 2017

The government's recently launched e-payments platform BHIM App has witnessed over 10 million downloads in 10 days. Prime Minister Narendra Modi had launched BHIM App during his address to 'DigiDhan Mela' in New Delhi on December 30 last year, according to earlier PTI report.

Bank of India, HDFC lower home loan rates

Bank of India, HDFC lower home loan rates

Tue, Jan 03, 2017

Following other banks rate cut move, Bank of India (BOI) and Housing Development Corporation of India (HDFC) have lowered their home loan rates. Bank of India (BOI) has set marginal cost of funds based lending rate (MCLR) for loans with one year tenor at 8.50%.

Bank of India picks Shanker Iyer as CFO from January 1

Bank of India picks Shanker Iyer as CFO from January 1

Mon, Jan 02, 2017

Bank of India (BOI) on Monday announced the appointment of Shanker Iyer as Chief Financial Officer of the bank from January 1.

Huge queues gather outside banks to exchange old Rs 500, 1000 notes

Huge queues gather outside banks to exchange old Rs 500, 1000 notes

Thu, Nov 10, 2016

After banks announced extended work timings for November 10 and November 11, people woke up early Wednesday morning to queue up in front of them to exchange their old currencies.

Kotak Mahindra Bank cuts down base rate by 10 bps

Kotak Mahindra Bank cuts down base rate by 10 bps

Fri, Oct 07, 2016

Following recent base rate cut moves by ICICI Bank and Bank of India (BOI), Kotak Mahindra Bank has now revised its base rate downward by 10 basis points to 9.40% per annum on Thursday.

Banks begin reducing MCLRs; what does this mean for your EMIs?

Banks begin reducing MCLRs; what does this mean for your EMIs?

Thu, Oct 06, 2016

The Reserve Bank of India (RBI) reduced interest rate by 25 basis points on Tuesday in a bid to make borrowings cheaper. It seems that banks in India have begun following the lead. First it was India's one of the largest private sector banks, ICICI Bank that reduced MCLR.

Bank of India sells 18% stake in life insurance JV

Bank of India sells 18% stake in life insurance JV

Mon, Sep 26, 2016

The shareholding of Bank of India will decrease from 48% to 30%.

PSU Banks' Recapitalisation: Govt sanctions Rs 23,000 crore

PSU Banks' Recapitalisation: Govt sanctions Rs 23,000 crore

Tue, Jul 19, 2016

Finance Ministry has said that it will provide Rs 22, 915 crore to 13 public sector banks in an effort to meet their recapitalisation needs.

PSU bank stocks rise after RBI relaxes bad loan norms

PSU bank stocks rise after RBI relaxes bad loan norms

Tue, Jun 14, 2016

The scrip of Punjab National Bank (PNB) surged 5.18%, Bank of India rose by 3.14%, Bank of Baroda climbed 2.43% on the Bombay Stock Exchange (BSE).

Amid RBI concerns of non-functional ATMs, banks miss target of setting up new machines

Amid RBI concerns of non-functional ATMs, banks miss target of setting up new machines

Sun, May 29, 2016

With the addition, the total number of ATMs of public sector banks increased to 1,42,557 at March-end.

Bank of India Q4 net loss widens to Rs 3,587 crore as bad loans mount

Bank of India Q4 net loss widens to Rs 3,587 crore as bad loans mount

Tue, May 24, 2016

State-owned Bank of India's net loss widened multi-fold to Rs 3,587 crore in fourth quarter ended March 31, 2016 on account of rising bad loans. The bank had reported a net loss of Rs 56.14 crore in the January-March quarter of 2014-15.

UK a very comfortable destination for 'financial fraudsters' for Indians: Court

UK a very comfortable destination for 'financial fraudsters' for Indians: Court

Mon, May 23, 2016

United Kingdom appears to be a "very comfortable destination for financial fraudsters" who flee from India, a Special court has observed while refusing to give permission to travel abroad to a director of a film making studio, accused in over Rs 2,200 crore banks fraud case.

Aggregate debt of top corporates 'well within norms': SBI

Aggregate debt of top corporates 'well within norms': SBI

Mon, May 09, 2016

SBI had 85 such accounts with aggregate non-performing assets (NPAs) of Rs 23,726 crore

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