Bank of India
Mid sized banks report higher Q2 net profit as asset quality improves
Fresh slippages were lower in the absence of lumpy corporate non-performing assets
Bank of India post Rs 266 crore profit in Q2
The bank had posted a loss of Rs 1,156.25 crore in the July-September quarter last fiscal.
6 public sector banks cut lending rates by up to 0.25 per cent
With the reduction in their respective benchmark lending rates, home, auto and other loans have become cheaper.
Bank of India net jumps two-fold to Rs 243 cr in Q1; net NPAs down at 6 pc
Total income of the bank rose to Rs 11,526.95 crore during the quarter, as against Rs 10,631.02 crore.
Files destroyed as fire breaks out at Bank of India’s branch
The cause of the fire is being investigated but prima facie the fire seems to have erupted due to a short circuit.
Bank of India post Rs 252 crore profit in Q4
Total income in three months to March grew to Rs 12,417.08 crore, as against Rs 9,596.86 crore.
Six get lifer for bank loan fraud of Rs 2.5 crore
Accused had availed various credit facilities from Bank of India.
Bank of India to sell 25 per cent in Star Union Dai-ichi
The Reserve Bank of India had removed BoI from its prompt corrective action (PCA) framework in January, easing some restrictions on lending.
Bank of India looks to divest insurance JV stake worth about USD 160 mn
Bank of India is looking to sell 64.9 mn shares, or 25.02 pc stake, in Star Union Dai-ichi Life Insurance Co Ltd.
BoI to raise Rs 400-500 cr from non-core asset sale this month
The bank had also earlier planned to raise around Rs 800 crore by selling stake in STCI Finance and Sidbi.