Bank Of India | The Asian Age

Thursday, Apr 25, 2024 | Last Update : 10:55 AM IST

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Bank of India on Monday reported widening of its net loss to Rs 3,969.27 crore in the March quarter due to higher provisioning for mounting bad loans.

Bank of India Q4 loss widens to about Rs 4,000 crore on bad loans

The gross non-performing assets (NPAs) hit 16.58 per cent of the gross advances, as against 13.22 per cent by end March 2017.

28 May 2018 6:35 PM

The agency has charged Vikram Kothari and his son, who are in judicial custody, and others with alleged criminal conspiracy, cheating among others and under provisions of the Prevention of Corruption Act. (Photo: Facebook)

CBI files chargesheet against Rotomac owners in bank fraud case

The amount swelled to Rs 3,695 crore, including the accrued interest, because of repeated defaults on payment, the officials said.

21 May 2018 9:24 PM

Bank of India (BoI) has an exposure of Rs 200 crore in the Punjab National Bank fraud case.

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

Nirav Modi and his uncle Mehul Choksi are alleged to have perpetrated the country's biggest banking sector scam.

08 May 2018 3:50 PM

Bank of India will offer preferential pricing rates to borrowers with good credit scores for home loans of Rs 30 lakh and above, the state-run lender said.

BoI offers home loans at cheaper rates to good credit score holders

A consumer's CIBIL score is a three-digit numeric summary of the credit information report.

07 May 2018 7:23 PM

State-run Bank of India on Monday said it has entered into an agreement with National E-Governance Services for information utility arrangement under the Insolvency and Bankruptcy Code.

Bank of India inks pact with NeSL to share data under insolvency rules

BoI will avail NeSL service to expedite corporate insolvency resolution process.

23 Apr 2018 3:34 PM

CBI on Wednesday questioned two Canara Bank officials from the Bahrain branch and one Bank of India official.

Canara Bank, Bank of India officials questioned in PNB scam case

The PNB in February detected the multi-crore scam, wherein Nirav Modi and Mehul Choksi had allegedly cheated the bank.

12 Apr 2018 12:11 PM

Central bank downgraded some of BoI's accounts impacting profitability as well as non-performing asset (NPA) position. (Representational Image)

Bank of India postpones Rs 3,000 crore QIP plan

Govt decided to infuse Rs 2,257 crore capital support into bank obviating need for capital immediately.

15 Jan 2018 10:35 AM

HC raps BOI for not saving 120 forged cheques

The court was upset with the bank as it failed to produce the cheques that should have been kept as a record in its designated godowns.

18 Dec 2017 2:21 AM

A Broker checks changing share prices at BSE. (Photo: PTI)

Banks' recap: PNB surges 32 per cent, Bank of India 24 and SBI 20 per cent

Also, Andhra Bank was quoting 14.96 per cent higher, Allahabad Bank 12.70 per cent and Syndicate Bank 12.11 per cent.

25 Oct 2017 12:09 PM

Bank of India has cut MCLR rates by 0.05-0.10 per cent for various tenors from September 10. Photo: PTI

BOI slashes lending rate by 0.05-0.10 per cent

As of now, Bank of India's one year MCLR stands at 8.40 per cent.

07 Sep 2017 7:34 PM

Bank is introducing two tier saving bank rate with effect from Thursday. (Photo: PTI)

BOI cuts interest to 3.5 pc for deposits up to Rs 50 lakh

The bank will continue to pay 4 per cent interest on deposits of above Rs 50 lakh.

24 Aug 2017 1:06 PM

The bank had reported a net loss of Rs 741.36 crore in the April-June quarter of previous fiscal.

Bank of India swings into black in Q1 on lower NPAs

Net NPAs or bad loans also fell to 6.70 per cent of the net advances by June end this year.

09 Aug 2017 2:34 PM

The bank security paid no heed to the alarm raised by the complainant, it alleged.

SBI not liable if customer hands over money to stranger: panel

District forum had asked the bank to pay Rs 48,500 to the woman along with a litigation cost of Rs 5,000.

08 Aug 2017 5:25 PM

Bank has called a pre-bid meeting on August 14 and the final bids are to be sent in by 3 pm on August 22.

BoI to raise up to Rs 626 crore via STCIF stake sale

Bank of India holds 1,13,83,781 shares in STCIFL representing 29.96 per cent stake.

07 Aug 2017 2:59 PM

Bank of India expects to return to black in the second quarter of current fiscal. (Representational Image)

Bank of India eyes net profits in second quarter

As per RBI norms, Bank of India was supposed to be under threshold one of prompt and corrective action.

15 Jul 2017 4:31 PM

LIC bought an additional stake of over 3 per cent in Bank of India for about Rs 450.88 crore. (Representational Image)

LIC buys additional shares in Bank of India for Rs 451 crore

Bank of India sold shares equivalent to LIC through an open market purchase on a preference shares allotment

07 Jul 2017 5:29 PM

Even under the RTI response, all public sectors banks have washed their hands of any responsibility. (Representational image)

PSBs not liable for loss of items

This bitter truth was disclosed in an RTI response by the Reserve Bank and 19 PSU banks.

26 Jun 2017 3:31 AM

Government pushes PSBs to explore acquisition of smaller banks

Large PSBs like Punjab National Bank, Bank of Baroda, Canara Bank and Bank of India could look for potential candidates for acquisition.

18 Jun 2017 1:05 PM

BOI shares tumble after company reports net loss

The stock tanked 11.23 per cent to settle at Rs 158.45 on BSE.

22 May 2017 4:51 PM

Bank of India suffers losses in fourth quarter

The state-owned bank suffered net loss to Rs 1,045.54 crore in the fourth quarter of last fiscal.

22 May 2017 2:26 PM

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Dilip Cherian