Analysts at Morgan Stanley expect the stock to remain weak in the near-term as there was no change in asset-quality estimates for FY25
Bank of India announced on December 1 that it has raised AT-1 Bond of Rs 1,500 crore at a coupon rate of 8.57 percent per annum.
City-based PNB hiked MCLRs across tenors by 30 basis points, while BOI raised the same by up to 15 basis points.
The bank's gross advances (global and domestic) stood at Rs 4,77,746 crore at end-June 2022.
The glitches are being faced by customers for the past three to five days. The bank had upgraded its system last week.
Under Google's User Generated Content policy, anyone can edit contact information such as the address and phone number, on Google Maps page. Scamsters can edit bank contact details and get customers to share sensitive data such as PIN and OTP.
In a landmark step, SBI cut interest rates on savings accounts that hold less than Rs 1 crore. This is the first such move by any bank in India's history. In an interview to CNBC-TV18, Dinabandhu Mohapatra, MD & CEO of Bank of India and Vivek Rajpal, Rates Strategist at Nomura assessed the impact on the sector.
Last week, RBI tightened loan restructuring norms for banks, making the whole process stringent. As per the new norms, provisioning on the newly-restructured account has been raised to 5 per cent from June 1 from 2 per cent now.
Bank of India (BoI) has lowered its term-deposit rates by 0.10 per cent to 1.25 per cent in select maturities with effect from today.
ICICIdirect.com has come out with its report on few attractive stock picks. The research firm has recommended to buy Bank of India (BOI), Infosys, Graphite India, Pipavav Defence, CESC, Jyoti Structure, NTPC, Bharat Forge and Sintex Industries in its February 17, 2012 research report.
Emkay Global Financial Services has come out with its research report on Gujarat State Fertilizers Company (GSFC), Bank of India (BOI), Canara Bank and Bharat Heavy Electricals (BHEL).
ICICIdirect.com has come out with its report on Nifty Future, Bank of India (BOI), Polaris Software, Biocon and IDFC