Hold Bank of India; target of Rs 53: Sharekhan

Sharekhan recommended Hold rating on Bank of India with a target price of Rs 53 in its research report dated August 03, 2020.

Bank of India Consolidated June 2020 Net Interest Income (NII) at Rs 3,513.32 crore, down 0.21% Y-o-Y

Bank of India Standalone June 2020 Net Interest Income (NII) at Rs 3,481.14 crore, down 0.12% Y-o-Y

Bank of India Q1 net profit rises over three-fold to Rs 844 crore

The total income during the period under review increased to Rs 11,941.52 crore, from Rs 11,526.95 crore in the year-ago period, BoI said in a regulatory filing.

India plans to reduce number of state-owned banks to just 5

The first part of the plan would be to sell majority stakes in Bank of India, Central Bank of India, Indian Overseas Bank, UCO Bank, Bank of Maharashtra and Punjab & Sind Bank, leading to an effective privatisation of these state-owned lenders, a government official said.

ED registers case against BJP leader in Rs 67-crore Bank of India loan default case

Mohit Kamboj claims he had settled all dues. Bank officials allegedly abused official position to help Kamboj and the other accused go for a one-time settlement, leading to heavy losses

Hold Bank of India; target of Rs 55: Sharekhan

Sharekhan recommended Hold rating on Bank of India with a target price of Rs 55 in its research report dated June 25, 2020.

Bank of India Standalone March 2020 Net Interest Income (NII) at Rs 3,793.05 crore, down 6.21% Y-o-Y

Bank of India Consolidated March 2020 Net Interest Income (NII) at Rs 3,827.19 crore, down 6.17% Y-o-Y

Bank of India share price falls 5% on Q4 loss

Net interest income in Q4 fell 6.2 percent to Rs 3,793 crore YoY, while the net interest margin (global) declined by 3 basis points to 2.90 percent YoY.

Bank of India posts Q4 loss at Rs 3,571.4 crore on additional provision in 6 NPA accounts

Bank's provision coverage ratio improved to 83.74 percent at the end of March 2020, compared to 77.2 percent as of December 2019.

Bank of India cuts MCLR by 25 bps across all tenors

The revised one-year MCLR will be 7.70 percent as against 7.95 percent earlier, the bank said in a release.

RBI imposes penalty on Bank of India, Karnataka Bank

Giving details, it said the statutory inspection of BoI with reference to its financial position as on March 31, 2017 and March 2018 and the risk assessment reports pertaining thereto revealed, inter-alia, non-compliance with the certain directions.

Indian banks shelve fundraising as coronavirus derails markets

A virus-driven lull in deal activity in India comes at a time when the local economy has been on a weak footing, with growth at the slowest pace in more than six years in the last three months of 2019.

Bank of India Standalone December 2019 Net Interest Income (NII) at Rs 4,118.03 crore, up 23.58% Y-o-Y

Bank of India Consolidated December 2019 Net Interest Income (NII) at Rs 4,154.08 crore, up 23.34% Y-o-Y

Bank of India reports Q3 net profit of Rs 106cr

The state-run bank's net interest income during the quarter rose 23.62 per cent to Rs 4,119 crore from Rs 3,332 crore in the year-ago quarter.

Bank of India reports Q3 profit at Rs 105.5 crore, slippages up sharply

Slippages rose to Rs 6,716 crore at the end of December 2019, against Rs 3,166 crore in the September quarter.

Bank of India plans mega QIP to raise Rs 1,000 cr

This would be the first time in over two years that a state-run firm bank will sell shares to institutional investors.

Bank of India appoints Atanu Das as MD and chief exceutive

In his 26 years of banking experience, Das has been involved at both policy and operational levels.

Bank of India appoints Atanu Das as MD and chief exceutive

In his 26 years of banking experience, Das has been involved at both policy and operational levels.

Sanjiv Chadha named MD and CEO of Bank of Baroda; Bank of India and Canara Bank get new top execs

Chadha, who was the deputy managing director at SBI, will take step into the shoes of PS Jayakumar, whose term ended in October 2019.

BOI eyes AXA's stake in JV; share price climbs 2%

BOI AXA MF had assets under management (AUM) of Rs 3,180 crore as on March 31, 2019, and BoI holds 51 percent while AXA holds 49 percent In BOI AXA MF.

Bank of India eyes Rs 10,000 cr loan sales in special drive

The outreach programme is being conducted in 54 zones, comprising 5,000 branches.

Bank of India cuts one-year MCLR rates by up to 20 bps

The move comes hours after the larger peer State Bank of India announced 10 bps reduction to 9.90 percent in its one-year MCLR or marginal cost-based lending rates-based loan pricing.