bank of india

Bankers still non-committal on deeper lending rate cuts

Das said bankers have so far passed 0.21 percent of the 0.50 percent rate cuts since January, going by the weighted average lending rate but this has helped only new borrowers and not those already are in the credit market.

NCLT allows HDIL 4 weeks to pay Rs 98 cr to Bank of India

Mumbai-based HDIL owes about Rs 520 crore to Bank of India (BoI) and it had agreed to pay in tranches to the lender.

Bank of India to put up Rs 30,000 crore of bad loans for sale to ARCs

BOI has Rs 31,900 crore of loans filed under the NCLT as on March 2019.

Bank of India Standalone March 2019 Net Interest Income (NII) at Rs 4,044.40 crore, up 57.75% Y-o-Y

Punjab National Bank, Union Bank, Bank of India in talks for merger: Report

The Finance Ministry may hold a round of discussion with some public sector banks regarding the second round of mergers in the banking space

45 smallcap stocks rallied 50-195% since October 26; do you own any?

In the BSE Smallcap index, 60 percent of total 750 stocks were in the positive return on closing of April 16 and of which top 45 stocks rallied between 50-195 percent.

Bank of India cuts 6-month MCLR by 5 basis points, other rates unchanged

The bank's six-month MCLR has been reduced to 8.55 percent from 8.6 percent earlier. The new rate is effective from April 10.

Bank of India looks to divest insurance joint venture stake worth about $160 million

Bank of India has a 28.96 percent stake in the joint venture, while Union Bank of India and Dai-ichi Life owns 25.10 percent and 45.94 percent, respectively.

ICRA upgrades outlook on PNB, BoI, 2 other lenders

Following infusion of capital in these banks, their financial health improved leading RBI to remove them from Prompt Corrective Action (PCA).

Bank of India raises Rs 660 crore by selling shares to employees

The bank issued 6,25,52,188 shares of Rs 10 each to eligible employees.

Opinion | Is the lifting of PCA curbs on three banks premature?

There are risks looming in the form of delayed loan recovery and power sector defaults

Is there another change in the prompt corrective action framework?

While Oriental Bank of Commerce has been removed from PCA, RBI has clarified that the government has infused sufficient capital in the entity, bringing net NPA to less than 6 percent.

Bank of India, OBC, Bank of Maharashtra rally 4-14% after RBI lifts lending curbs

All three banks in total have Rs 8,59,620 crore deposits as of December 31, 2018 of which CASA ratio is 35 percent.

Bank of India Standalone December 2018 Net Interest Income (NII) at Rs 3,332.18 crore, up 33.22% Y-o-Y

Sell Bank of India, target Rs 98: Rudra Shares

the stock has started trading below the short-term moving averages and some corrective action is expected. Hence, short positions can be initiated for short-term gain.

Nifty rollover at 74% for January series, 8 stocks added maximum long positions

Rollover data clearly indicates that the banking index is very light on positions and fresh build-up in coming days will decide the further trend in the banking index.

Bank of India, OBC, Bank of Maharashtra may exit PCA framework before year ends

'Post recapitalisation, the capital adequacy ratio would go above 11 percent,' said Bank of Maharashtra's Alekh Rout.

BoI eyes Rs 1200-cr from exiting life insurance arm Star Union

The company has negligible market share in the 24-player industry dominated by the national insurer LIC.

Nifty likely to head higher this week; Deploy low-risk ‘Bull Call’ spread

Bull Call Spread is a bullish strategy where we buy one lot of lower strike Call and sell 1 higher strike Call. It’s is a safe strategy to play long bias as maximum risk and reward are well defined.

SBI's FY19 loan growth will be in line with industry's: Rajnish Kumar

SBI is looking to buy NBFC loans to fulfill priority sector commitments, Kumar said.

Bank of India Standalone September 2018 Net Interest Income (NII) at Rs 2,926.79 crore, up 0.64% Q-o-Q

Bank of India hopes to return to profits in Q3

Hopeful of large corporate recoveries worth about Rs 2,000 crore from the accounts under insolvency, Bank of India chief Mohapatra is also banking on recovery from assets put up on sale and one-time settlement of NPAs.

Bank of India Standalone September 2018 Net Interest Income (NII) at Rs 2,926.79 crore, up 0.64% Q-o-Q

Bank of India posts net loss of Rs 1,156.2 crore in Q2; NPA ratios improve

On the asset quality front, the gross non-performing assets (NPAs) ratio fell to 16.36 percent from 16.66 percent in the previous quarter. The net NPA ratio, too, fell to 7.64 percent, down from 8.45 percent during the June quarter

Bank of India raises MCLR rates by 0.05% on two tenures

The new overnight rate stands at 8.05 percent, while the one month rate has been revised to 8.15 percent, the bank said in a statement.