BoI Net plunges 84% as NPA provisions soar over 2-fold
State-run Bank of India on Tuesday reported a massive 84 percent plunge in its April-June quarter net profit at Rs 130 crore, dragged by an increase in provisioning and higher non-performing assets.
Jul 28, 2015, 20:00 PM IST
Bank of India shares plunge nearly 6% as Q1 net profit plummets
Shares of state-run lender Bank of India plunged nearly 6 percent Tuesday after it reported 84 percent decline in net profit for the April-June quarter of the current fiscal.
Jul 28, 2015, 19:48 PM IST
BoI Q1 Net plummets 84% on higher bad loan provisioning
The bank had a net profit of Rs 805.69 crore in the first quarter of 2014-15 fiscal.
Jul 28, 2015, 14:27 PM IST
Moody's downgrades Bank of India, Canara Bank
Rating firm Moody's Investors Service on Monday downgraded state-owned Bank of India (BoI) and Canara Bank a notch down in terms of Baseline Credit Assessments (BCAs), an indication of intrinsic or standalone financial strength of the company.
Jun 29, 2015, 21:38 PM IST
Govt extends BoB interim chief's term for 3 months
The government has further extended the term of Bank of Baroda's (BoB) interim MD & CEO Ranjan Dhawan for three months while Bank of India will be headed by its Executive Director B P Sharma for the same duration.
Jun 09, 2015, 14:51 PM IST
S&P downgrades Bank of India on weakening asset quality
Global rating agency Standard & Poor's Thursday downgraded Bank of India's long-term issue ratings on weakening asset quality.
Jun 04, 2015, 21:32 PM IST
Bank of India says "worst is over" after bad debts jump
Bank of India reported its first quarterly loss in more than two decades on Thursday, weighed down by a larger than expected increase in bad debts, sending its shares down more than 8 percent.
May 28, 2015, 17:54 PM IST
UBI, 2 other PSU lenders seek exemption from dividend payment
Three public sector banks -- Bank of India, Union Bank of India and Allahabad Bank -- have sought exemption from payment of dividend citing higher provisioning for non-performing assets (NPAs).
May 03, 2015, 13:09 PM IST
Bank of India cuts lending rate by 0.25%
The new rate will come into effect from May 4.
May 02, 2015, 15:14 PM IST
BoI raises $750-m overseas debt at 3.125%, its lowest ever
State-run Bank of India Tuesday raised USD 750 million by selling five-year bond to international investors at a coupon of 3.12 percent, it lowest pricing so far.
Apr 28, 2015, 23:04 PM IST
Bank of India to raise $750 mn through bonds
State-run Bank of India on Tuesday opened its bond issue to raise USD 750 million (about Rs 4,750 crore) under its medium-term notes (MTN) programme.
Apr 28, 2015, 13:06 PM IST
Bank of India hints at 10-25 bps cut in base rate
State-owned lender Bank of India on Friday indicated 10-25 basis points reduction in its base rate shortly.
Apr 24, 2015, 18:53 PM IST
BoI raises Rs 641 cr from share sale to LIC, New India Assurance
Public sector lender Bank of India (BOI) on Friday said it has raised over Rs 641.99 crore by issuing shares on preferential basis to LIC and New India Assurance.
Mar 20, 2015, 15:26 PM IST
9 EDs appointed in various PSU banks
The government Wednesday approved appointment of nine Executive Directors (EDs) in various public sector banks, including BoB, BoI and Canara Bank.
Mar 11, 2015, 22:19 PM IST
Banks to wait till Apr 7 before cutting rates: BoI
State-owned BoI Wednesday said banks will wait till the next bi-monthly monetary policy review of the RBI on April 7 before cutting interest rates.
Mar 11, 2015, 16:04 PM IST
PSU bank chiefs selection: Pvt bankers can apply, too
In a bid to attract talent from a wider pool, the Finance Ministry has invited private sector bankers, besides the regular public sector executives, to apply for the top job at five large state-owned lenders.
Feb 26, 2015, 19:22 PM IST
BoI to defer $750 mn bond sale plan on excess liquidity
The city-based bank has a board approval to raise USD 5 billion through MTN beginning 2005 and has so far raised USD 2.5 billion.
Feb 22, 2015, 16:32 PM IST
Capital infusion: BoI chief rues new fund infusion norms
As it is left out of the list of nine banks for capital infusion from the government, Bank of India today claimed its fundamentals are much better than those selected and has called for a different treatment to it citing its large international presence.
Feb 12, 2015, 23:25 PM IST
BoI profit drops 70% to Rs 173 cr in Q3 on higher provisioning
The bank had posted net profit of Rs 585.82 crore for the October-December quarter of the 2013-14 fiscal.
Feb 12, 2015, 16:19 PM IST
BoI shares up over 4.5% on fund raising plan
Shares of Bank of India (BoI) today rose by over 4.5 per cent after the company said it will raise up to Rs 641.99 crore by selling shares to Life Insurance Corp and New India Assurance to fund its business growth and meet global risk norms.
Feb 10, 2015, 13:27 PM IST
