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Bank of India

Took home loan, car loan from this bank? Good news for you - Check details

Took home loan, car loan from this bank? Good news for you - Chec...

Sun, Mar 29, 2020

It's a good news for you if you have borrowed home loan or car loan from Bank of India.

SBI, Canara Bank, 2 other public sector banks in India cut deposit, loan interest rates

SBI, Canara Bank, 2 other public sector banks in India cut deposi...

Sat, Feb 08, 2020

SBI or State Bank of India, Bank of India, Canara Bank and Oriental Bank of Commerce have announced to reduce the loan interest rates and deposit rates.

Bank of India to recover around Rs6,000 crore in Q3 & Q4: Atanu Kumar Das, ED

Bank of India to recover around Rs6,000 crore in Q3 & Q4: Ata...

Tue, Dec 17, 2019

There are quite a few accounts that are lined up under the Samadhan Scheme led by SBI especially those in the power projects and we expect around Rs1,000-1,500 crore of reversal in this quarter", says Atanu Kumar Das of Bank of India.

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Latest fixed deposit rates: SBI, Bank of India, Axis Bank, IDBI Bank new FD rates

Latest fixed deposit rates: SBI, Bank of India, Axis Bank, IDBI Bank new FD rates

Sat, Sep 14, 2019

After Reserve Bank of India (RBI) lowered its repo rate by 35 basis points to 5.40 percent, most banks have revised their deposit rates to bring parity with the other rates.

Over 5,000 ATMs shutdown in last one year, this is the reason why

Over 5,000 ATMs shutdown in last one year, this is the reason why

Mon, May 20, 2019

The number of bank ATMs in the country is continuously declining due to rapidly growing digital banking. The banks are cutting their costs by reducing the number of ATMs across the nation.

Mission Samadhan has played an important role in reducing net NPA burden: Deenbandhu Mohapatra, Bank of India

Mission Samadhan has played an important role in reducing net NPA burden: Deenbandhu Mohapatra, Bank of India

Fri, May 17, 2019

Dinabandhu Mohapatra, MD & CEO Of Bank of India, speaks about quarter results and reasons for betterment, provisioning coverage ratio and slippages, NCLT accounts and 'Mission Samadhan' among others during a conversation with Anurag Shah, Zee Business. Excerpts:

Bank of India posts Rs 252 crore profit in Q4

Bank of India posts Rs 252 crore profit in Q4

Thu, May 16, 2019

The asset quality of the bank improved slightly with the gross non-performing assets (NPAs) coming down to 15.84 per cent of gross advances at March-end 2019 against 16.58 per cent as of March 31, 2018. At the same time, net NPAs came down to 5.61 per cent from 8.26 per cent.

The Big Bank Theory! PNB + UBI + BOI merger next after BoB, Vijaya, Dena Bank?

The Big Bank Theory! PNB + UBI + BOI merger next after BoB, Vijaya, Dena Bank?

Tue, Apr 30, 2019

Merging small banks is one of the ways in which the government is trying to tackle the NPA crisis.

Bank of India to sell 25.05 pct stake in life insurance JV for Rs 1,106 cr

Bank of India to sell 25.05 pct stake in life insurance JV for Rs 1,106 cr

Fri, Apr 05, 2019

The proposed stake sale is part of BoI's plan to offload some of its non-core assets and raise funds. Shares of BoI were trading at Rs 100.15 per piece, down 0.84 per cent over previous close on the BSE.

Five PSU lenders get capital infusion of Rs 21,428 crore from government

Five PSU lenders get capital infusion of Rs 21,428 crore from government

Thu, Mar 28, 2019

This capital infusion is for the current fiscal ending March 31, 2019.

Ahead of Budget 2019, good news! 3 banks, Bank of India, Bank of Maharashtra, Oriental Bank of Commerce, taken out of RBI's PCA framework

Ahead of Budget 2019, good news! 3 banks, Bank of India, Bank of Maharashtra, Oriental Bank of Commerce, taken out of RBI's PCA framework

Fri, Feb 01, 2019

"In the case of Oriental Bank of Commerce, though the net NPA was 7.15 per cent, as per the published results of third quarter, the government has since infused sufficient capital and bank has brought the net NPA to less than 6 per cent."

Govt to infuse Rs 10,086 crore in Bank of India

Govt to infuse Rs 10,086 crore in Bank of India

Sat, Dec 29, 2018

State-owned Bank of India Saturday said the government has decided to infuse Rs 10,086 crore in the bank as part of Rs 28,615 crore capital infusion to be done in about half a dozen public sector lenders.

SBI, PNB, BoB, HDFC, ICICI, Kotak, other bank customers, ATM cloning fraud scare to stop haunting soon

SBI, PNB, BoB, HDFC, ICICI, Kotak, other bank customers, ATM cloning fraud scare to stop haunting soon

Sun, Dec 16, 2018

ATM cloning fraud: To save the customers, banks have started making changes to software and hardware in ATMs to ensure the machine shuts down automatically as soon as it suspects cloning.

Cash rain! ATM delivers Rs 500 when asked for Rs 100 - Here's what happened next

Cash rain! ATM delivers Rs 500 when asked for Rs 100 - Here's what happened next

Sun, Dec 09, 2018

People in Alirajpur, Madhya Pradesh were in for a surprise when a bank ATM started delivering Rs 500 from the Rs 100 cassete

NCLT Delays force 13 banks to auction off stressed corporate loans of Rs 33,949 cr to ARCs

NCLT Delays force 13 banks to auction off stressed corporate loans of Rs 33,949 cr to ARCs

Fri, Oct 12, 2018

Delays in resolutions at National Company Law Tribunals (NCLT) have forced 13 banks to auction off stressed corporate loans of Rs 33,949 crore to asset reconstruction companies or distressed funds with foreign funding.

SBI, HDFC, BoB, Axis, ICICI, PNB, Canara, other banks' customers may do this again?

SBI, HDFC, BoB, Axis, ICICI, PNB, Canara, other banks' customers may do this again?

Sun, Oct 07, 2018

Even as the Supreme Court has ruled that bank customers do not need to link their accounts with Aadhaar, the Union government-led by Prime Minister Narendra Modi has the power to make it mandatory again.

Did RBI just impose Rs 10 mn penalty on your bank? Check now

Did RBI just impose Rs 10 mn penalty on your bank? Check now

Fri, Sep 07, 2018

These banks were blamed for contravention of instructions contained in Master Circular on Fraud – Classification and Reporting issued by RBI.

Syndicate Bank, OBC, Bank of India raise rates by up to 0.15%

Syndicate Bank, OBC, Bank of India raise rates by up to 0.15%

Fri, Jun 08, 2018

The MCLR of six-month tenor will bear interest rate of 8.45 per cent, up 0.10 per cent from current rate of 8.35 per cent. BoI said the enhanced rates would come into effect from June 10, 2018. Oriental Bank of Commerce (OBC) has raised its lending rates for select tenors by up to 0.15 per cent to be effective from June 11.

Bank of India hikes rate by 0.10% from Jun 10 for various tenors

Bank of India hikes rate by 0.10% from Jun 10 for various tenors

Fri, Jun 08, 2018

The bank has increased MCLR rates by 10 bps (or 0.10 per cent) for various tenors, it said in a statement. "Bank of India has revised upward marginal cost-based lending rate for one-year at 8.50 per cent while overnight rate up by 10 bps at 7.90 per cent," the statement said.

Bank of India posts $589 million fourth-quarter loss, misses estimates

Bank of India posts $589 million fourth-quarter loss, misses estimates

Mon, May 28, 2018

Bank of India Ltd reported a net loss of 39.69 billion rupees ($588.87 million) for the fourth quarter, as the state-owned lender set aside more funds for bad loans.

Banking scam: 21 PSBs lost Rs 25,775 crore in 2017-18, says RBI in RTI reply

Banking scam: 21 PSBs lost Rs 25,775 crore in 2017-18, says RBI in RTI reply

Mon, May 28, 2018

More stunning revelations of banking frauds are pouring in after the Rs 14,000-crore Punjab National Bank (PNB) fraud case came to light on January 16 this year. A Right to Information (RTI) reply has revealed that 21 public sector banks (PSBs) have incurred of Rs 25,775 crore losses due to banking frauds in the financial year 2017-18

Ketan Parekh, Bank of India scam: Lender gets back Rs 137 cr in Harshad Mehta-type swindle

Ketan Parekh, Bank of India scam: Lender gets back Rs 137 cr in Harshad Mehta-type swindle

Mon, May 21, 2018

Bank of India’s (BOI) 18-year-old-year old legal struggle against the scam-tainted Ketan Parekh has finally paid off. The government-owned bank has managed to recover the entire money in the Rs 137 crore pay-order scam involving Parekh’s group of companies and Ahmedabad-based Madhavpura Mercantile Cooperative Bank Ltd (MMCB)

BoI to receive Rs 1993 crore from Tata Steel-Bhushan Steel deal

BoI to receive Rs 1993 crore from Tata Steel-Bhushan Steel deal

Sun, May 20, 2018

The state-owned Bank of India (BoI) would be able to realise around Rs 1993 crore from the first successful NCLT resolution concerning Tata Steel and Bhushan Steel, an official said. The amount would not include hair-cuts, BoI managing director and chief executive officer D Mohapatra said

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