BoI

The deal is latest sign of growing appeal of Indian assets to global investors and lenders, with its bonds posting strong monthly inflows and stocks recuperating from a trillion dollar selloff

As of December 2024, BoI had 5,202 branches in the country, with 993 in metros, 838 in urban centres, 1,501 in semi-urban centres, and 1,868 in rural areas

Prudent growth forecast for FY26: 12-13%

In the last week of November, BOI raised Rs 5,000 crore through a 10-year infrastructure bond issuance at a coupon rate of 7.41 per cent

Offer available at the bank's branches and digital channels (BOI Omni Neo App/ Internet Banking)

Tata Power Solar Systems Ltd (TPSSL) on Friday said it has partnered with Bank of India (BOI) to facilitate easy financing for rooftop solar installations and establishment of electric vehicle (EV) charging stations. The partnership is a significant milestone with Tata Power Solar becoming the first solar company to collaborate with BOI for both solar and EV Charging Station financing and strengthening its leadership as a green energy solutions provider, a statement said. This collaboration supports the government's initiatives to promote rooftop solar installations, targeting a wide spectrum of customers, including residential users under the PM Surya Ghar Yojana, housing societies, and Micro, Small, and Medium Enterprises (MSMEs). Under the PM Surya Ghar Yojana, residential customers seeking to install solar systems up to 3 KW can avail loans up to Rs 2 lakh with only a 5 per cent margin money requirement. These loans are offered at an attractive interest rate of 7.10 per cent pe

The net NPA for Q1FY24 came in at Rs 8,119 crore, as compared to Rs 9,775 crore YoY

On May 30, BOI declared a dividend of Rs 2 per equity share

Mumbai-based lender has board nod to raise up to Rs 6,500 cr in FY24, of which Rs 4,500 cr would be via AT1 bonds/equity and balance via tier II bonds

The fund house along with five individuals pay Rs 3.93 crore for the settlement

State-owned Bank of India on Friday said it will raise up to Rs 2,500 crore by issuing bonds. The board of the lender, at a meeting held on Friday, approved raising of Tier-1 capital by issue of Basel-III compliant additional tier-I (AT-I) bonds of up to Rs 2,500 crore, it said in a regulatory filing. The capital will be raised in one or more tranches, the bank added.

Earnings, asset quality profile improve for public sector lender

The board recommended a dividend of Rs 2 per equity share (of face value of Rs 10) for 2021-22 subject to shareholders' nod

Full year (FY21) profit at Rs 2,160 crore, as against loss of Rs 2,957 crore in FY20

The bank is planning to sell its entire stake in STCI Finance