Bank Of India

India needs bigger, more global-scale banks for 2047 goal: Banking leaders

To achieve Viksit Bharat goal, India must build more globally-scaled banks with robust financial strength, deep talent pool, and tech sophistication, said experts at Business Standard BFSI Summit 2025

Bank of India Q2FY26 results: Net profit up 7.62% on dip in credit costs

The Mumbai-based lender's shares ended 1.67 per cent lower, closing at Rs 123.30 per share on the BSE

Bank of India Q2 FY26 results: Net profit rises 7.6% to ₹2,554 crore

State-owned Bank of India (BoI) on Friday reported a 7.6 per cent rise in net profit to Rs 2,554 crore in the September quarter of FY26. The bank posted a net profit of Rs 2,374 crore in the July-September quarter a year ago. Total income rose to Rs 20,626 crore during the September quarter of FY26, from Rs 19,872 crore in the year-ago period. Gross non-performing assets (NPA) of BoI improved to 2.54 per cent of advances in Q2 compared to 4.41 per cent in Q2 of FY25. Provisioning for non-performing assets during the quarter under review was Rs 472 crore as against Rs 1,427 crore in Q2 of FY25. Shares of BoI settled at Rs 123.3 apiece, down 1.67 per cent over the previous close on the BSE.

Air India's leasing arm secures $215 mn term loan from StanC, BoI

This marks the first-ever commercial aircraft financing transaction structured with a GIFT City borrower, setting a precedent for India's emerging aviation finance ecosystem

Top jobs at PSBs: Pride and prejudice over opening doors to private talent

Opening top positions at public sector banks for private candidates is a welcome move. Delinking their salary from the IAS is the next logical step

Bank of India shares rise 3% after Q2 business update; check details here

Bank of India's global business rose to ₹15.61 trillion, up 11.8 per cent Y-o-Y from ₹13.97 trillion in the same period last year

Stocks to Watch today, Oct 7: LTIMindtree, Bank of India, HCL Tech, OIL

Stocks to Watch today, October 7, 2025: From Bank of India, HCL Tech to Eternal, here is a list of stocks that will be in focus

Air India raises $215 million from StanChart, Bank of India for refinancing

The loan comes after an Air India plane crash in June was one of the worst aviation accidents in the country, initially causing talks for fund raising to slow

PNB, Bank of India trim MCLR rates: How decision may help borrowers

Customers repaying loans linked to older benchmark may benefit as revised terms come into effect

After SBI, Bank of India declares RCom, Anil Ambani's account fraudulent

After the State Bank of India, Bank of India has classified the loan account of insolvent Reliance Communications as fraudulent and named its former director, tycoon Anil Ambani, citing alleged fund diversion in 2016, according to a regulatory filing. State-owned Bank of India granted a Rs 700 crore loan in August 2016 to Reliance Communications for its ongoing capital and operational expenditure and repayment of existing liabilities. Half of the sanctioned amount disbursed in October 2016 was invested in a fixed deposit, which was not permitted as per the sanction letter, according to the bank's letter that RCom disclosed in a stock exchange filing. RCom said that it has on August 22 received a letter from Bank of India dated August 8 stating the bank's decision "to classify the loan accounts of the company, Anil Dhirajlal Ambani (promoter and erstwhile director of the company), and Manjari Ashok Kacker (erstwhile director of the company), as Fraud". Previously, State Bank of India

Bank of India Q1 net profit rises 32.3% to ₹2,252 crore on treasury gains

Bank of India's net profit for Q1FY26 rises 32.3% to ₹2,252 crore, boosted by strong treasury gains; NIM declines, but asset quality improves

Nippon AMC Q1 profit up 19%; BoI Mutual Fund launches midcap fund

Zerodha Fund House on Monday announced the launch of Zerodha Multi Asset Passive Fund of Fund

PSU bank stocks rally on cheap valuation, Q4 boost; will the momentum last?

Despite private banks performing strongly in 2025 so far, the last three months have seen a sharp reversal, with PSU banks taking the lead.

Bank of India Q4FY25 results: Net profit jumps 82.5% to ₹2,626 crore

Bank of India reports 82.5 per cent rise in Q4 net profit, boosted by treasury and fee income as asset quality improves and margins face pressure from rate cuts

BoI lowers FD rates, ends 400-day special scheme offering 7.30% interest

Several lenders have revised their fixed deposit plans after central bank cut the repo rate

Bank of India cuts home loan rates by 25 basis points, effective April 15

This move is aimed at making home ownership more accessible and affordable, in line with the bank's ongoing commitment to support customers in achieving their financial goals

Bank of India cuts interest rates on short and medium-term FDs

The decision came on Saturday (April 12) after the Reserve Bank of India cut the policy repo rate by another 25 bps to 6 per cent

Bank of India, UCO Bank cut lending rate in line with RBI's policy

Bank of India and UCO Bank have announced 25 basis points reduction lending rate within hours of RBI's decision to slash its policy rate on Wednesday, a move which will help existing and new borrowers. Other banks are also are expected to make similar announcements soon. Both public sector banks, in separate regulatory filings, said the rate revision has been done following the RBI's reduction in the short-term lending rate (repo rate) earlier in the day. Bank of India's new Repo Based Lending Rate (RBLR) stands at 8.85 per cent compared to 9.10 per cent earlier. The new rate would be effective from Wednesday, Bank of India said in a regulatory filing. UCO Bank said it has brought down repo linked rate to 8.8 per cent, effective Thursday.

Union Bank of India to BoI: Large PSBs miss FY25 deposit growth targets

Credit grew faster than deposits

Bank of Baroda and Bank of India miss FY25 deposit growth guidance

Advances of the bank grew by 20.3 per cent Y-o-Y to Rs 2 trillion