Bank Of India

Gold worth crores missing from bank locker in UP's Firozabad, three booked

Gold kept by customers as security against loans allegedly went missing from a Bank of India branch locker in Uttar Pradesh's Firozabad district, police said on Thursday. A total of 96 packets containing pledged gold were found missing from the locker of the bank's Bharaul branch, officials said. The bank's Agra regional office chief manager Aditya Pratap Singh lodged an FIR at the Araon police station on Wednesday night against three employees, including the then branch manager. Superintendent of Police Aditya Langhe said the complaint stated that bank staff member and key custodian Dilip Kumar, a resident of Basgaon village in Etawah district, had been absent without information since May 27, due to which locker-related work had stopped. When the bank failed to contact him, suspicion arose and the matter was reported to the regional office in Agra. Following this, senior security manager Ankit and senior manager (security) of the Ghiror branch, Sushil Kumar, were sent to the Bhar

Bank of India sets Q2-end target for expected credit loss parallel run

Bank of India expects up to $1 billion in FCNR-B inflows under RBI's special window, while maintaining strong credit growth and preparing for ECL norms

Bank of India launches Mumbai hub for partnership-led financing businesses

The Strategic Business Branch will house co-lending, pool buyouts, TReDS and supply chain finance operations under one roof to improve efficiency and risk oversight

Bank of India hikes interest rates on select medium and long-term deposits

Bank of India has revised interest rates on select fixed deposits below ₹3 crore across medium and long-term tenures, with the revised rates taking effect from May 18

Bank of India Q4 net profit rises 15% on higher interest income growth

State-owned Bank of India posted a 15 per cent rise in fourth-quarter net profit, aided by higher interest income and improved asset quality

BOI to raise up to Rs 7,500 crore through Tier I, Tier II bonds in FY27

Bank of India plans capital raise through Basel III-compliant Tier-I and Tier-II bonds to strengthen its capital base

Govt extends tenure of BoI, BoB managing directors for 3 years

The government has extended the tenure of Managing Directors of Bank of India (BoI) and Bank of Baroda (BoB) for three years beyond their current terms. According to sources, the government has extended the term of Rajneesh Karnatak, MD and CEO of BoI, for three years, effective April 29, 2026. Karnatak was appointed as MD and CEO of the bank in 2023 for three years. Besides, the Appointment Committee of the Cabinet, headed by Prime Minister Narendra Modi, also approved the extension of Debadatta Chand, MD and CEO of BoB, for three years, effective July 1, 2026. However, the government has not yet taken a view on extension with regard to UCO Bank MD and CEO Ashwani Kumar, whose three-year term is also coming to an end on June 1, 2026. The Appointment Committee of the Cabinet has also extended the term of Ashutosh Choudhary as executive director of Indian Bank for another three years.

RBI imposes penalties on Union Bank, Central Bank, Bank of India, Pine Labs

The Reserve Bank of India has imposed monetary penalties on four entities for regulatory non-compliance, citing lapses in KYC norms, PSL rules and electronic transaction handling

SBI, BoB, IoB, Canara Bank: Nifty PSU Bank slips 4% amid West Asia jitters

Investor sentiments continued to be in a risk-off mood after Iran widened its warnings to target buyers of US Treasury bonds, as the Trump administration's 48-hour ultimatum neared expiry

India Inc's bank pivot spurs corporate credit growth on economic pickup

Banks see strong revival in corporate lending as higher bond yields and improved working capital utilisation push companies back to bank loans in Q3FY26

Bank of India Q3FY26 profit rises 7.47% on strong non-interest income

Bank of India posted a 7.5% YoY rise in Q3FY26 net profit to ₹2,705 crore, driven by strong non-interest income and improved asset quality

Bank of India raises ₹2,500 crore in tier II bonds at 7.28% cut-off

Bank of India raised Rs 2,500 crore via 10-year tier II bonds at a 7.28 per cent cut-off with a call option after five years; HUDCO raised Rs 1,905 crore via seven-year bonds at 6.98 per cent

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