Page 11 - Bank Of India

RBI imposes penalties on three banks for non-compliance of norms

Bank of India suffers Rs 5 cr fine, Karnataka, Saraswat hit with Rs 1.2 cr and Rs 30 lakh penalty

Bank of India engages Uniken to secure internet, mobile banking channels

A recent report put the number of card and net banking frauds at 1,367 in FY17, about 2,127 in FY18, and 1,477 in FY19

Rush hour and tougher questions ahead for both Mint Road and banks

Piecemeal regulatory forbearance will not go far and tougher questions will be asked of both Mint Road and banks, reports Raghu Mohan

Banks extending emergency loans to salaried, entrepreneurs after rate cut

However, most are extending it to their existing customers only

Bank of India posts Q3 PBT of Rs 119 cr after Rs 6,700 cr loss a year ago

Net interest income up 24% to Rs 4,118 cr; GNPAs at same level as last year

New MD and CEOs for Bank of Baroda, Bank of India and Canara Bank

The government has appointed Sanjiv Chadha as the new managing director and chief executive of Bank of Baroda

Bank of India eyes Rs 10,000 cr loan sales in ongoing special drive

The outreach programme is being conducted in 54 zones, comprising 5,000 branches

Bank of India to raise up to Rs 10,000 cr through bonds, preference shares

The state-owned lender said the board approved issuance of up to 125 crore fresh equity shares through qualified institutions placement, public issue, rights issue

Bank of India, IOB report divergences in bad loans; losses widen for FY19

Bank of India had a fall in its net NPA divergence by Rs 329 crore for 2018-19

Banks Board Bureau recommends BoB's Sanjiv Chadha for the post of MD & CEO

The bureau has also suggested the names of L V Prabhakar and Atanu Kumar Das for Canara Bank Bank of India chiefs, respectively

Banks to sell Manohar Joshi's trust land in Mumbai over loan default

It owes Rs 15.82 crore to Bank of Maharashtra, Rs 38.63 crore to State Bank and Rs 13.18 crore to Bank of India.

Bank of India reports profit before tax of Rs 400 crore in Sept quarter

Net profit stood at Rs 266.4 crore compared to a loss of Rs 1,156.3 crore in Q2 of 2018-19.

Bank of India posts Rs 266 crore profit in Q2, eyes 10% growth in FY20

The bank had posted a loss of Rs 1,156.25 crore in the July-September quarter last fiscal.

Central Bank of India set to raise Rs 2000 crore via tier-II bonds

These rated instruments (tier-II bonds under Basel III) is a hybrid subordinated instrument with equity-like loss-absorption features.

Bank of India introduces repo-based interest rate for select loan products

Corporation Bank also announced launch of home loans linked with external benchmark

Banks Board Bureau invites applications for post of CEO, MD in PNB, BoI

As per the BBB's recruitment notice, candidates can apply for the vacancies at PNB and BOI till September 16

Bank of India puts Rs 30,000-crore non-performing asset accounts on sale

The public sector bank did not mention the amount, and said the information regarding the accounts will be given separately to the bidders

Bank of India swings back into the black, posts Rs 251 cr profit in Q4

The bank managed to sell only Rs 1,700 crore of assets to asset reconstruction companies in FY19, about one-tenth of what it planned

Bank of India posts Rs 252 crore profit in Q4; asset quality improves

This is the first quarterly earnings announcement by the bank after it came out of the Prompt Corrective Action framework in January this year

Sintex-BAPL's downgrade hits BOI AXA's Mutual Fund's credit scheme

The auto ancillary company accounted for over 20 per cent of the scheme's assets