Page 13 - Bank Of India

Bank of India postpones Rs 30-bn QIP plan after govt nod to infuse capital

The bank expects to be out of RBI's watchlist soon as it has put in place an aggressive bad loan recovery strategy

BoI to be out of RBI watch list soon as bad loan recovery picks up: MD

Downgrading of accounts impacted the profitability as well as non-performing asset (NPA) position of the bank retrospectively

Bank of India receives capital infusion worth Rs 2,257 cr from govt

The infusion is in terms of the Ministry of Finance, Department of Financial Services, Government of India

RBI action to impact growth of Bank of India

Though gross non-performing assets ratio has been declining in recent quarters, it is still one of the highest among peers

BoI to shut 400 ATMs, 300 more under review

At the end of September, Bank of India's gross NPAs stood at 12.62%

Why RBI has placed Bank of India under prompt corrective action

The action would mean the Mumbai-based lender would face restrictions on lending activity

RBI begins prompt corrective action against Bank of India; shares dip 5%

BoI had a net non-performing assets ratio of 6.47% as of end-September

Bank of India falls 5% as RBI puts bank under Prompt Correction Framework

Bank of India said this action will contribute to the overall improvement in risk management, asset quality, profitability, efficiency, etc of the Bank

Bank of India to seek new bids for STCI Finance stake

STCI Finance is one of BoI's non-core investments which it has decided to monetise for raising resources

Bank of India Q2 net profit rises 41% to Rs 179 cr

The bank had net profit of Rs 126.84 cr in July-Sept of previous fiscal year

BOI, United Bank to raise up to Rs 1,500 crore via bonds

Both banks are facing elevated pressure on asset quality and profitability

Bank of India cuts lending rates by 0.05-0.10% from Sept 10

Banks had adopted MCLR from April 2016 following the directive of Reserve Bank of India

Bank of India puts bad loans worth Rs 3,169 crore on sale

The sale comprises 67 accounts with a principal balance of about Rs 3,169.08 crore

Bank of India gains 6% as assets quality improves in Q1

The stock was up 6% to Rs 163, bouncing back 9% from its early morning low of Rs 149 on BSE

Bank of India swings from loss to profit in Q1, bad loans fall

The Mumbai-based bank net profit was Rs 87.71 crore in the quarter ended June 30

Bank of India to raise up to Rs 626 crore via STCIF stake sale

The bank has called a pre-bid meeting on August 14 and the final bids are to be sent in by 3 pm on

Bank of India to raise up to Rs 626 cr via STCI Finance stake sale

It may sell partial/entire stake in STCIFL to unlock its value of investment by floating this RFP

Bank of India reports losses, expects to return to black in Q2

BoI has been facing losses for the last two consecutive years

BoI may sell stake in subsidiaries to raise capital to deal with bad loans

The bank's gross NPAs were restricted to 13.22% of the gross advances at the end of March 2017

Bank of India to hire 702 managers

Closing date to submit an application form for officer and manager post is May 5, 2017