Page 6 - Bank Of India

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

Bank of India to divest 25% in Star Union Dai-ichi Life for Rs 1,106 crore

After the stake sale, BoI will hold 3.91% stake in Star Union Dai-ichi Life Insurance

BOI to sell 25% stake worth $160 mn in Star Union Dai-ichi Life Insurance

BOI has a 28.96 per cent stake in the joint venture, while Union Bank of India and Dai-ichi Life owns 25.10 per cent and 45.94 per cent, respectively

Bank of India to get Rs 100.86 bn as part of govt capital infusion plan

The fund infusion would be by way of preferential allotment of shares

Bank of India: Value trap despite exit from prompt corrective action list

Qualitative pick-up in loan growth essential factor in reducing costs and strengthening the balance sheet

Bank of India falls 8% on weak Q2 results

The stock slipped 8% to Rs 80.50 on Tuesday, extending its Monday's 5% decline on the BSE, after the state-owned bank reported a net loss of Rs 11.56 billion in Q2FY19.

BOI posts net loss of Rs 11.56 bn as against net profit of Rs 1.79 bn in Q2

The Reserve Bank of India in December 2018 put BOI under the prompt corrective action (PCA) framework, allowing it to take decisions to keep the the state-owned lender steady.

SBI invites bids for the sale of its stake in three associate companies

The bank's gross non-performing assets stood at 16.66%, while net NPA was at 8.45%

Bank of India puts on sale 50 corporate NPAs with Rs 55.57 bn outstanding

The aim is to conclude the sale before the end of September to get the benefit of reduction in NPAs and better recoveries in the second quarter

Bank of India to offer 100 million fresh equity shares to employees

Shares of the bank closed 8.75 per cent down at Rs 94.35 apiece on BSE

Bank of India Q1 profit up 8% to Rs 951 mn, but income falls to 108 bn

A rise in bad loans led to a higher amount to be parked for provisioning for bad loans at Rs 22.6 billion

CBI arrests two retired Bank of India officials in Rs 26.5-bn fraud

V V Agnihotri and P K Shrivastava, retired GM and DGM respectively, had allegedly granted undue favours to DPIL in granting credit limits

Q4 results: Pain not yet over for Bank of India, stock falls 5.8%

No clarity on stress, weak capital affect earnings visibility