Bank Of India Stock

Bank of India share jumped 5.79 per cent at Rs 104 a piece on the BSE in Monday's intraday trade. This came after the public sector bank reported robust growth in the third quarter of the financial ye

State-owned Bank of India (BoI) on Friday posted a 35 per cent jump in net profit to Rs 2,517 crore for the December quarter on account of a decline in bad loans. The Mumbai-headquartered bank had earned a net profit of Rs 1,870 crore in the year-ago period. The lenders' total income increased to Rs 19,957 crore during the third quarter of the ongoing fiscal against Rs 16,411 crore a year ago, BoI said in a regulatory filing. The interest income of the bank rose to Rs 18,210 crore against Rs 15,218 crore in the third quarter of the preceding year. Its net interest income (NII) increased to Rs 6,070 crore against Rs 5,463 crore for Q3 FY24. The company's operating profit rose to Rs 3,703 crore from Rs 3,004 crore in the year-ago quarter. On the asset quality front, the bank's gross non-performing assets (NPAs) declined to 3.69 per cent of the gross loans by the end of December 2024 from 5.35 per cent a year ago. Similarly, its net NPAs, or bad loans, came down to 0.85 per cent fr

The anchor bid for the asset put up for sale would translate into a recovery of around 54.5 per cent for the lender

In the last week of November, BOI raised Rs 5,000 crore through a 10-year infrastructure bond issuance at a coupon rate of 7.41 per cent

Stocks to Watch, Dec 4: From Adani Group to Swiggy, here is a list of stocks that will be in spotlight today

The 14-day RSI of Voda Idea, Bank of India, Dabur, YES Bank and DMart stands below 30, indicating oversold condition on the daily chart. In case of a pullback, these stocks can bounce back up to 24%.

SBI, Bank of India, ICICI Bank, HDFC Bank and PSB are seen trading at their respective make-or-break points post the recent stock market fall. Here are the key levels to watch out for.

Stocks to watch: Piramal Pharma aims to double its revenue to $2 billion by FY30, while tripling its Ebitda, said company Chairperson Nandini Piramal.

The PSU Bank index had zoomed 200% to a high of 8,053 after breaking above its 200-DMA in July 2022. At present, most PSU Bank stocks, barring SBI, are trading below this long-term moving average.

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Shares of Bank of Baroda, Union Bank of India and Indian Bank can potentially rally up to 15% if these support levels are held; check key support and resistance levels for 5 PSU bank stocks here.

NII was up 6% YoY to Rs 6,275 crore in Q1FY25, compared to Rs 5,915 crore in Q1FY24, aided by robust growth in advances

PSU Banks in focus post Q1 earnings: PNB, BoI, BoB, Uco Bank and IOB rallied over 3% each. SBI, Canara Bank, Union Bank of India, Indian Bank and Central Bank were up 2-3%.

SBI has raised Rs 20,000 crore through infra bonds while Canara Bank has raised Rs 10,000 crore

BOI's infrastructure loan book stood at Rs 58,860 crore at the end of March 2024

Stocks to watch on June 03: Coal India reported a 7.5 per cent increase in coal production for May, reaching 64.4 million tonnes year-on-year

At 10:30 am; Nifty PSU Bank index, the top gainer among sectoral indices, was up 2.5%, as compared to 0.42% rise in the Nifty 50, while Nifty Bank and Nifty Private Bank index are up 1%

On an index level, Nifty PSU Bank was the top sectoral performer of the day on NSE jumping 2 per cent at 7,207 levels in intraday trade

According to reports, the bank's slippages increased to Rs 2,308 crore in Q4FY24 as against Rs 1313 crore in Q3FY24. Sippages denote the amount of fresh loans that have turned into bad loans

Stocks to watch on May 13: Eicher Motors' consolidated profit after tax stood at Rs 1,070 crore for the fourth quarter ended March 2024 (Q4FY24), on the back of higher sales