Bank Of India

UCO Bank, Central Bank rise up to 9% in trade: here's why PSBs are surging

Among others, UCO Bank and Central Bank gained over 9 per cent and over 7 per cent respectively. Indian Overseas Bank shares were up over 6 per cent

Bank of India plans additional Rs 5,000 cr infrastructure bond issue

To conduct brand recall survey for image enhancement, explores idea to appoint brand ambassador

SBI, other banks reviewing Adani group exposure after US bribery charges

While SBI will exercise caution while disbursing future loans to ensure compliance, the review does not mean a change in the lenders' credit approach to the ports-to-energy conglomerate

Indian banks reviewing exposure to Adani Group after US indictment

SBI has the largest exposure to the Adani Group among Indian banks, with sanctioned loans of Rs 33,800 crore ($4 billion)

Stocks to Watch, Nov 28: Vedanta, BoB, HDFC Bank, Adani Group shares, BoI

From Adani Group of stock to Vedanta, here is a list of shares that will remain in focus today

Bank of India, BoB mop up Rs 8,500 crore via bonds amid strong demand

SBI has raised Rs 50,000 crore through domestic bonds in FY25

Bank of India plans to raise Rs 5,000 crore via 10-year infra bonds

State-owned banks have increasingly turned to the domestic capital market to raise funds via infrastructure bonds, driven by credit growth needs amid challenges in deposit mobilisation

Axis Bank, Bank of India eyeing to raise funds through AT-I bonds

In FY25 so far, banks have raised Rs 8,000 crore through perpetual bonds. In comparison, banks raised Rs 20,706 crore in FY24 and Rs 31,394 crore in FY23

BoI to attract high net-worth individuals to counter deposit woes: CEO & MD

Open to joint venture or inorganic acquisition of mutual fund unit

Planning to buy a new car soon? Here are the best loan rates available

A comprehensive list of new car loan rates and charges by 18 leading banks

Bank of India Q2FY25 results: Net profit jumps 63% to Rs 2,374 cr

Bank of India (BoI) on Monday reported a 63 per cent jump in net profit to Rs 2,374 crore for the second quarter ended on September 30, 2024, on higher non-interest income. The public sector bank had a net profit of Rs 1,458 crore in the quarter ended in September 2023. Total income increased to Rs 19,872 crore in the July-September quarter of current fiscal, from Rs 16,659 crore in the corresponding quarter of previous fiscal. Net interest income (NII) increased by 4 per cent YoY to Rs 5,986 crore for Q2FY25 against Rs 5,740 crore in the year ago period. Non-interest income jumped 49 per cent YoY to Rs 2,518 crore during the quarter under review, against Rs 1,688 crore in the corresponding quarter of the previous fiscal. Net non performing assets (NPA) declined by 29 per cent YoY from Rs 7,978 crore in September 2023 to Rs 5,649 crore in September 2024. Bank of India shares closed at Rs 112.25 , up 0.63 per cent over previous close on BSE.

Q2 results today: Hindalco, ONGC, Britannia among 321 to post earnings

Q2 company results, November 11: Shree Cements, Jubilant FoodWorks, Bank of India, NMDC, and Ramco Cements will release their Q2FY25 results today

Bank of India launches 400-day fixed deposit scheme for festive season

Offer available at the bank's branches and digital channels (BOI Omni Neo App/ Internet Banking)

State-owned Bank of India raises Rs 2,500 crore at 7.49% via tier-II bonds

The state-owned lender will raise Rs 2,500 crore through additional Tier-I bonds in Q3

BOI launches 333-Day Star Dhan Vriddhi FD, offers 7.9% interest rates

Star Dhan Vriddhi offers interest rates of 7.25%, 7.75% and 7.90% for general citizens, senior citizens, super senior citizens

Rates to remain elevated for loans, bulk deposits: Bank of India MD & CEO

With rising cost of funds, loans rates on highly rated corporates will need a relook to protect margins, he says

Bank of India's Q1 net profit rises 10% to Rs 1,703 cr, NII up 6%

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

Bank of Maharashtra raises just Rs 811 crore in infrastructure bond sale

Lender was looking to mop up Rs 3,000 crore, but bids totalled only Rs 1,390 crore

Bank of India is offering 8.10% on term Fixed Deposit: check revised rates

Lender raises extra interest rate for deposits made by senior citizens and super senior citizens

11 public banks charge Rs 2,331 cr for non-maintenance of minimum balance

For the recovery of this charge from account holders, public sector banks have formulated slab structures based on different geographies and segments