Page 11 - Bank Of India

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

Bank of India sees further improvement in bad loans in Dec quarter

State-run lender booked a net profit of Rs 1.02 bn in the three months ending in December

Bank of India Q2 profit rides on Dai-ichi Life stake sale

Public sector lender reported a net profit of Rs 126.84 crore in the second quarter ended September 30

Bank of India swings back into profit in Q2 at Rs 127 cr

The profit after four quarters is aided by sale of its 18% stake in Star Union Dai-ichi Life Insurance to LIC

BOI sells 18% stake in insurance JV to partner Dai-ichi Life

With this, the shareholding of BOI has come down to 30 per cent from 48 per cent in SUD

BoI to tap retail investors for tier-I capital bonds

Targets Rs 1,000 cr via sale of non-core assets

Bank of India looks to raise Rs 500 cr more from asset sale this year

In June, it raised Rs 540 cr by selling 18% stake in life insurance joint venture with Dai-ichi and Union Bank of India to the Japanese firm

Bank of India Q1 net loss at Rs 741 crore

The state-run bank had earned a net profit of Rs 129.7 cr in the April-June quarter of last financial year

Bank of India to allot preference shares to govt for Rs 1,338 crore

The public lender will seek shareholder approval for the same at its extraordinary general meeting to be held on Aug 30

CRISIL: BoI margins to see pressure

CRISIL has assigned "AA+" rating to Bank of India's (BoI's) Rs 15.0 billion Tier II bond issue (under Basel III)