Page 7 - Bank Of India
Govt banks continue to have truncated boards, 10 don't even have a chairman
Meeting quorum of board sub-committees becomes difficult sometimes, say bankers
 "Govt banks continue to have truncated boards, 10 don't even have a chairman")
Good show by banks but can they sustain it?
Till March, banks could hold on but not all of them will be in a position to stomach the impact of the second wave of the pandemic
 "Good show by banks but can they sustain it?")
Bank of India allots shares to govt for Rs 3,000 crore capital infusion
State-owned Bank of India on Friday said it has allotted preference shares to the government for Rs 3,000 crore capital infusion. The bank has allotted 42,11,70,854 fresh equity shares of Rs 10 each to the government (promoter) at Rs 71.23 per share, amounting to Rs 3,000 crore through preference issue, Bank of India said in a regulatory filing. Shares of the bank closed 0.37 per cent up at Rs 80.45 apiece on BSE.
 "Bank of India allots shares to govt for Rs 3,000 crore capital infusion")
Reserve Bank imposes penalty on Bank of India, PNB totalling Rs 6 crore
The RBI on Monday imposed penalty aggregating to Rs 6 crore on Bank of India and Punjab National Bank for contravention of norms
 "Reserve Bank imposes penalty on Bank of India, PNB totalling Rs 6 crore")
Top headlines: RBI keeps interest rates unchanged; BoI posts profit in Q4
RBI keeps interest rates unchanged, announces measures to support economy
Bank of India to allot preferential shares to govt for Rs 3,000 crore
Bank of India said it has convened an extra-ordinary general meeting of shareholders this month for seeking approval to the allotment of preferential shares to the government for Rs 3,000 crore
 "Bank of India to allot preferential shares to govt for Rs 3,000 crore")
Govt to infuse Rs 14,500 crore in 4 banks, issue recapitalisation bonds
Special securities shall be non-interest bearing and no interest shall be payable on issue of the securities
 "Govt to infuse Rs 14,500 crore in 4 banks, issue recapitalisation bonds")
Stocks to watch: Laxmi Organic, Craftsman, Jubilant Food, BoI, RVNL, Airtel
Pokarna Engineered Stone, a wholly-owned subsidiary of Pokarna, has started commercial production at its second quartz surface manufacturing facility, with effect from March 24
 "Stocks to watch: Laxmi Organic, Craftsman, Jubilant Food, BoI, RVNL, Airtel")
Bank of India to issue Basel III compliant bonds to raise up to Rs 750 cr
Bank of India on Wednesday said it will raise up to Rs 750 crore by issuing Basel III compliant bonds.
 "Bank of India to issue Basel III compliant bonds to raise up to Rs 750 cr")
Winners' curse: Top bosses at PSBs see their term ending much before time
Govt has appointed 14 EDs at public-sector banks; their performance will be reviewed after three years for a two-year extension
 "Winners' curse: Top bosses at PSBs see their term ending much before time")
Nifty PSU Bank index up 47% in Feb on improved earnings, privatisation buzz
Indian Overseas Bank, Central Bank of India, Bank of Maharashtra, Bank of India, and Punjab & Sind Bank have seen their share price zoom between 53 per cent and 80 per cent in the last week
 "Nifty PSU Bank index up 47% in Feb on improved earnings, privatisation buzz")
HEG, Linde: Despite 50% rally in Feb, these 14 stocks can rise another 25%
The technical outlook continues to show more upside in these stocks
 "HEG, Linde: Despite 50% rally in Feb, these 14 stocks can rise another 25%")
Size, branch reach make Bank of India an attractive privatisation candidate
First to exit PCA in 2019, the bank's efforts to better its asset quality is yielding results
 "Size, branch reach make Bank of India an attractive privatisation candidate")
Sensex ends flat after volatile trade, holds 52k; IT stks dip, metals shine
The broader markets ended higher today with the S&P BSE MidCap and SmallCap indices settling 0.2 per cent and 0.43 per cent up, respectively
 "Sensex ends flat after volatile trade, holds 52k; IT stks dip, metals shine")
PSBs jump on privatisation buzz; Bank of Maharashtra, IOB hit upper circuit
In February so far (till Monday), the Nifty PSU Bank index has rallied 16.4 per cent as compared to a 7.2 per cent gain in the benchmark Nifty50
 "PSBs jump on privatisation buzz; Bank of Maharashtra, IOB hit upper circuit")
Five-fold spike in BoI's Q3 net at Rs 541 cr as NPA provisions dip
The lender's net interest income and margin shrink year-on-year, non-interest income also declines
 "Five-fold spike in BoI's Q3 net at Rs 541 cr as NPA provisions dip")
Bank of India Q3 net profit jumps over five-fold to Rs 540.72 cr
The firm reported a more than five-fold jump in standalone net profit for the quarter ended in December
Bank of India raises Rs 750 crore through bond issuance
The bank has raised Rs 750 crore by issuing Basel III compliant bonds
 "Bank of India raises Rs 750 crore through bond issuance")
Indiabulls Housing Finance appoints ex-BoI CEO as independent director
The board of Indiabulls Housing Finance has approved the appointment of Dinabandhu Mohapatra as an Independent Director (Additional Director), on the Board of Directors of the Company
 "Indiabulls Housing Finance appoints ex-BoI CEO as independent director")
Indiabulls Housing Fin appoints former BoI MD as independent director
Dinabandhu Mohapatra is a former managing director and CEO of Bank of India
 "Indiabulls Housing Fin appoints former BoI MD as independent director")
