Boi

Bank of India targets 35% share in MCLR-linked credit in next 2-3 years

Prudent growth forecast for FY26: 12-13%

BOI up 3% after reports suggest bank plans to raise additional Rs 5,000 cr

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

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)

Tata Power Solar Systems partners with BoI for EV charging stn financing

Tata Power Solar Systems Ltd (TPSSL) on Friday said it has partnered with Bank of India (BOI) to facilitate easy financing for rooftop solar installations and establishment of electric vehicle (EV) charging stations. The partnership is a significant milestone with Tata Power Solar becoming the first solar company to collaborate with BOI for both solar and EV Charging Station financing and strengthening its leadership as a green energy solutions provider, a statement said. This collaboration supports the government's initiatives to promote rooftop solar installations, targeting a wide spectrum of customers, including residential users under the PM Surya Ghar Yojana, housing societies, and Micro, Small, and Medium Enterprises (MSMEs). Under the PM Surya Ghar Yojana, residential customers seeking to install solar systems up to 3 KW can avail loans up to Rs 2 lakh with only a 5 per cent margin money requirement. These loans are offered at an attractive interest rate of 7.10 per cent pe

BOI Q1FY24 results: Net profit jumps 176% YoY to Rs 1,551 cr; GNPA down 22%

The net NPA for Q1FY24 came in at Rs 8,119 crore, as compared to Rs 9,775 crore YoY

Bank of India pays dividend of Rs 668 crore to government for FY23

On May 30, BOI declared a dividend of Rs 2 per equity share

BOI to raise up to Rs 3,000 cr via tier II bonds to support business growth

Mumbai-based lender has board nod to raise up to Rs 6,500 cr in FY24, of which Rs 4,500 cr would be via AT1 bonds/equity and balance via tier II bonds

BOI MF settles 'inter-scheme transfer' case with Sebi, pays Rs 3.93 cr

The fund house along with five individuals pay Rs 3.93 crore for the settlement

Bank of India to raise up to Rs 2,500 crore by issuing AT-I bonds

State-owned Bank of India on Friday said it will raise up to Rs 2,500 crore by issuing bonds. The board of the lender, at a meeting held on Friday, approved raising of Tier-1 capital by issue of Basel-III compliant additional tier-I (AT-I) bonds of up to Rs 2,500 crore, it said in a regulatory filing. The capital will be raised in one or more tranches, the bank added.

BOI Q2 net down 8.65% YoY on rise in provisions for standard assets

Earnings, asset quality profile improve for public sector lender

Bank of India's net profit rises 142.3% to Rs 606 crore in Q4FY22

The board recommended a dividend of Rs 2 per equity share (of face value of Rs 10) for 2021-22 subject to shareholders' nod

BoI posts Q4 profit of Rs 250 cr versus Rs 3,571 cr loss a year ago

Full year (FY21) profit at Rs 2,160 crore, as against loss of Rs 2,957 crore in FY20

BoI looks to raise Rs 10 bn via sale of non-core assets, real estate

The bank is planning to sell its entire stake in STCI Finance