Bank of India
S&P’s harsh reality check
S&P Global Ratings on Monday downgraded the long-term issuer credit rating on public sector lender Bank of India (BoI) to ‘BB+’ from ‘BBB-’, but said that its outlook was stable.
Bad loan recovery top priority for Bank of India
Recovery of bad loans has become the first priority for Bank of India (BoI), as the lender has formed a separate recovery division so that non-performing assets on the book do not start aging and attract higher provisions, ma
S&P Global Ratings lowers long-term issuer credit rating on Bank of India
S&P Global Ratings has lowered its long-term issuer credit rating on Bank of India (BoI) to 'BB+' from 'BBB-' because of continued pressure on asset quality, given the tough operating conditions for the corporate sector in In
Maintain neutral on Bank of India with target of `85: Motilal Oswal
Bank of India (BOI) reported net loss (Rs 35.9 billion) for the fifth consecutive quarter on adjusted basis. Continued weakness in asset quality and core PPoP (-46% y-o-y; -33% q-o-q) marred overall performance.
Bank of India loss widens to R3,587 cr as provisions soar
Public sector lender Bank of India (BoI) on Tuesday reported a net loss of R3,587 crore in the March quarter of FY16, compared with a loss of R56.14 crore in the same period last year. The loss widened as provisions more than
Bank of India Q2 net loss at Rs 1,126.24 cr
Bank of India (BoI) has posted a net loss of R1,126.24 crore in the quarter-ended September compared to a net profit Rs 786 crore in the corresponding quarter last year even as provisions more than tripled.
Bank of India posts Rs 1,126.24 cr loss for July-September
State-run Bank of India today posted a net loss of Rs 1,126.24 crore for the second quarter ending September 30, mainly due to high provisioning for bad loans.
Bank of India cuts base rate by 25 bps to 9.70 pct
Following the repo rate cut by the Reserve Bank, public sector lender Bank of India this evening announced reduction in its minimum lending...
After inking a first, FinMin says no more hiring from private sector for PSB top jobs
Having appointed private sector professionals to head two large public sector banks (PSBs), the Finance Ministry today said further such hiring of CEO and managing directors in banks would be from existing public sector talen
Bank of India net tumbles 84% on higher provisions
Bank of India (BoI) on Tuesday reported an 84% drop in its net profit to R129.72 crore for Q1FY16 on the back of higher provisioning.
Early birds show PSBs to cringe in NPA pain
As Q1 results trickle in, asset quality issues seen chipping away bank's profits
Bank of India Q1 Net plummets 84% on higher bad loan provisioning
Bank of India (BoI) today reported a 84 per cent decline in net profit at Rs 129.72 crore in the April-June quarter of the current fiscal.
Bank of India to raise Rs 6,000 crore from bonds
State-owned Bank of India (BoI) plans to raise Rs 6,000 crore from Tier I and II bonds to fund its business growth.
