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 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
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.
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 (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.
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