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Bank of India Ltd (BOI.NS)

BOI.NS on National Stock Exchange of India

158.45INR
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Rs5.10 (+3.33%)
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Rs159.55
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Latest Key Developments (Source: Significant Developments)

Bank of India says no casualties resulted from its Mumbai office fire incident on April 21
12:49am EDT 

April 25 (Reuters) - Bank of India Ltd :Says on 21st April 2017, at around 4.30 p.m. Fire broke out in Bank of India building, M.G. Road, Mumbai.Says there were no casualties, however due to fire, there were some damages to furniture and fixtures, interiors and personal computers.Says operations were temporary shifted to a nearby premises on April 22.  Full Article

Bank of India sells entire 5 pct stake in TransUnion CIBIL to TransUnion International
Thursday, 23 Mar 2017 01:21am EDT 

Bank of India Ltd : Says has sold it's entire stake of 5% (12,50,000 shares) in Transunion CIBIL Limited (TUCIBIL) to TransUnion International Inc .Says deal was concluded at the rate of INR 1525.00 per equity share for a total consideration amount of 1.91 billion rupees.  Full Article

Bank of India seeks members' nod to issue, allot shares worth up to 4.46 bln rupees to India govt
Tuesday, 7 Mar 2017 07:10am EST 

Bank of India Ltd : Seeks members' nod to create, offer, issue and allot shares worth up to 4.46 billion rupees to India government .Seeks members' nod for allotment upto 23.3 million shares worth 2.95 billion rupees to LIC.  Full Article

Bank of India chief says 2016/17 credit growth to be 5-6 pct
Thursday, 9 Feb 2017 04:07am EST 

Bank Of India managing director and chief executive officer Melwyn Rego tells Reuters: Sees bad loan additions of 35 billion rupees in q4, similar amounts of recoveries and upgradations . Sees 2016/17 credit growth to be 5-6 percent . Looking to raise up to 3 billion rupees more from non-core asset sales in 2016/17 Further company coverage: [BOI.NS] (Reporting By Devidutta Tripathy) ((swati.bhat@thomsonreuters.com;)).  Full Article

Bank of India posts Dec qtr profit
Thursday, 9 Feb 2017 02:42am EST 

Bank of India Ltd : Bank of India Ltd - dec quarter net profit 1.02 billion rupees versus net loss of 15.06 billion rupees year ago . Bank of India Ltd - dec quarter interest earned 98.25 billion rupees versus 100.40 billion rupees year ago . Bank of India Ltd -dec quarter provisions 23.03 billion rupees versus 36.04 billion rupees year ago . Bank of India Ltd consensus forecast for dec quarter profit was 895.9 million rupees . Bank of India Ltd -dec quarter gross NPA 13.38 percent versus 13.45 percent previous quarter .Bank of India Ltd - dec quarter net NPA 7.09 percent versus 7.56 percent previous quarter.  Full Article

Bank of India appoints Shanker Iyer as CFO
Monday, 2 Jan 2017 12:25am EST 

Bank of India Ltd :Says appointed Shanker Iyer, general manager as chief financial officer of the bank.  Full Article

Bank of India posts Sept qtr profit
Thursday, 10 Nov 2016 03:04am EST 

Bank of India Ltd : Bank of India Ltd - sept quarter net profit 1.27 billion rupees versus net loss of 11.26 billion rupees year ago . Bank of India Ltd - sept quarter interest earned 94.58 billion rupees versus 105.40 billion rupees year ago . Bank of India Ltd - sept quarter provisions 22.96 billion rupees versus 32.37 billion rupees year ago . Bank of India Ltd - sept quarter gross NPA 13.45 percent versus 13.38 percent previous quarter . Bank of India Ltd - sept quarter net NPA 7.56 percent versus 7.78 percent previous quarter .Bank of India Ltd consensus forecast for sept quarter loss was 3.01 billion rupees.  Full Article

Bank of India cuts base rate to 9.65 pct
Wednesday, 28 Sep 2016 06:49am EDT 

Bank of India: Change in base rate .Bank of india ltd says revised its base rate from 9.70 pct (existing) to 9.65 pct, with effect from September 30, 2016.  Full Article

Bank of India sells 18% stake in Star Union Dai-Ichi Life Insurance Co
Monday, 26 Sep 2016 05:42am EDT 

Bank Of India Ltd : Shareholding of Bank of India will be 30% down from 48% . Upon change in law, Bank of India has sold its 18% stake in Star Union Dai-Ichi Life Insurance Company Ltd (SUD) To Dai-Ichi Life Insurance Company Limited (DILIC). .Shareholding of DILIC will be 44% up from 26% upon completion of the transaction.  Full Article

Bank of India posts June-qtr loss
Friday, 12 Aug 2016 03:19am EDT 

Bank of India Ltd : Says June-quarter net loss 7.41 billion rupees versus net profit of 1.30 billion rupees year ago . Says June-quarter interest earned 94.26 billion rupees versus 108.19 billion rupees year ago . Says June-quarter provisions 27.70 billion rupees versus 15.15 billion rupees year ago . Says June-quarter gross NPA 13.38 percent versus 13.07 percent previous quarter . Says June-quarter net NPA 7.78 percent versus 7.79 percent previous quarter . Consensus forecast for June-quarter net loss was 2.38 billion rupees .  Full Article

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Fitch: RBI Strengthens Tools to Intervene in Ailing Indian Banks

(The following statement was released by the rating agency) MUMBAI/SINGAPORE, April 20 (Fitch) The Reserve Bank of India's (RBI) updated "prompt corrective action" (PCA) framework could suggest a greater willingness to take regulatory action to address problems at struggling banks, but its implementation is only likely to be effective if it is matched by credible plans to address banks' significant asset quality issues and capital shortages, says Fitch Ratings. The RBI has tightened the thresho