Bank of India Ltd (BOI.NS)
23 May 2017
Mon, May 22 2017
* Bank of India exec says expects bad loan additions to be lower in 2017/18 than 2016/17 Further company coverage:
May 22 Bank of India Ltd, the country's sixth-biggest lender by assets, reported a fourth-quarter net loss of 10.46 billion rupees ($162.08 million) as provisions for bad loans remained high.
* March quarter net loss 10.64 billion rupees versus net loss of 35.87 billion rupees year ago
* Exec says entire corporate book of subsidiary banks has been fully aligned with the main bank
* Says Dinabandhu Mohapatra assumes office as managing director & CEO of Bank of India
MUMBAI, May 8 Under governor Urjit Patel, India's central bank will target inflation of 4 percent, three officials familiar with its thinking said, adopting a narrower reading of its mandate than markets in a bid to stamp out rampant price rises of the past.
* RBI can direct banks to start insolvency resolution process
* Approved to avail asset backed loan from the State Bank of India, for an amount not exceeding INR 500 million Source text: [We wish to inform you that, the Board of Directors at their meeting held on 26 April 2017 at its registered office at 10.00 am discussed and approved to avail Asset Backed Loan (ABL) from the State Bank of India, overseas branch, Chennai for an amount not exceeding Rs. 50 Crores against the security of 840815 Sq.ft of immomovable properties situated at Town and Country, S
(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
After catching the market on the wrong side on two earlier occasions, the first monetary policy of the new fiscal year moved in tandem with market expectations. The Reserve Bank of India (RBI) kept its repo rate unchanged at 6.25 percent and reiterated the neutral monetary stance assumed in its previous policy in February.