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Bank of India Ltd (BOI.NS)

BOI.NS on National Stock Exchange of India

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Mon, Jan 9 2017

BRIEF-Bank of India cuts lending rate on home loans by 55-60 bps

* Says revised rates for home loan at 8.70% (8.65% for women)

BRIEF-Vimal Oil & Foods says Bank of India serves symbolic possession notice to co

* Bank of India has served symbolic possession notice to the company on 15/11/2016. Source text: http://bit.ly/2eEC6Ky

BRIEF-Ujjivan gets RBI nod to start small finance bank ops

* Ujjivan gets RBI nod to commence small finance bank operations Source text:

BRIEF-Bank of India exec says mulling sale of more non-core assets to raise capital

* Exec says expects 4.46 billion rupees government capital injection in Jan-March quarter

BRIEF-Bank of India posts Sept qtr profit

* Bank of India Ltd - sept quarter net profit 1.27 billion rupees versus net loss of 11.26 billion rupees year ago

India plans to take away RBI's debt management role in two years

NEW DELHI, Oct 5 India plans to transfer the central bank's responsibilities for managing public debt on behalf of the government to a new independent agency in the next two years, the finance ministry said.

State Bank of India chair given extension to drive overhaul

MUMBAI, Oct 1 India has given State Bank of India's Arundhati Bhattacharya a one-year extension as chairman, the nation's top lender by assets said, allowing her more time to lead a clean-up of bad assets and oversee a merger of affiliates.

BRIEF-Bank of India sells 18% stake in Star Union Dai-Ichi Life Insurance Co

* 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).

BRIEF-Moody's affirms Export-Import Bank of India's BAA3 ratings

* Rating incorporates 3-notch uplift due to Moody's assumption of bank's very high dependence on the government

Fitch Assigns Bank of India First-Time 'BBB-' Rating; Outlook Stable

(The following statement was released by the rating agency) SINGAPORE/MUMBAI, July 19 (Fitch) Fitch Ratings has assigned Bank of India a Long-Term Issuer Default Rating (IDR) of 'BBB-' and Short-Term IDR of 'F3'. The agency has also assigned the bank a Viability Rating of 'bb-', Support Rating of '2' and Support Rating Floor of 'BBB-'. The Outlook on the IDR is Stable. A full list of rating actions is at the end of this commentary. KEY RATING DRIVERS IDRS, SUPPORT RATING AND SUPPORT RATING

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