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Latest Articles in bank of india

LIC Picks Up Nearly 4% Stake In Bank Of India Through Open Market Transaction

In the qualified institutional placement (QIP), which closed on August 30, LIC picked up the biggest chunk by acquiring nearly 39.22 per cent (15,90,07,791 shares) of the equity shares offered in the issue.

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State-Owned Banks Getting Ready For Privatisation May Come Out With VRS

Central Bank of India, Indian Overseas Bank, Bank of Maharashtra and Bank of India are some of the names that may be considered for privatisation by the Core Group of Secretaries on Disinvestment.

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RBI Imposes Penalty On BoI, PNB Totalling Rs 6 Cr

The bank had also conducted a review and submitted a Fraud Monitoring Report (FMR) dated January 1, 2019 pertaining to detection of fraud in an account.

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Bank Of India Logs Profit Of Rs 250 Cr In Q4

Total income during March quarter 2020-21 was down at Rs 11,379.84 crore as against Rs 12,215.78 crore in the year-ago period.

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Bank Of India EGM Next Week To Seek Shareholders' Nod For Preference Shares To Govt

Bank of India said it has been growing very diligently and cautiously for the last many years and there is a constant requirement to augment capital.

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All About Privatization of PSBs

The Finance Minister’s budget speech did include the paragraphs regarding the government's intent to undertake the privatization of select PSBs.

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India Shortlists Four Banks For Potential Privatisation

The government is considering mid-sized to small banks for its first round of privatisation to test the waters. In the coming years it could also look at some of the country's bigger banks

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Bank Of India Q3 Net Profit Jumps Over Five-Fold To Rs 540.72 Cr

On the asset front, gross bad loans or non-performing assets (NPA) fell to 13.25 per cent of gross advances at the end of December 2020 as against 16.30 per cent in the year-ago period.

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BoI reports divergence of Rs 63 crore in gross NPAs

BoI reports divergence of Rs 63 crore in gross NPAs

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Moody's cracks down on five Indian public sector banks

Moody's cracks down on five Indian public sector banks

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Bank Of India Clocks Q1 Net Profit Of Rs 844 Cr On Lower Provisions

Net interest income in Q1 FY21 was down marginally to Rs 3,481 crore from Rs 3,485 crore in Q1 FY20. Pre-provision operating profit increased to Rs 2,845 crore from Rs 2,271 crore in the same period last year.

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Bank Of India Suffers A Loss Of Rs 3,571 Crore In Q4 On Bad Debts

The global net interest margin stood was flat at 2.9 for Q4 FY20 while the cost to income ratio reduced from 59 per cent in Q4 FY19 to 51.6 per cent in Q4 FY.

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Fitch Revises Outlook On 9 Indian Banks' IDRs To Negative

They are Export-Import Bank of India (EXIM), State Bank of India, Bank of Baroda, Bank of Baroda (New Zealand) Ltd, Bank of India, Canara Bank, Punjab National Bank, ICICI Bank and Axis Bank.

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BoB, BoI Reduce MCLR Across Tenors

Bank of Baroda reduced the one-year marginal cost of funds based lending rates (MCLR) by 5 basis points to 8.25% while overnight and one-month MCLR were reduced by 20 basis points to 7.65 %.

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Bank Of India Post Rs 266 Crore Profit In Q2

The bank had posted a loss of Rs 1,156.25 crore in the July-September quarter last fiscal.

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