Bank of India

Bank of India News

Bank of India swings to profit in Q4 with `252 crore

The bank came out of the Prompt Corrective Action framework in January this year. NII is the difference between interest earned and interest paid by a bank.BOI shares ended up 1.94 per cent for the session, following the earnings announcement, settling at Rs 81.65 per share.

Bank of India net loss soars to Rs 4,738 crore in October-December quarter

The bank’s gross non-performing assets (NPAs) came down from Rs 62,328 crore in March 2018 and Rs 61,561 crore in September 2018 to Rs 60,797 crore in December 2018.


Bank of India puts non-performing assets worth Rs 10,700 crore on sale

Last month, BoI had put on sale its exposures to Essar Steel, Bhushan Power and Steel and Alok Industries, along with 38 other NPAs worth a total Rs 8,831 crore.

CBI arrests former officials of Bank of India in Rs 2,654-crore loan case

The Central Bureau of Investigation (CBI) on Friday arrested retired officials of Bank of India for allegedly doling out undue favours to a Gujarat-based company in grant of loans of Rs 2,654 crore.

Bank of India files cheating case, CBI registers FIRs against directors of pvt firms

Sources said the first FIR was registered against two companies - Sri Nangli Rice Mills at Mandi Gurdaspur, Neha Gupta & Associates, situated in Swank Mandi in Amritsar. These both the companies had procured a loan of Rs 61.01 crore from BoI.

Meagre income: Bank of India posts Rs 2,341-crore loss in Q3 on higher provisions

Net interest margin (NIM) — a key measure of profitability — fell 33 bps y-o-y and 27 bps sequentially to 1.88 per cent in Q3.


BoI narrows Q4 net loss on lower provisions

The lender’s provisions for bad loans fell 17.5 per cent y-o-y to Rs 4,484 crore

BoI SO recruitment: Interview Call Letter released

BoI SO interview call letter 2016: The interview has been scheduled for June 16, 2016

Bank of India Q4 loss widens to Rs 3,587 cr on rising NPAs

The ratio of gross NPAs moved up from 5.39 per cent last year 13.07 per cent in Q4 of whereas the net NPA ratio moved up from 3.36 per cent to 7.79 per cent.

Man held for tampering with ATM machine in Khan Market

Police had received a complaint from Bank of India that their ATM kiosk in Khan Market was being tampered with.