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Bank Of India

The Reserve Bank of India (RBI) on Friday decided to keep benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy is yet to recover from the impact of second COVID wave.

Bank Of India Q1 Profit Surges Nearly Three-Fold To Rs 1,551 Cr

On the asset quality side, the bank witnessed an improvement with the gross Non-Performing Assets (NPAs) easing to 6.67 per cent of the gross advances by June 2023 from 9.30 per cent a year ago

28 July 2023

What Is Risk-O-Meter In Mutual Fund Investment, When Does It Change?

Risk-o-meter is a pictorial depiction of the risk level in a mutual fund scheme. All asset management companies are legally obligated to show it in their scheme-related documents.

16 May 2023

Higher Margins, Loan Sales Take Bank of India Q3 Net Profit Up 12% At Rs 1,151 Crore

Higher Margins, Loan Sales Take Bank of India Q3 Net Profit Up 12% At Rs 1,151 Crore

Total income rose to Rs 14,159.60 crore in the reporting quarter from Rs 11,211.14 crore a year ago, the city-based bank said on Tuesday

17 January 2023

Bank Of India Starts Offering Mahila Samman Savings Certificate Account At All Branches

Bank of India is the first bank to offer Mahila Samman Savings Certificate at all its branches

05 July 2023

Bank of India

Bank Of India Q4 Net Profit Doubles To Rs 1,388 Crore

On the asset quality front, the bank's gross non performing assets (GNPA) ratio decreased to 7.31 per cent from the 9.98 per cent level in the year-ago period

07 May 2023

Lending rates of banks after RBI's revision of repo rate

Bank Of India, HDFC Bank And Others Hike Lending Rates Following RBI’s Revision Of Repo Rate    

RBI’s move of revising the repo rate post Monetary Policy Committee (MPC’s) meeting was bound to have a ripple effect on the lending rates of banks like HDFC Bank, Bank of India and others.

08 December 2022

SBI

SBI Slow In Procurement From Gem Portal; Lags Behind Smaller Counterparts In 2022-23

According to government data, India's largest lender SBI was quite slow in procuring goods and services from government-owned GeM portal in 2022-23 and lagged behind smaller counterparts, including Canara Bank and Punjab...

21 May 2023

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The Financial Services Institutions Bureau on Wednesday invited applications from eligible candidates for the post of Managing Director & Chief Executive Officer (MD & CEO) of Bank of Baroda (BoB)

Financial Services Institutions Bureau Seeks Applications For Post For Bank of Baroda CEO

Last month the headhunter for directors of state-owned banks and financial institutions had invited applications for the position of MD of another large state-owned lender Bank of India

07 December 2022

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18 July 2022
Bank of India Launches Platform for Mobile-Based NPS Enrolment

Bank of India Launches Platform for Mobile-Based NPS Enrolment

The platform will allow customers to create their NPS account via mobile, in an easy and hassle-free manner


15 July 2022
Bank Of India With PFRDA Launches Platform For Opening NPS Account Via Mobile Phone

Bank Of India With PFRDA Launches Platform For Opening NPS Account Via Mobile Phone

The Pension Fund Regulatory and Development Authority (PFRDA) and Bank of India launched the digital platform for NPS enrolment in association with K-fintech


15 June 2022
Fitch Revises Rating Outlook On 9 Banks Including SBI, ICICI Bank And Axis Bank

Fitch Revises Rating Outlook On 9 Banks Including SBI, ICICI Bank And Axis Bank

"Fitch Ratings has revised the Outlook to Stable from Negative on the Long-Term Issuer Default Ratings (IDR) of 9 India-based banks, while affirming their...


10 June 2022
HDFC, Indian Overseas Bank Hike Lending Rate By 0.50%

HDFC, Indian Overseas Bank Hike Lending Rate By 0.50%

Earlier on Wednesday, three state-owned lenders Punjab National Bank, Indian Bank and Bank of India had announced raising their respective repo-based lending...


24 May 2022
Bank Of India Net Profit Surges Over Two-Fold To Rs 606 Crore In March Quarter

Bank Of India Net Profit Surges Over Two-Fold To Rs 606 Crore In March Quarter

The total standalone income during the January-March quarter of 2021-22 rose to Rs 11,443.46 crore against Rs 11,155. 53 crore a year ago, Bank of India said...


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05 May 2022
ICICI, Bank Of Baroda, Bank Of India, Central Bank Revise Lending Rates After Repo Rate Hike

ICICI, Bank Of Baroda, Bank Of India, Central Bank Revise Lending Rates After Repo Rate Hike

The increase in the repo by RBI will push up the cost for most of the personal loans, auto and home loans for customers as the new loans post-October 2019 are...


28 April 2022
NCLT Gives Future Retail Time Till May 12 To File Reply On Insolvency Plea

NCLT Gives Future Retail Time Till May 12 To File Reply On Insolvency Plea

Last week, the Bank of India moved the tribunal seeking to initiate insolvency resolution proceedings against FRL, which has defaulted on loan repayments.


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