Bank of India launches 666 days fixed deposit plans
May 31, 2024, at 11:47 pm
Bank of India has launched its “666 Days - Fixed Deposit” which offers returns on deposits as high as 7.95% p.a. for Super Senior Citizens for 666 Days for deposit amount of less than Rs.2.00 Crs.
BOI raises Rs 2,000 cr at 7.88 pc in Tier II Bond Offering
Sep 14, 2023, at 09:00 am
Hyderabad/UNI: Bank of India (BoI) a leading public sector bank, on Wednesday announced it has raised Basel III compliant Tier II bonds of Rs.2,000 crores @ 7.88% p.a, through NSE’s Electronic Bidding Provider Platform.
Bank of India rolls out Mahila Samman Savings Certificate
Jul 04, 2023, at 11:37 pm
Kolkata: Bank of India, one of the largest Public Sector Banks in India, has officially launched the Mahila Samman Savings Certificate, 2023.
Bank of India's Q3 Results: Profits move up by 12 percent
Jan 18, 2023, at 12:21 am
Kolkata/New Delhi: State-owned Bank of India posted a rise by 20% sequentially in Net Profit at Rs. 1151 crore in the quarter ended December 31, 2022 (Q3FY23), driven by a steady rise in operating margins 8% sequentially.
Bank of India slashes home loan interest rates to 8.30 percent
Nov 10, 2022, at 12:30 am
New Delhi: Bank of India’s Star Home Loan now comes with a best-in-class competitive interest rate starting at 8.30 percent per annum with most affordable EMI beginning at Rs.755 per lakh.
Bank of India offers new FD scheme; depositors can earn up to 7.75%
Nov 03, 2022, at 05:33 am
Public sector lender Bank of India Wednesday announced 'Star Super Triple Seven Fixed Deposit' scheme for a limited time.
Bank of India slashes home loan interest rates to 8.30 pct
Oct 19, 2022, at 10:48 pm
Mumbai: Bank of India’s Star Home Loan now comes with a best-in-class competitive interest rate starting at 8.30 percent per annum with most affordable EMI beginning at Rs.755 per lakh.
Sep 05, 2022, at 11:11 pm
Kolkata: Bank of India has become the first public sector bank to go live on Income Tax Department’s new Direct Tax Collection System Tin 2.0.
BOI & IREDA Join Hands in Green Finance
Aug 22, 2022, at 11:06 pm
Mumbai: As stakeholders in sustainable development and carbon compliant economy, Bank of India and Indian Renewable Energy Development Agency (IREDA) have joined hands for co-lending, co- origination & loan syndication in renewable energy segment among others.
NCLT allows insolvency proceedings against Future Retail
Jul 21, 2022, at 03:42 am
The Mumbai bench of the National Company Law Tribunal (NCLT) allowed a consortium of lenders, led by Bank of India, to initiate insolvency proceedings against debt-laden Future Retail, media reports said.
Bank of India launches term deposit of 444 days with 5.50 pc p.a. ROI
Jun 23, 2022, at 09:59 pm
Public Sector lender Bank of India launched 444 days term deposit scheme on June 23, 2022 with a rate of interest of 5.50 percent per annum.
Bank of India reports two-fold jump in PAT in Q4
May 24, 2022, at 08:31 pm
Mumbai: Bank of India(BOI) on Tuesday reported a nearly two fold jump in net profit for the quarter ended March 31 at Rs 606 crore on the back of higher net interest income and better asset quality.
Bank of India inaugurates nine new Zones and two new National Banking Group offices
Apr 02, 2022, at 12:25 am
Mumbai: Bank of India, one of the country’s premier public sector banks, has announced inauguration of nine new Zones and two new National Banking Group (NBG) offices. The Zones and NBGs will commence operations from Apr 1, 2022.
Bank of India Q3 consolidated net moves up by 63.19 pc
Feb 04, 2022, at 10:32 pm
Mumbai/UNI: Public sector, Bank of India has reported a rise of 63.19 pc in its Consolidated net profit for the quarter ended December 31, 2021 at Rs 996.04 crore as against net profit of Rs 610.37 crores for the quarter ended December 31, 2020.
Bank of India to join social media platforms as part of outreach initiative
Dec 07, 2021, at 11:41 pm
New Delhi: Bank of India has announced plans to join popular social media platforms – Instagram, YouTube and LinkedIn – to connect with existing and new customers as well as increase outreach.
Bank of India opens first branch in Leh
Oct 22, 2021, at 09:54 pm
Leh: Public Sector Bank, Bank Of India, on Friday opened its first ever branch in Leh).
Bank of India reduces Home Loan and Vehicle loan rates
Oct 19, 2021, at 03:55 pm
New Delhi/Kolkata: As a part of festive offer, Bank of India, one of the premier nationalised Bank has announced a 35 basis point reduction in its Home Loan interest rates and a 50 basis points reduction in Vehicle Loan interest rates with the minimum rate now starting at 6.50 per cent against 6.85 per cent on Home Loans and 6.85 per cent against 7.35 per cent earlier on Vehicle Loans.
Jammu and Kashmir: Bank of India conducts 'customer outreach programme' in Srinagar
Oct 07, 2021, at 12:05 am
Srinagar: Bank of India, one of the premier nationalised banks in India undertook an important initiative to extensively take mainstream banking to the people of Kashmir valley by organising a “Customer Outreach Programme” at Srinagar on Oct 6.
Vandita Kaul appointed as nominee director of Bank of India
May 30, 2021, at 11:28 pm
Mumbai: Vandita Kaul, Additional Secretary, Ministry of Finance, Department of Financial Services, Government of India has been appointed as nominee director of Bank of India by the Government of India.
Bank of India Q3 consolidated net profit moves up by 341.66 pc to Rs 610.37 cr
Feb 10, 2021, at 10:14 pm
Mumbai/UNI: Bank of India has reported a rise of 341.66 pc in its consolidated net profit for the quarter ended December 31, 2020 at Rs.610.37 crore as against net profit of Rs 138.20 crore for the quarter ended December 31, 2019.
Bank of India acquires 49 pc stake in subsidiaries
Dec 04, 2020, at 03:36 am
Mumbai/IBNS: Public sector lender Bank of India (BOI) has said it will acquire 49 per cent stake in each of its subsidiaries BOI AXA Investment Managers Pvt Ltd and BOI AXA Trustee Services Pvt Ltd.
ICICI Bank Q2 net profit grows six-fold, NII rises by 16 pc
Nov 02, 2020, at 08:00 pm
Mumbai/IBNS: Private sector lender ICICI Bank on Saturday posted a net profit of Rs 4,251.3 crore for the July-September quarter, marking a six-fold increase compared to the year-ago period.
Bank of India Standalone Q1 net moves up by 3.5 times to Rs 843.60 cr
Aug 03, 2020, at 10:35 pm
Mumbai/UNI: Public Sector Lender Bank of India has reported a jump of 3.5 times in its standalone net profit for the quarter ended June 30, 2020 at Rs 843.60 crore for the period ended June 30, 2020 as against net profit of Rs 242.62 crore for the quarter ended June 30, 2019,due to lower loan provisions and rise in other income.
Bank of India reduces MCLR, MSME, housing and auto loan interest rates
May 29, 2020, at 06:06 pm
Mumbai: Bank of India has reduced its Benchmark Marginal Cost of Funds Lending Rate (MCLR) by 25 bps across all tenors. The one year MCLR is now at 7.70% p.a.
Kolkata: Bank of India organizes a one day “Har Ghar Dastak†campaign
Dec 03, 2019, at 05:34 pm
Kolkata, Dec 3 (UNI) Bank of India (BOI) has taken new initiatives under “Mission Dus Kadam” to achieve Rs 10 trillion business mix (deposits and advances) by September 2020.
Bank of India partners with Paisalo Digital for enabling loans under co-origination model
Nov 04, 2019, at 05:10 pm
New Delhi, Nov 4 (UNI) Bank of India, one of the leading Public Sector banks, has entered into an MoU with Paisalo Digital.