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Bank account holder? Interest rates of these lenders to change; Know impact on your pocket
Mon, Jun 01, 2020
Many banks have made changes in their interest rates over the last few days. If you are a Union Bank of India or Bank of India customer, then you should know the new interest rates that have come into effect from 1 June
RBI slaps penalties on Bank of India, Karnataka Bank
Fri, May 29, 2020
In another case, RBI has imposed a penalty of Rs 1.20 crore on Karnataka Bank Ltd for non-compliance with certain provisions of directions issued by it on "Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances-Divergence in NPA Accounts" and "Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances".
PNB, Bank of Baroda, others launch COVID-19 personal loans; should you go for them?
Thu, Apr 23, 2020
Sahyog COVID-19 Personal Loan: People may be facing a money crisis during the lockdown period as they are not being able to go to their work and they may have exhausted their savings bank account.
Took home loan, car loan from this bank? Good news for you - Check details
Sun, Mar 29, 2020
It's a good news for you if you have borrowed home loan or car loan from Bank of India.
SBI, Canara Bank, 2 other public sector banks in India cut deposit, loan interest rates
Sat, Feb 08, 2020
SBI or State Bank of India, Bank of India, Canara Bank and Oriental Bank of Commerce have announced to reduce the loan interest rates and deposit rates.
Bank of India to recover around Rs6,000 crore in Q3 & Q4: Atanu Kumar Das, ED
Tue, Dec 17, 2019
There are quite a few accounts that are lined up under the Samadhan Scheme led by SBI especially those in the power projects and we expect around Rs1,000-1,500 crore of reversal in this quarter", says Atanu Kumar Das of Bank of India.
Latest fixed deposit rates: SBI, Bank of India, Axis Bank, IDBI Bank new FD rates
Sat, Sep 14, 2019
After Reserve Bank of India (RBI) lowered its repo rate by 35 basis points to 5.40 percent, most banks have revised their deposit rates to bring parity with the other rates.
Over 5,000 ATMs shutdown in last one year, this is the reason why
Mon, May 20, 2019
The number of bank ATMs in the country is continuously declining due to rapidly growing digital banking. The banks are cutting their costs by reducing the number of ATMs across the nation.
Mission Samadhan has played an important role in reducing net NPA burden: Deenbandhu Mohapatra, Bank of India
Fri, May 17, 2019
Dinabandhu Mohapatra, MD & CEO Of Bank of India, speaks about quarter results and reasons for betterment, provisioning coverage ratio and slippages, NCLT accounts and 'Mission Samadhan' among others during a conversation with Anurag Shah, Zee Business. Excerpts:
Bank of India posts Rs 252 crore profit in Q4
Thu, May 16, 2019
The asset quality of the bank improved slightly with the gross non-performing assets (NPAs) coming down to 15.84 per cent of gross advances at March-end 2019 against 16.58 per cent as of March 31, 2018. At the same time, net NPAs came down to 5.61 per cent from 8.26 per cent.
The Big Bank Theory! PNB + UBI + BOI merger next after BoB, Vijaya, Dena Bank?
Tue, Apr 30, 2019
Merging small banks is one of the ways in which the government is trying to tackle the NPA crisis.
Bank of India to sell 25.05 pct stake in life insurance JV for Rs 1,106 cr
Fri, Apr 05, 2019
The proposed stake sale is part of BoI's plan to offload some of its non-core assets and raise funds. Shares of BoI were trading at Rs 100.15 per piece, down 0.84 per cent over previous close on the BSE.
Five PSU lenders get capital infusion of Rs 21,428 crore from government
Thu, Mar 28, 2019
This capital infusion is for the current fiscal ending March 31, 2019.
Ahead of Budget 2019, good news! 3 banks, Bank of India, Bank of Maharashtra, Oriental Bank of Commerce, taken out of RBI's PCA framework
Fri, Feb 01, 2019
"In the case of Oriental Bank of Commerce, though the net NPA was 7.15 per cent, as per the published results of third quarter, the government has since infused sufficient capital and bank has brought the net NPA to less than 6 per cent."
Govt to infuse Rs 10,086 crore in Bank of India
Sat, Dec 29, 2018
State-owned Bank of India Saturday said the government has decided to infuse Rs 10,086 crore in the bank as part of Rs 28,615 crore capital infusion to be done in about half a dozen public sector lenders.
SBI, PNB, BoB, HDFC, ICICI, Kotak, other bank customers, ATM cloning fraud scare to stop haunting soon
Sun, Dec 16, 2018
ATM cloning fraud: To save the customers, banks have started making changes to software and hardware in ATMs to ensure the machine shuts down automatically as soon as it suspects cloning.
Cash rain! ATM delivers Rs 500 when asked for Rs 100 - Here's what happened next
Sun, Dec 09, 2018
People in Alirajpur, Madhya Pradesh were in for a surprise when a bank ATM started delivering Rs 500 from the Rs 100 cassete
NCLT Delays force 13 banks to auction off stressed corporate loans of Rs 33,949 cr to ARCs
Fri, Oct 12, 2018
Delays in resolutions at National Company Law Tribunals (NCLT) have forced 13 banks to auction off stressed corporate loans of Rs 33,949 crore to asset reconstruction companies or distressed funds with foreign funding.
SBI, HDFC, BoB, Axis, ICICI, PNB, Canara, other banks' customers may do this again?
Sun, Oct 07, 2018
Even as the Supreme Court has ruled that bank customers do not need to link their accounts with Aadhaar, the Union government-led by Prime Minister Narendra Modi has the power to make it mandatory again.
Did RBI just impose Rs 10 mn penalty on your bank? Check now
Fri, Sep 07, 2018
These banks were blamed for contravention of instructions contained in Master Circular on Fraud – Classification and Reporting issued by RBI.