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8 PSU banks to raise capital from market by March
Sun, Dec 03, 2017
Some banks have already got approval from the finance ministry while others are in the process of getting the green signal for raising capital either through private placement or the rights issue, they said.
Air India gets Rs 1,500 crore loan from Bank of India
Sun, Nov 12, 2017
Battling multiple headwinds, the disinvestment-bound airline has been working on ways to reduce its debt, including by way of selling non-core assets and expanding operations.
Bank of India second-quarter profit rises, beats estimates
Fri, Nov 10, 2017
Bank of India , the country`s sixth biggest lender by assets, reported a 41 percent jump in second-quarter profit, handily beating analyst estimates, with its bad loan ratio easing.
Fitch affirms eight banks' IDRs as 'stable'
Tue, Jun 27, 2017
Fitch Ratings on Tuesday that it has affirmed Issuer Default Rating (IDR) of eight Indian banks.
Syndicate bank, BOI,OBC,BOB were buzzing bank stocks today
Wed, May 31, 2017
Antim Bazi : This segment of Zee Business brings to you discussion over the current situation of the market. Experts here also analysis the figures of different stocks.
PSU Banks Rejig: Govt appoints heads of 7 banks; shifts MDs of Punjab National Bank, Bank of India
Sat, May 06, 2017
In a major restructuring of PSU banks, the government on Saturday has appointed heads of seven public sector unit (PSU) banks and carried out rejigs at Punjab National Bank (PNB) and Bank of India (BOI).
Bank stocks surge as FM promises solution to bad loans
Fri, Mar 24, 2017
Shares of public sector banks rose by up to 4.5 % today after Finance Minister Arun Jaitley promised a solution to the growing NPA problem within next few days.
Bank of India sells entire 5% stake in TransUnion CIBIL to TransUnion International
Thu, Mar 23, 2017
Bank of India has sold entire 5% stake in TransUnion CIBIL to TransUnion International on Wednesday.
Bank of India's Q3 net profit stood at Rs 101 crore; shares jump
Thu, Feb 09, 2017
The bank's gross non-performing assets (NPAs) stood at 13.38% as against 9.18% during the same period last year.
NPCI expects all public sector banks to join BHIM platform by end of February
Tue, Feb 07, 2017
NPCI expects all public sector banks to join its recently launched BHIM platform by the end of February this year.
Govt's e-payments platform BHIM App witnesses over 10 million downloads in 10 days
Mon, Jan 09, 2017
The government's recently launched e-payments platform BHIM App has witnessed over 10 million downloads in 10 days. Prime Minister Narendra Modi had launched BHIM App during his address to 'DigiDhan Mela' in New Delhi on December 30 last year, according to earlier PTI report.
Bank of India, HDFC lower home loan rates
Tue, Jan 03, 2017
Following other banks rate cut move, Bank of India (BOI) and Housing Development Corporation of India (HDFC) have lowered their home loan rates. Bank of India (BOI) has set marginal cost of funds based lending rate (MCLR) for loans with one year tenor at 8.50%.
Bank of India picks Shanker Iyer as CFO from January 1
Mon, Jan 02, 2017
Bank of India (BOI) on Monday announced the appointment of Shanker Iyer as Chief Financial Officer of the bank from January 1.
Huge queues gather outside banks to exchange old Rs 500, 1000 notes
Thu, Nov 10, 2016
After banks announced extended work timings for November 10 and November 11, people woke up early Wednesday morning to queue up in front of them to exchange their old currencies.
Kotak Mahindra Bank cuts down base rate by 10 bps
Fri, Oct 07, 2016
Following recent base rate cut moves by ICICI Bank and Bank of India (BOI), Kotak Mahindra Bank has now revised its base rate downward by 10 basis points to 9.40% per annum on Thursday.
Banks begin reducing MCLRs; what does this mean for your EMIs?
Thu, Oct 06, 2016
The Reserve Bank of India (RBI) reduced interest rate by 25 basis points on Tuesday in a bid to make borrowings cheaper. It seems that banks in India have begun following the lead. First it was India's one of the largest private sector banks, ICICI Bank that reduced MCLR.
Bank of India sells 18% stake in life insurance JV
Mon, Sep 26, 2016
The shareholding of Bank of India will decrease from 48% to 30%.
PSU Banks' Recapitalisation: Govt sanctions Rs 23,000 crore
Tue, Jul 19, 2016
Finance Ministry has said that it will provide Rs 22, 915 crore to 13 public sector banks in an effort to meet their recapitalisation needs.
PSU bank stocks rise after RBI relaxes bad loan norms
Tue, Jun 14, 2016
The scrip of Punjab National Bank (PNB) surged 5.18%, Bank of India rose by 3.14%, Bank of Baroda climbed 2.43% on the Bombay Stock Exchange (BSE).
Amid RBI concerns of non-functional ATMs, banks miss target of setting up new machines
Sun, May 29, 2016
With the addition, the total number of ATMs of public sector banks increased to 1,42,557 at March-end.