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India

Bank of India Ltd (BOI.NS)

BOI.NS on National Stock Exchange of India

156.90INR
3:44pm IST
Change (% chg)

Rs-5.50 (-3.39%)
Prev Close
Rs162.40
Open
Rs162.35
Day's High
Rs163.00
Day's Low
Rs155.55
Volume
3,984,123
Avg. Vol
4,013,293
52-wk High
Rs216.80
52-wk Low
Rs111.15

Latest Key Developments (Source: Significant Developments)

Bank of India ‍NIM improves to 2.15 pct in September
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Bank Of India Ltd :Says ‍NIM improved from 1.99 percent in June 2017 to 2.15 percent in September, 2017​.  Full Article

Bank of India Sept qtr profit up about 41 pct
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Bank Of India Ltd :Sept quarter net profit 1.79 billion rupees versus profit of 1.27 billion rupees last year.Consensus forecast for sept quarter profit was 666 million rupees.Sept quarter interest earned 98.94 billion rupees versus 94.58 billion rupees last year.Sept quarter provisions 19.53 billion rupees versus 22.96 billion rupees last year.Sept quarter gross NPA 12.62 percent versus 13.05 percent previous quarter.Sept quarter net NPA 6.47 percent versus 6.70 percent previous quarter.Sept quarter provisions for non performing assets 18.67 billion rupees versus 21.90 billion rupees last year.  Full Article

Bank of India exec expects bad loan additions to be lower in 2017/18 than 2016/17
Monday, 22 May 2017 

May 22 (Reuters) - Bank of India Ltd :Bank of India exec says expects NPA situation to improve.Bank of India exec says expects bad loan additions to be lower in 2017/18 than 2016/17.  Full Article

Bank of India cuts base rate to 9.65 pct
Wednesday, 28 Sep 2016 

Bank of India: Change in base rate .Bank of india ltd says revised its base rate from 9.70 pct (existing) to 9.65 pct, with effect from September 30, 2016.  Full Article

Bank of India sells 18% stake in Star Union Dai-Ichi Life Insurance Co
Monday, 26 Sep 2016 

Bank Of India Ltd : Shareholding of Bank of India will be 30% down from 48% . Upon change in law, Bank of India has sold its 18% stake in Star Union Dai-Ichi Life Insurance Company Ltd (SUD) To Dai-Ichi Life Insurance Company Limited (DILIC). .Shareholding of DILIC will be 44% up from 26% upon completion of the transaction.  Full Article

Bank of India posts June-qtr loss
Friday, 12 Aug 2016 

Bank of India Ltd : Says June-quarter net loss 7.41 billion rupees versus net profit of 1.30 billion rupees year ago . Says June-quarter interest earned 94.26 billion rupees versus 108.19 billion rupees year ago . Says June-quarter provisions 27.70 billion rupees versus 15.15 billion rupees year ago . Says June-quarter gross NPA 13.38 percent versus 13.07 percent previous quarter . Says June-quarter net NPA 7.78 percent versus 7.79 percent previous quarter . Consensus forecast for June-quarter net loss was 2.38 billion rupees .  Full Article

Bank of India signs MoU with New India Assurance Co
Thursday, 28 Jul 2016 

Bank of India Ltd : Has signed MoU with New India Assurance Co. Ltd .  Full Article

Bank of India says RBI imposes penalty of 10 mln rupees
Tuesday, 26 Jul 2016 

Bank of India Ltd : Reserve Bank of India has imposed an aggregate penalty of ten million rupees . Penalty for certain violations of the requirements under master circular on KYC/ ALM of Reserve Bank of India .  Full Article

Bank of India sells 18 pct stake in Star Union Dai-Ichi Life to Dai-Ichi Life Insurace<8750.T>
Tuesday, 21 Jun 2016 

Bank of India Ltd : Sold its 18% stake in star Union Dai Ichi Life Insurance Company-Ltd (SUD) to Dai Ichi Life-Insurace Company Limited (DILIC) .  Full Article

Bank of India says it is "cautiously optimistic" about improved performance in FY17
Tuesday, 24 May 2016 

Bank of India Ltd : Says stressed assets at 15 percent of total loans as of March end - statement . Exec says co looks to sell 10 billion rupees worth non core assets in FY 2017 . Exec says co has fully implemented RBI's asset quality review . Exec says co has 100.52 billion rupees of NPAs due to RBI asset quality review . Exec says co targets 175 billion rupees of loan recovery and upgradation in FY 2017 . Exec says asset quality is showing signs of stabilizing . Exec says co sees NPA percentage to be lower by March 2017 . Exec says co is cautiously optimistic about improved performance in FY 2017 . Exec says co has SMA2 loans of about 110 billion rupees . Exec says co is looking to raise about 85 billion rupees of capital in FY 2017 . Exec says co aims loan growth of 8-10 percent in FY 2017 . Further company coverage [BOI.NS] ((Bengaluru Newsroom; +91 80 6749 1130)).  Full Article

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Bonds slump after RBI deputy warns of banks' high interest rate risks

MUMBAI Indian bonds slumped to a near two year low on Tuesday after a central bank deputy governor highlighted growing balance sheet risks for state banks due to their high exposure to government securities.