Bank of India Ltd (BOI.NS)
16 Jan 2018
Tue, Jan 16 2018
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.
* BANK OF INDIA - BANK DOES NOT HAVE ANY PLAN OF LEVYING CHARGES ON THOSE SERVICES WHICH ARE AVAILABLE FREE OF CHARGES CURRENTLY Source text: There were reports in some segments of Social media, Print & Visual media that all free services of PSBs including Bank of India will be ceased from January 20, 2018. It is hereby clarified that Bank of India does not have any plan of levying charges on those services which are available free of charges currently] Further company coverage:
* SAYS TO CONSIDER CAPITAL RAISING PLANS BY BANK Source text - http://bit.ly/2EvODIH Further company coverage:
* BANK OF INDIA - SIGNS MOU WITH RECEIVABLES EXCHANGE OF INDIA AS TRADE RECEIVABLES DISCOUNTING SYSTEM PARTNER Source text: [Bank of India, has entered into MOU with Receivables Exchange of India Ltd (RXIL) as a TReDS (Trade Receivables Discounting System) partner for discounting invoices of MSMEs on digital platform .] Further company coverage:
** Shares of Indian banks rise after the government sought parliament approval for 800 bln rupees ($12.62 bln) extra spending to recapitalise state banks
India's Allahabad Bank said the Reserve Bank of India (RBI) has initiated 'prompt corrective action' (PCA) against the state-run lender over its high bad loans.
MUMBAI State-run Bank of India, the country's sixth biggest lender by assets, said on Saturday it received 22.57 billion rupees ($353.6 million) from the government, joining other lenders in which the government is injecting funds to shore up their capital base.
MUMBAI, Dec 30 State-run Bank of India, the country's sixth biggest lender by assets, said on Saturday it received 22.57 billion rupees ($353.6 million) from the government, joining other lenders in which the government is injecting funds to shore up their capital base.
- Note: Reuters has not verified this story and does not vouch for its accuracy
United Bank of India on Wednesday said the Reserve Bank of India (RBI) has prescribed additional actions under its 'prompt corrective action' (PCA) measures against the lender over its high level of bad loans, low leverage ratio and capital needs.