Bank of India News and Updates

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Bank of India

21 Sep 2022

110.29

0.02%

RBI Lifts Prompt Corrective Action Restrictions On Central Bank Of India

NDTV Profit

The Reserve Bank of India has removed the Central Bank of India from the Prompt Corrective Action (PCA) framework after it found the bank was not in breach of any parameters.

Number of FII/FPI investors decreased from 286 to 273 in Jun 2025 qtr

Bank of India

19 Sep 2022

110.29

0.02%

Singapore Central Bank, India's IFSCA To Pursue Fintech Innovations

NDTV Profit

The Monetary Authority of Singapore (MAS) and the International Financial Services Centres Authority (IFSCA) signed a FinTech Co-operation Agreement to facilitate regulatory collaboration...

Bank of India has an average target of 134.50 from 2 brokers.

Bank of India

15 Sep 2022

110.29

0.02%

State Bank of India ready to open rupee trade account with Russian banks

Business Standard

A vostro account is opened by a domestic bank with a foreign correspondent bank to act as an agent for the domestic bank

Bank of India has an average target of 134.50 from 2 brokers.

Bank of India

12 Sep 2022

110.29

0.02%

S&P affirms State Bank of India's 'BBB-' rating on improving asset quality

Business Standard

The rating agency also affirmed the short-term issuer credit rating 'A-3' and maintained stable outlook for the rating

Bank of India has an average target of 134.50 from 2 brokers.

Bank of India

11 Sep 2022

110.29

0.02%

India's merchandise exports to rise over 11% to $114 bn in July-September

Business Standard

India's merchandise exports are expected to grow by 11.4 per cent to hit USD 114.4 billion during the July-September quarter of the current financial year, data from Exim Bank showed. However, the rise in exports during the second quarter of FY23 could be shadowed by softening global commodity prices. Among others, possible slowdown in major trade partners, inflationary pressures and tight monetary policies around the world could also offset the exports gain, Export-Import Bank of India (Exim Bank) said in its quarterly data. Exim Bank releases the forecast during the first weeks of June, September, December and March for the corresponding quarters. The policy banker for the government has an in-house model to generate an Export Leading Index (ELI) for the country to track and forecast the movement in India's exports on a quarterly basis. ELI gauges the outlook for country's exports. It is essentially developed as a leading indicator to forecast growth in total merchandise and othe

Bank of India is trading above its 200 day SMA of 110.0

Bank of India

09 Sep 2022

110.29

0.02%

BoI net profit down at Rs 2,221cr for FY22 on divergence in provisioning

Business Standard

State-owned Bank of India (BoI) on Friday reported divergence in its asset classification for FY22, resulting in lowering of net profit for the year to Rs 2,221 crore. The lender had reported a net profit of Rs 3,404.70 crore for 2021-22. According to a regulatory filing, there was divergence of Rs 105 crore in bank's gross non-performing assets (NPAs) with the bank reporting it to be at Rs 45,605.40 crore. However, as per Reserve Bank of India (RBI) assessment, it came at a higher value of Rs 45,710.40 crore. On the flip side, in case of the net NPAs the bad loans fell by Rs 87 crore as the RBI assessed it at a lower Rs 9,764.93 crore as against Rs 9,851.93 crore reported by the bank. The divergence in provisioning came in at Rs 1,819 crore. Bank of India said the adjusted net profit of the bank before considering the impact of tax on divergence in provisioning for FY22 was at Rs 1,585.70 crore. However, the net profit was further boosted to Rs 2,221.33 crore for the year ended

Number of FII/FPI investors decreased from 286 to 273 in Jun 2025 qtr

Bank of India

02 Sep 2022

110.29

0.02%

DBS Bank India to scale up retail and SME loan book

Business Line

DBS Bank looks ing to generate 60% per cent of revenue from consumer banking and SMEs, says top official

Bank of India is trading above its 200 day SMA of 110.0

Bank of India

30 Aug 2022

110.29

0.02%

Bank of India moves NCLT against Future Lifestyle Fashions, files insolvency plea

Moneycontrol

A copy of the petition filed before the NCLT, under Section 7 of the Insolvency and Bankruptcy Code, has been served by the advocate on behalf of Bank of India, FLFL said in a regulatory filing on Monday.

Bank of India is trading above its 200 day SMA of 110.0

Bank of India

25 Aug 2022

110.29

0.02%

RBL, IDBI Bank surge up to 10%; Karur Vysya, Federal Bank hit 52-week highs

Business Standard

Union Bank of India, Bank of India, Canara Bank, Punjab National Bank, Indian Overseas Bank, Uco Bank, Central Bank of India, and Bank of Baroda from the PSUpack were up 2-5%

Number of FII/FPI investors decreased from 286 to 273 in Jun 2025 qtr

Bank of India

24 Aug 2022

110.29

0.02%

Central Bank of India embarks on digital transformation

Business Line

The banks's digital banking model will be enabled by comprehensive App, mobile banking, internet banking, tab banking, and Business Correspondent Points

Bank of India is trading above its 200 day SMA of 110.0

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