Bank of India News and Updates

Name: Latest research reports of Bank of India authored by Geojit BNP Paribas and published by - Trendlyne research reports.
Item: Bank of India
Rating: 3
Author: Geojit BNP Paribas

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Bank of India

21 Jul 2020

124.51

-0.30%

Bank of Maharashtra, BOI, IOB share prices rally 5-14% on reports of banking industry overhaul

Moneycontrol

The government plans to reduce the number of state-owned banks to five from 12.

Bank of India has gained 29.83% in the last 3 Months

Bank of India

13 Jul 2020

124.51

-0.30%

Rakesh Wadhwan loses insolvency appeal

Economic Times

Rakesh Wadhwan loses insolvency appealIn August last year, Bank of India (BOI) approached the Mumbai bench of the NCLT claiming that HDIL had failed to repay its dues amounting to Rs 522 crore, upon which the tribunal admitted the case under section 7 of the Insolvency and Bankruptcy Code (IBC).

Bank of India has an average target of 125.50 from 2 brokers.

Bank of India

01 Jul 2020

124.51

-0.30%

BANK OF INDIA

Hold: Bank of India

Target

Geojit BNP Paribas

The growth in Advances along with stable asset quality will remain the key in the upcoming quarters. However, market environment still remains challenging. Hence, we retain our rating HOLD rating on the stock with a revised price target of Rs. 54 based on 0.4x FY22E BVPS. Negative bottom line due to higher provisioning In Q4FY20, Bank's Interest income stood at Rs. 10,528cr (-2.6% YoY), owing to contraction of 9bps and 70bps on yields of advances and investments, respectively. Net interest income slid down by 6.2% YoY to Rs. 3,793cr with NIM tightening 3bps YoY at...

Bank of India has an average target of 125.50 from 2 brokers.

Bank of India

25 Jun 2020

124.51

-0.30%

BOI Q4 pre-tax loss at Rs 5,489.3 cr on spike in provisions, drop in NII

Business Standard

Lender had posted pre-tax profit of Rs 405.7 cr in same quarter of 2018-19; plans to raise Rs 2,000 cr capital in Q3FY21

Bank of India is trading above all available SMAs

Bank of India

25 Jun 2020

124.51

-0.30%

Bank of India posts net loss of 3,571 crore in Q4 on sharp rise in loan-loss provisions

Business Line

Bank of India (BoI) slipped into the red, reporting a net loss of 3,571 crore in the fourth quarter ended March 31, 2020, due to a sharp rise in loan

Bank of India has an average target of 125.50 from 2 brokers.

Bank of India

01 Jun 2020

124.51

-0.30%

Lockdown to hit profitability of BoI

Business Line

Our Bureau Bank of India (BoI), on Monday, said its profitability may get impacted in the first and second quarters due to the nationwide lockdown of

Bank of India has an average target of 125.50 from 2 brokers.

Bank of India

30 May 2020

124.51

-0.30%

Bank of India cuts MCLR by 25 basis points

Business Line

Bank of India (BoI) has reduced its benchmark Marginal Cost of Funds Lending Rate (MCLR) by 25 basis points (bps) across all tenors. It has also redu

Number of MF schemes increased from 24 to 30 in Mar 2025 qtr.

Bank of India

13 May 2020

124.51

-0.30%

BANK OF INDIA

Hold: Bank of India

Target

Geojit BNP Paribas

Supply-demand dynamics remain challenging and credit conditions are expected to deteriorate amid current pandemic. However, recent interest rate cuts and government stimulus should provide some respite. We continue to see banks NPAs remain at high levels given high exposure to infra, NBFC and real estate sector. We lowered our FY20-22E estimates and value the stock at 0.32x FY22E BVPS, with a revised target price of Rs. 38 and continue to rate HOLD. Corona update and impact on industry...

Number of MF schemes increased from 24 to 30 in Mar 2025 qtr.

Bank of India

07 Feb 2020

124.51

-0.30%

BANK OF INDIA

Hold: Bank of India

Recommendation Target

Geojit BNP Paribas

We expect asset quality to improve further in the upcoming quarters and upgrade our rating for the stock to HOLD with revised price target of Rs. 70 based on 0.42x FY22E BVPS. Domestic loans and deposits witness growth The bank's gross Loans and Advances grew 1.6% YoY to Rs. 378,686cr in Q3FY20, primarily driven by growth in Domestic loans (+6.7% YoY to Rs. 332,734cr). Domestic loans increased on the back of Govt. & Govt. guaranteed advances (+22.1% YoY), followed by Retail loans (+9.9% YoY). Within Retail loans, Home loan continued to...

Number of MF schemes increased from 24 to 30 in Mar 2025 qtr.

Bank of India

22 Jan 2020

124.51

-0.30%

CBI books Frost International's directors in over Rs 3,500 crore bank fraud case

Business Today

The BOI in its complaint, which is now part of the CBI FIR, said Frost International's account had started showing signs of stress from January, 2018 and later became NPA