Bank Of India

Coronavirus Outbreak: Banks announce special emergency loan products, credit lines for customers

Public sector banks with about 80 percent of banking operation have taken steps to ensure the safety of its staff and uninterrupted banking services to customers.

CBI books 51 entities for transferring Rs 1,038 cr black money to Hong Kong in 2014-15

The CBI has booked 51 entities for allegedly remitting Rs 1,038 crore of black money to Hong Kong during 2014-15, officials said on Monday

Bank of India cuts one-year MCLR rates by up to 20 bps; to be effective from today

Bank of India's new one-year MCLR is fixed at 8.20 percent as against 8.30 percent

Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper

About half a dozen public sector banks, including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points following a cut in the key policy repo rate by the RBI last month

Most banks fail on policies of climate change, human rights; inaction leaves sector vulnerable to investment risks: Report

As per the Fair Finance Guide India scorecard, three out of eight Indian banks have scored high on parameters of financial inclusion and corruption.

RBI move caused lot of harm to depositors; could have managed the situation better, says suspended PMC Bank MD

The now-suspended management did not report the matter to the board that its largest customer has been an NPA from the past two-three years

Jet Airways crisis: NCLT asks grounded airline's lenders to release lifeline funds within 15 days

The RP of Jet Airways had moved NCLT on 20 September seeking directions to the lenders, who own 51 percent in the airline since March, to release interim funds.

Public sector banks' shares jump up to 10% on Rs 70,000 cr capital infusion announcement

Shares of public sector banks on Monday zoomed up to 10 percent after the government announced upfront capital infusion of Rs 70,000 crore into them

Bank of India net profit jumps two-fold to Rs 243 cr in June quarter; net NPAs down at 6%

State-owned Bank of India on Tuesday reported more than two-fold jump in its net profit to Rs 242.62 crore in the first quarter ended 30 June

FinMin assessing capital needs of PSU banks; Budget 2019-20 may make provision for Rs 30,000 cr

Five weak banks under the Prompt Corrective Action (PCA) framework of the Reserve Bank of India (RBI) too need capital to maintain minimum regulatory capital ratios as per the Basel III norms.