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Bank Of India News
RBI bars Mastercard Asia Pacific from acquiring new customers in India from 22 July
The directions will not impact existing Mastercard customers, but onboarding new credit, debit and prepaid card customers will not be allowed
Sensex sets record high, but ends in negative; Nifty too ends flat in volatile session
The gains in the early morning trade in BSE Sensex was driven by gains in index majors HDFC twins, Kotak Bank and Reliance Industries amid a positive trend in global markets
Bank of India recruitment 2020: Online application for 214 vacancies begins tomorrow; apply at bankofindia.co.in by 30 Sep
Bank of India recruitment 2020: Applicants will be selected on the basis on online test followed by group discussion and/or personal interviews
CBI books BJP's Maharashtra leader Mohit Kamboj, four others in Rs 67-cr Bank of India cheating and forgery case
The CBI carried out searches at five locations in Mumbai at the residential and official premises of the accused, including Kamboj, officials said.
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
More than Rs 1,00,000 cr is waiting to enter Narendra Modi govt’s wallet if it bites PSB privatisation bullet; timing is never better
Privatisation of government banks doesn’t mean the government will have to give away control over these institutions for the roll-out of social sector programmes
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.
Bank of India posts Rs 252 cr net profit in March quarter as bad loans decline
State-run Bank of India on Thursday reported a profit of Rs 251.79 crore for the fourth quarter ended March 2019 owing to the reduction of bad loans
Bank loan fraud: Enforcement Directorate attaches Rs 483-cr assets of Kolkata-based Tayal group of companies
Assets worth Rs 483 crore of a Kolkata-based group have been attached by the ED in connection with an alleged multi-crore bank loan fraud case, officials said on Tuesday
CBI books absconding diamantaire Jatin Mehta, Jordanian national, Winsome Diamonds in a fresh case
The CBI has registered a fresh case against absconding diamantaire Jatin Mehta, Winsome Diamonds and Jewellery and a Jordanian Hathyam Salman Ali Obaidah for allegedly cheating Bank of India to the tune of Rs 82.55 crore, officials said on Thursday
Ten public sector banks in the dock for Antrix Diamond’s over Rs 450 cr NPA case; pre-sanction appraisal of firm not carried out
The company has filed a bankruptcy application with NCLT Mumbai, which has put a moratorium on any action by creditors against Antrix Diamond Exports till corporate insolvency resolution or approval of resolution plan by the bench.
Bank of India to sell 25.05% stake in life insurance JV Star Union Dai-ichi for Rs 1,106 cr
Bank of India on Friday said it will sell 25.05 percent stake in its insurance JV Star Union Dai-ichi Life Insurance Co for at least Rs 1,106 crore