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Bank of India to sell 25.05% stake in life insurance JV Star Union Dai-ichi for Rs 1,106 cr
Business

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

Bank of India registers net loss of Rs 1,156 cr in Q2 on higher provisions for bad loans
Business

Bank of India registers net loss of Rs 1,156 cr in Q2 on higher provisions for bad loans

Total income of the bank fell to Rs 10,800.24 crore during the quarter ending September from Rs 11,600.47 crore in the same period of 2017-18, according to a regulatory filing by Bank of India

Two days after RBI hikes repo rate, Bank of India raises lending MCLR by 10 bps across various tenors
Business

Two days after RBI hikes repo rate, Bank of India raises lending MCLR by 10 bps across various tenors

Following peers, state-owned Bank of India has hiked lending rates based on MCLR by 0.10 percent for various tenors.

Bank of India defers Rs 3,000 cr QIP, govt to infuse Rs 2,257 cr capital support to bank
Business

Bank of India defers Rs 3,000 cr QIP, govt to infuse Rs 2,257 cr capital support to bank

There is now no need for QIP this fiscal as more capital would also flow-in through recap bonds,

Bank of India likely to shut 700 ATMs after RBI's prompt corrective action forces cost cutting
Business

Bank of India likely to shut 700 ATMs after RBI's prompt corrective action forces cost cutting

Bank of India has already brought down number of ATMs in country from 7,807 in December last year to 7,717 in April

Punjab National Bank's numbers signal persisting pain on public sector banks
Business

Punjab National Bank's numbers signal persisting pain on public sector banks

Until this point, the script for state-run banks is not that different from what was seen in the recent quarters

Security Should Be Aligned To Biz Objectives
Biztech

Security Should Be Aligned To Biz Objectives

Aligning security to business objectives results in a flexible and sustainable security framework that will be able to incorporate dynamic business, requirements explains Sameer Ratolikar, CISO, Bank Of India.

Sell day: Go short on Ambuja Cements, ONGC and BOI
Investing

Sell day: Go short on Ambuja Cements, ONGC and BOI

Our picks for today are: ONGC, Ambuja Cements and Bank Of India.

Sell Day: ONGC, BOI and HDFC Bank
Investing

Sell Day: ONGC, BOI and HDFC Bank

Our picks for today are ONGC, Bank of India and HDFC Bank.

IT To Enable Government Access To Airline Passenger Information
Biztech

IT To Enable Government Access To Airline Passenger Information

SITA will provide technology to airline companies to register passenger information of every flight and transfer the same to the Bureau of Immigration.