Bank of India Share Price (BANKINDIA)

Bank of India's QIP Oversubscribed by 4.11 Times - 08 Dec, 2023

Bank of India's qualified institutional placement (QIP) was oversubscribed by 4.11 times, raising Rs.4,500 crore. The board will decide the issue price, while shares surged 3-6% post-BJP election win.

Bank of India Shares Reach New High - 07 Dec, 2023

Bank of India's stock reaches a new 52-week high of Rs 118.2 per share, with a return of almost 29% for the year.

Bank of India Launches QIP to Raise Capital - 06 Dec, 2023

Bank of India has launched a qualified institutional placement (QIP) at a floor price of ₹105.42 per share to raise up to ₹4,500 crore.

Bank of India Launches QIP to Raise Funds - 05 Dec, 2023

Bank of India plans to raise Rs 4,500 crore through a qualified institutional placement (QIP) and has launched the QIP with a floor price of Rs 105.42 per equity share.

Bank of India Plans QIP; Reports Jump in Net Profit - 04 Dec, 2023

Bank of India is set to launch a qualified institutional placement (QIP) worth ₹3,500-4,000 crore and may offer shares at a discount to SEBI floor price. The bank's net profit jumped by 52% to ₹1,458 crore in the September quarter.

Bank of India Raises Funds Through Bonds; RBI Signs Agreement With BoE - 01 Dec, 2023

Bank of India raises Rs 2,000 crore through tier II bonds, while banks collectively raised Rs 24,976 crore through AT1 and tier II bonds. RBI signs agreement with BoE for exchange of information on bond trades.

Bank of India Expects Moderation in CRAR - 30 Nov, 2023

Bank of India's MD & CEO Rajneesh Karnatak has stated that the bank is expecting a 40 basis points moderation in its capital to risk weighted assets ratio (CRAR) due to RBI's circular on rise in risk weights across personal loans, credit cards and bank loan to NBFCs.

Bank of India's Robust Loan Pipeline to Boost Credit Expansion - 27 Nov, 2023

Bank of India's loan pipeline of Rs 70,000 crore is expected to aid in achieving a credit growth rate of 11-12% in the current financial year. The bank anticipates robust recovery from bad loans and will explore various options to boost recovery.

RBI Tightens Consumer Credit Norms; Fintech Lenders May Face Brunt - 25 Nov, 2023

The Reserve Bank of India has tightened norms for consumer credit, while also allowing gifts and loans from specified relatives to be deposited in NRO accounts.

Bank of India Employees to Go on Strike - 24 Nov, 2023

Employees of Bank of India will go on strike on 5 December, along with employees of Bank of Baroda. The strikes are part of a nationwide protest by bank employees against proposed banking reforms.

RBI Increases Cost of Funds for Banks and NBFCs - 22 Nov, 2023

The Reserve Bank of India (RBI) has increased the risk weight of unsecured loans to consumers, impacting banks and non-bank financial companies (NBFCs). This will increase interest rates for loans or reduce availability of easy credit.

RBI Raises Risk Weights on Unsecured Retail Loans and Credit Cards - 20 Nov, 2023

The Reserve Bank of India (RBI) has increased risk weights on unsecured retail loans and credit cards by 25 percentage points for banks and non-bank finance companies. The regulator has also raised risk weights on banks' exposure to NBFCs by 25 percentage points on a selective basis.

Bank of India Among Lenders to Vadraj Cement - 17 Nov, 2023

According to Economic Times, Bank of India is among the lenders that granted loans to Vadraj Cement, which will be sold under the Insolvency and Bankruptcy Code process.

Bank of India Employees to Strike; RBI Increases Risk Weights for Banks - 16 Nov, 2023

Bank of India employees will join a nationwide bank strike on 5 December. RBI has increased risk weights on bank exposure to consumer credit, credit card receivables, and NBFCs.

Bank of India Stock Price Up 163% in Three Years - 15 Nov, 2023

Bank of India Limited's share price has increased by 163% over the last three years and is up 20% in the past quarter. The company has become profitable within the same period, with strong growth in earnings per share.

Bank of India Reports Strong Q2 Results; Government Plans Stake Sale - 14 Nov, 2023

Bank of India's Q2FY24 net profit rises by 52% YoY while the government plans to disinvest a 5-10% stake in public sector banks.

Bank of India Initiates CIRP Against Future Retail - 11 Nov, 2023

Bank of India has initiated the Corporate Insolvency Resolution Process (CIRP) against Future Retail following loan defaults last year. The bank sought representation/submissions from the company and its promoters on a forensic audit report submitted by BDO India LLP.

PSU Banks Rally 100-200% Since Last Diwali - 10 Nov, 2023

Bank of India is among the PSU banks that have rallied 100-200% since last Diwali.