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Bank of India Share Price (BANKINDIA)

₹114.30.53%

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Overview
Fundamentals
Q2 '23 Results
Technicals
News and Events

Overview of Bank of India

Key events for Bank of India

  • 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.

Analyst Rating for Bank of India stock

based on 6 analysts

BUY
66.67%
Buy
33.33%
Hold
0.00%
Sell

Based on 6 analysts offering long term price targets for Bank of India. An average target of ₹120.83

Source: S&P Global Market Intelligence

Bank of India share Performance

  • ₹112.4
    ₹116.1
    ₹114.3
    downward going graph

    1.66%

    Downside

    Day's Volatility:3.24%

    Upside

    1.57%

    downward going graph
  • ₹66.05
    ₹118.25
    ₹114.3
    downward going graph

    42.21%

    Downside

    52 Weeks Volatility:45.67%

    Upside

    3.46%

    downward going graph
1 Month Return9.96 %
3 Month Return15.69 %
1 Year Return20 %
Previous Close₹113.70
Open₹113.95
Volume1.80Cr
Market Cap₹46,657.55Cr

Bank of India Company Information

Bank of India is an Indian commercial bank founded in 1906 and headquartered in Mumbai. It is one of the top public sector banks in India and is a part of the State Bank Group. The bank has a network of 4,967 branches and 6,541 ATMs in India, and a presence in 19 countries. It was incorporated on 7 September 1906 and involved in a variety of financial operations including corporate banking, retail banking, treasury operations, investment banking, and merchant banking.

It offers a wide range of products and services such as savings accounts, current accounts, fixed deposits, loans, debit cards, credit cards, and insurance. Its popular brands include BOI Star, BOI Express Credit, BOI Star Gold, and BOI Star Global. The bank also offers a range of digital banking services such as mobile banking, internet banking, and UPI payment services.

Share Price: ₹114.30 per share as on 08 Dec, 2023 04:01 PM
Market Capitalisation: ₹46,657.55Cr as of today
Revenue: ₹16,779.41Cr as on September 2023 (Q3 23)
Net Profit: ₹1,498.55Cr as on September 2023 (Q3 23)
Listing date: 07 May, 1997
OrganisationBank of India
Headquarters
IndustryBanks
E-voting on sharesClick here to vote

Fundamentals of Bank of India

Insights on Bank of India

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, BANKINDIA stock has moved up by 4.7%

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, BANKINDIA has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 15.92K Cr → 16.77K Cr (in ₹), with an average increase of 5.1% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 2.25% to 2.91% in Sep 2023 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 81.41% of holdings in Sep 2023 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, State Bank of India has given 127.2% return, outperforming this stock by 12.5%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 6.44% to 6.12% in Sep 2023 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 1.56K Cr → 1.49K Cr (in ₹), with an average decrease of 4.0% per quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 1.37% to 1.23% in Sep 2023 quarter

Bank of India Valuation

Bank of India in the last 5 years

  • Overview

  • Trends

Lowest (-19.05x)

February 18, 2021

Today (8.71x)

December 8, 2023

Industry (19.16x)

December 8, 2023

Highest (26.59x)

January 2, 2020

LowHigh

Bank of India Mutual Fund Holdings

Funds Holdings
Aditya Birla Sun Life Banking & Financial Services Direct GrowthAditya Birla Sun Life Banking & Financial Services Direct Growth2.41%
Aditya Birla Sun Life PSU Equity Fund Direct GrowthAditya Birla Sun Life PSU Equity Fund Direct Growth4.54%
Aditya Birla Sun Life Pure Value Fund Direct Plan GrowthAditya Birla Sun Life Pure Value Fund Direct Plan Growth1.11%
Aditya Birla Sun Life Small Cap Fund Direct Plan GrowthAditya Birla Sun Life Small Cap Fund Direct Plan Growth0.82%
SBI PSU Direct GrowthSBI PSU Direct Growth3.49%

Bank of India Shareholding Pattern

InvestorsHoldings %Prev. 3 periods3M change
Promoter Holdings
81.41%
0.00
Foreign Institutions
2.91%
29.40
Mutual Funds
1.23%
-10.41
Retail Investors
6.12%
-5.02
Others
8.33%
-2.29

Technicals of Bank of India share

News & Events of Bank of India

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Bank of India (BANKINDIA) share price today is ₹114.3

Bank of India is listed on NSE

Bank of India is listed on BSE

  • Today’s highest price of Bank of India is ₹116.1.
  • Today’s lowest price of Bank of India is ₹112.4.

PE Ratio of Bank of India is 8.71

PE ratio = Bank of India Market price per share / Bank of India Earnings per share

Today’s traded volume of Bank of India(BANKINDIA) is 1.80Cr.

Today’s market capitalisation of Bank of India(BANKINDIA) is ₹46657.55Cr.

Bank of India(BANKINDIAPrice
52 Week High
₹118.25
52 Week Low
₹66.05

Bank of India(BANKINDIA) share price is ₹114.3. It is down -3.34% from its 52 Week High price of ₹118.25

Bank of India(BANKINDIA) share price is ₹114.3. It is up 73.05% from its 52 Week Low price of ₹66.05

Bank of India(BANKINDIAReturns
1 Day Returns
0.6%
1 Month Returns
9.96%
3 Month Returns
15.69%
1 Year Returns
20%