The Reserve Bank on Wednesday announced to hike the benchmark repo rate -- the short term lending rate it charges to banks -- by 0.40 per cent to 4.40 per cent with immediate effect.
The bank aims to fuel its regular business growth, apart from deploying capital for improving the technical platform, co-lending digital operations, tie-ups with fintech companies, and synchronization of tech platform with overseas and domestic operations.
RBI has imposed penalty aggregating to Rs 6 crore on Bank of India and Punjab National Bank for contravention of norms.
Bank of India has received its shareholders approval to raise up to Rs 8,000 crore through several modes including equity shares.
Bank of India Recruitment 2020: The Bank of India (BOI) has invited applications for Credit Officer and other posts. Interested candidates should read on to know about the last date to apply, eligibility criteria, selection criteria and the salary offered.
Bank of India on Thursday reported a standalone net loss of Rs 3,571.41 crore for the quarter ended March 31, 2020 due to higher provisions for bad loans. The bank clocked a profit of Rs 251.79 crore in January-March 2018-19.
The CBI has booked BJP leader Mohit Kamboj and four others for alleged criminal conspiracy, cheating and forgery pertaining to a loan of Rs 67 crore from Bank of India, a charge denied by the political leader.
People in Bengal's Burdwan are lining up outside ATMs after money ranging from Rs 3,000 - Rs 35,000 is transfered in their accounts from a 'mystery' source.
Bank Strike: All government banks including SBI (State Bank of India) have decided to go on two-day strike, starting from today. Services at branches, particularly in PSUs, could be affected as several bank employees' unions have called for a two-day bank strike.
The government on Monday appointed heads of three large public sector banks - Bank of Baroda, Bank of India and Canara bank for a period of three years. Sanjiv Chadha has been appointed as Managing Director (MD) and Chief Executive Officer (CEO) of Bank of Baroda (BoB) by Appointments Committee of the Cabinet (ACC).
State-run Bank of India on Monday revised its one-year MCLR-based lending rates by up to 20 basis points across various tenors, effective Tuesday. The move comes hours after the larger peer State Bank of India announced 10 bps reduction to 9.90 percent in its one-year MCLR or marginal cost-based lending rates-based loan pricing.
State-owned Bank of India and Indian Overseas Bank have reported divergences in their bad loans for the fiscal ended March 2019, resulting into the widening of net losses for the year. Chennai-headquartered Indian Overseas Bank has reported a net non-performing asset (NPA) divergence of Rs 358 crore for 2018-19, due to which the divergence in provisioning came in at Rs 2,208 crore, according to a regulatory filing by the bank.
The Banks Board Bureau (BBB) has recommended names of Sanjiv Chadha, L V Prabhakar and Atanu Kumar Das for the post of managing director and chief executive officer (MD & CEO) of three state-owned lenders -- Bank of Baroda, Canara Bank and Bank of India
During the quarter ended September 30, 2019, Bank has redeemed Tier II Bonds aggregating to Rs 1,000 crore by exercising call option.
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.
Earlier, in August a video of cloning mechanism installed in Delhi's Canara Bank ATM had widely gone viral on social media. After which several banks including, SBI, HDFC, ICICI and many others had warned its customer of the fraudster.
The Bank Of India has invited online applications for recruitment of Officers (Credit) in General Banking Stream. The interested and eligible candidates can apply online through the official Bank of India website.
New Delhi: The Appointments Committee of the Cabinet has approved appointment of executive directors to nine public sector banks filling up vacancies which had not been filled since a long time.Ravi Shankar Pandey, GM, Union
Mumbai: Six leading banks of the country are hit by a Rs. 15,000 crore foreign remittance scam. This involves some importers having deposited fake bills of entries (of imports) in banks and remittance for the
New Delhi: The Centre today appointed the managing director and CEO of four public sector banks, while separating the post of Chairman from the post of MD and CEO.R. Koteeswaran, executive director of Bank of
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