Tag: Bank of India

Bank of India introduces repo-based interest rate for select loan products

NEW DELHI: Bank of India (BoI) on Saturday said it has decided to introduce repo-based interest rate for select loan products. Corporation Bank also announced launch of home loans linked with external benchmark. Initially, Bank of India will link housing, vehicle and personal loans to an interest rate based on Reserve Bank’s repo rate, the […]

Bank of India raises Rs 660 crore by selling shares to employees

NEW DELHI: State-owned Bank of India (BoI) Tuesday said it has raised Rs 660.80 crore by issuing shares to employees under Employee Share Purchase Scheme (ESPS). The bank issued 6,25,52,188 shares of Rs 10 each to eligible employees, BoI said in a statement. It offered a discount of 24.28 per cent on the applicable price […]

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