NEW DELHI: Bank of India (BoI) has said its shareholders had approved capital infusion of over Rs 1,000 crore from the government by way of preferential issue of shares. This decision was taken during the extraordinary general meeting of the bank held on Thursday.
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 […]
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 […]
MUMBAI: State-run Bank of India on Thursday said it has increased its marginal cost of funds based lending rate (MCLR) by 0.05 per cent for overnight and one month tenure, effective October 10. The new overnight rate stands at 8.05 per cent, while the one month rate has been revised to 8.15 per cent, the […]
NEW DELHI: State-run Bank of India is looking to raise nearly Rs 1,000 crore through selling stake in some of its non-core assets and real estate properties. The bank expects to raise around Rs 800 crore through sale of its stake in non-banking finance company – STCI Finance – and in Sidbi, by the third […]