Bank of India has filed its mandatory compliance declaration with stock exchanges under SEBI SAST Regulations 31(4) and 31(5) for the financial year 2025-26. The declaration confirms that the bank's promoter has not created any encumbrance during the reporting period.

Regulatory Compliance Declaration

The bank submitted the compliance declaration to both the National Stock Exchange of India Ltd. and BSE Ltd. on April 1, 2026. The document was signed by Company Secretary Usha Ramsinghani from the bank's Investor Relations Cell at the Head Office.

Promoter Structure and Encumbrance Status

Bank of India's promoter is identified as the 'President of India' in the regulatory filing. The bank declared on behalf of its promoter that neither the promoter nor persons acting in concert have made any encumbrance, directly or indirectly, during the financial year 2025-26.

SEBI SAST Regulations Compliance

The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011 require companies to make specific disclosures regarding promoter activities. Regulations 31(4) and 31(5) mandate disclosure of any encumbrance created by promoters or persons acting in concert.

The declaration was filed with both stock exchanges where Bank of India shares are listed, ensuring compliance with regulatory requirements for transparency in promoter activities.

Bank of India has announced selective changes to its lending rate structure, maintaining some rates while adjusting others effective April 1, 2026. The public sector bank communicated these changes through a regulatory filing under SEBI Regulation 30, indicating a measured approach to interest rate management.

MCLR and RBLR Rates Maintained

The bank has decided to keep its Marginal Cost of Fund based Lending Rate (MCLR) and Repo Based Lending Rate (RBLR) unchanged from April 1, 2026. The current MCLR structure across different tenors provides borrowers with predictable pricing for various loan products.

Base Rate Reduction Announced

Bank of India has implemented a significant reduction in its Base Rate, lowering it from 10% to 9.50% per annum. This 50 basis points reduction will be effective from April 1, 2026, to June 30, 2026, providing temporary relief to borrowers whose loans are linked to the Base Rate structure.

Fixed Rate Spread Structure Revised

The bank has also updated its Fixed Rate Spread (FRS) framework across different tenor categories. The revised structure incorporates Customer Risk Premium (CRP) components and tenor-based pricing.

Regulatory Compliance and Implementation

The rate changes have been communicated to both the National Stock Exchange and BSE Limited as part of the bank's regulatory disclosure obligations. The notification, signed by Company Secretary Usha Ramsinghani, ensures transparency in the bank's pricing decisions and provides clear guidance to borrowers and investors regarding the effective implementation timeline.

These selective rate adjustments demonstrate Bank of India's strategic approach to balancing competitive lending rates with prudent risk management, particularly through the maintained MCLR structure while providing targeted relief through Base Rate reduction.