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Latest news about Bank of India

Bank of India Elevates IT Chief to Senior Leadership Role 8 days ago

Bank of India has promoted Satyendra Singh from General Manager of Information Technology and CTO to Chief General Manager, effective November 25, 2025. This move elevates a key technology executive to a broader management role, potentially signaling the bank's increased focus on technological advancement and digital transformation in its operations and strategy.

Bank of India Appoints Pramod Kumar Dwibedi as Executive Director 8 days ago

ICRA Assigns AA+ (Stable) Rating to Bank of India's Basel III Tier II Bonds Nov 20, 2025

Bank of India Secures [ICRA]AA+ Rating for Rs 2,500 Crore Basel III Tier II Bonds Nov 18, 2025

CARE Ratings Reaffirms 'A+' Rating for Bank of India's Basel-III Bonds Nov 13, 2025

More news about Bank of India

12Nov 25

Bank of India Fined Rs 1.35 Lakh by RBI for Currency Chest Irregularities

The Reserve Bank of India (RBI) has imposed a penalty of Rs 1,35,750 on Bank of India (BoI) for irregularities observed at its Bhilai Currency Chest. The discrepancies were discovered during an RBI inspection. BoI has implemented preventive measures to avoid future occurrences and stated that the penalty has no material impact on its financial operations. The incident emphasizes the importance of maintaining strict compliance with RBI regulations in currency chest operations.

08Nov 25

Bank of India Shareholders Approve Executive Director Term Extensions at EGM

Bank of India held an Extraordinary General Meeting on November 7, 2025, via video conferencing. The meeting approved term extensions for two Executive Directors: P.R. Rajagopal's term was extended until July 31, 2027, and Subrat Kumar received a three-year extension. Both resolutions passed with 99.73% votes in favor. Additionally, Prabodh Parikh was elected as Shareholder Director for a three-year term starting November 29, 2025. The EGM, chaired by M R Kumar, saw participation from 35 shareholders and six directors, with e-voting facilities provided through NSDL.

29Oct 25

Government Mulls Merger of Union Bank and Bank of India

The Indian government is reportedly considering a merger between Union Bank of India and Bank of India. If implemented, this consolidation would create the second-largest bank in India, significantly impacting the public banking sector. The merger aligns with the government's efforts to strengthen public banks through strategic consolidations. While potentially enhancing scale and market position, the merger could also present operational challenges and affect customer services. However, no official announcement has been made yet.

27Oct 25

Bank of India Reports 8% Net Profit Growth in Q2 FY26, Improves Asset Quality

Bank of India (BOI) announced strong Q2 FY26 results with net profit rising 8% year-on-year to Rs. 2,555.00 crore. Global business grew by 11.83% to Rs. 15,62,000.00 crore, while global advances increased by 14.03% to Rs. 7,09,000.00 crore. The bank significantly improved its asset quality, with gross NPA ratio declining to 2.54% and net NPA ratio improving to 0.85%. Credit costs decreased to 0.28% from 0.97% in the previous year. BOI launched new initiatives including the BOI TradeEasy platform for MSME supply chain finance and waived minimum balance charges on savings accounts. Management provided guidance for FY26, targeting 12-13% global advances growth and 10-11% deposit growth.

27Oct 25

Bank of India Appoints Prabodh Parikh as Shareholder Director in Unopposed Election

Bank of India has announced the appointment of Shri Prabodh Parikh as Director representing shareholders through an unopposed election process. Parikh, 62, brings 37 years of banking experience, including his role as Deputy Managing Director at State Bank of India. His appointment is effective from November 29, 2025, for a three-year term. The Nomination and Remuneration Committee found Parikh 'Fit and Proper' for the role. Due to his unopposed election, the related agenda will not be discussed at the upcoming Extraordinary General Meeting on November 7, 2025.

17Oct 25

Bank of India Reports 7.62% YoY Increase in Q2 FY26 Net Profit, Asset Quality Improves

Bank of India announced Q2 FY26 results with net profit up 7.62% YoY to ₹2,555.00 crore. Total income rose 3.79% to ₹20,626.00 crore. Asset quality improved with GNPA ratio at 2.54% and NNPA at 0.65%. Global advances grew 14.03% to ₹7,09,145.00 crore, while deposits increased 10.08% to ₹8,53,301.00 crore. The bank's Capital Adequacy Ratio stood at 16.69%, and digital banking transactions reached 96% of total transactions.

17Oct 25

Bank of India Reports 7.8% Growth in Quarterly Net Profit to 25.55 Billion Rupees

Bank of India's net profit rose to ₹25.55 billion, a 7.8% increase from the previous year. Revenue grew by 6.1% to ₹184 billion. The bank's asset quality improved with gross NPA ratio decreasing to 2.54% from 2.92% and net NPA ratio declining to 0.65% from 0.75% quarter-over-quarter. These improvements in profitability and asset quality indicate effective management of the bank's loan portfolio and overall operations.

06Oct 25

Bank of India Reports Robust Growth Across Key Business Segments in Q2 FY26

Bank of India's Q2 FY26 provisional results show significant growth across key business segments. Global business reached ₹15.62 lakh crore, up 11.80% year-over-year. Global deposits increased by 10.08% to ₹8,53,301 crore, with domestic deposits up 8.53%. Retail term deposits grew by 14.15%. Global gross advances rose 13.94% to ₹7,08,587 crore, while domestic gross advances increased by 14.62%. The bank demonstrated balanced growth in both deposits and lending, indicating a positive trajectory in its operations.

19Sept 25

Bank of India Executives Engage with Investors in Morgan Stanley Virtual Meeting

Bank of India participated in a virtual investor meeting as part of Morgan Stanley's India Financials Virtual Investor Group Trip. The hour-long event, held from 3:30 PM to 4:30 PM, attracted various asset management firms and investors, including Balyasny Asset Management, Tara Capital Partners, and SBI Pension Funds. BoI used publicly available documents for discussions, adhering to disclosure regulations. The meeting was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

17Sept 25

Bank of India Extends Terms for Executive Directors Subrat Kumar and P R Rajagopal

The Central Government has extended the tenures of two Executive Directors at Bank of India. Shri Subrat Kumar's term has been extended for three years beyond November 20, 2025, while P R Rajagopal's term has been extended until July 31, 2027 or his superannuation date. These extensions were made under The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, signifying continuity in the bank's leadership.

11Sept 25

RBI Secures Prime Mumbai Real Estate: Acquires Metro's Nariman Point Plot for ₹3,472 Crore

The Reserve Bank of India (RBI) has secured a 4.16-acre plot in Mumbai's Nariman Point area from Mumbai Metro Rail Corporation (MMRC) through a 90-year lease for ₹3,471.82 crore. The deal, registered on September 5, involved a stamp duty payment of ₹2,083.00 crore. The plot offers 1.6 million sq ft of buildable area for institutional development, allowing RBI to strengthen its presence in Mumbai. MMRC plans to use the proceeds to repay debt to Japan International Cooperation Agency, which funded 57.09% of the ₹37,276.00 crore Colaba-Bandra-SEEPZ metro line construction cost.

06Sept 25

Bank of India Welcomes New Government Nominee Director

Bank of India has appointed Shri Manoj Muttathil Ayyappan as the new Government Nominee Director, replacing Shri Bhushan Kumar Sinha. Ayyappan, aged 49, is currently Joint Secretary in the Department of Financial Services, Ministry of Finance. He brings over 25 years of experience in banking and financial services, with expertise in SME lending, financial analysis, trade finance, risk management, and credit operations. Ayyappan holds an MBA and B.Sc. from Mahatma Gandhi University, Kerala, and has worked with various financial institutions including Karur Vysya Bank, Utkarsh Small Finance Bank, and Axis Bank.

29Aug 25

DBS Bank India's Net Profit Soars 81% to Rs 684 Crore in FY25

DBS Bank India's net profit increased by 81% to Rs 684.00 crore in FY25. Interest income rose by 19% to Rs 9,295.00 crore, while other income grew by 32% to Rs 2,037.00 crore. Total assets expanded by 8% to Rs 1,40,000.00 crore, with the loan book growing 3% to Rs 55,360.00 crore. Gross NPAs improved to 2.78% from 3.33%, and the capital adequacy ratio strengthened to 16.81% from 15.75%. The bank operates close to 500 branches across India.

14Aug 25

SBI Revises IMPS Charges: Online Transfers Above Rs 25,000 to Incur Fees

State Bank of India (SBI) has announced a revision in its Immediate Payment Service (IMPS) charges, effective August 15. The new structure applies to online IMPS transfers exceeding Rs 25,000, with fees ranging from Rs 2.00 to Rs 10.00 plus GST. Transfers between Rs 25,000 and Rs 1 lakh will incur a Rs 2.00 charge, Rs 1 lakh to Rs 2 lakh a Rs 6.00 charge, and Rs 2 lakh to Rs 5 lakh a Rs 10.00 charge. Branch-based IMPS transfers remain free. Salary package account holders, certain current account types, and government departments are exempt from these charges. The implementation for corporate customers is deferred to September 8, 2025.

12Aug 25

Bank of India Engages Investors at Emkay Global's Confluence

Bank of India participated in 'Emkay Global's Confluence,' an investor meeting organized by Emkay Global Financial Services Ltd. The bank's top management held two sessions with diverse investors and analysts, including representatives from major mutual funds, pension funds, and investment firms. The discussions adhered to publicly available information, ensuring transparency and compliance with LODR regulations. The event showcased BoI's commitment to stakeholder engagement and open communication.

04Aug 25

Bank of India Reports 32% Jump in Net Profit to Rs 2,252 Crore in Q1 FY26

Bank of India (BOI) reported strong Q1 FY26 results with net profit rising 32% to Rs 2,252.00 crore. Global business expanded by 10.37% to Rs 15,06,000.00 crore, while global advances grew 12.02%. Asset quality improved significantly, with gross NPA ratio declining to 2.92%. The bank's focus on retail, agriculture, and MSME sectors contributed to growth, with RAM advances increasing by 16.69%. Capital Adequacy Ratio improved to 17.39%. Management provided guidance of 12-13% global advances growth and 10-11% deposit growth for FY26, with expected credit cost around 0.70%.

29Jul 25

Bank of India Reports 32% Jump in Q1 Net Profit, Asset Quality Improves

Bank of India (BOI) reported a 32.27% year-on-year increase in net profit to ₹2,252.00 crore for Q1 FY2024. Operating profit rose by 9.03% to ₹4,009.00 crore. Global business crossed ₹15 lakh crore, growing 10.37% YoY. Asset quality improved significantly with GNPA ratio decreasing to 2.92% from 4.62% a year ago, and NNPA ratio improving to 0.75% from 0.99%. The bank saw strong growth in retail, MSME, and agriculture advances. ROA improved to 0.82%, while the capital adequacy ratio stood at 17.39% under Basel III norms. BOI's digital initiatives have onboarded over 1 crore customers through its mobile banking app.

29Jul 25

Bank of India Reports 32% Jump in Net Profit to ₹2,252 Crore in Q1

Bank of India's Q1 performance shows significant growth with net profit rising 32% year-on-year to ₹2,252.00 crore. Total income increased to ₹20,518.00 crore. Asset quality improved markedly with gross NPA ratio declining to 2.92% from 4.62% and net NPA ratio improving to 0.75% from 0.99%. The bank's capital adequacy ratio stands strong at 17.39%, with CET1 ratio at 14.52%. Operating profit grew to ₹4,009.00 crore, and return on assets improved to 0.82%.

23Jul 25

Bank of India Schedules Analyst Meet to Discuss Q1 FY26 Financial Results

Bank of India (BoI) has scheduled an analyst meet for July 29, 2025, at 6:30 PM to discuss its unaudited financial results for Q1 FY'26. The hybrid meeting will be held at Trident Hotel, Mumbai, with virtual participation available via Webex. Top management, including MD & CEO Shri Rajneesh Karnatak and Executive Directors, will be present. The event aims to provide insights into the bank's Q1 performance ending June 30, 2025. Virtual participants can join using the provided Webex details, with both video and phone options available.

23Jul 25

Bank of India Announces Analyst Meet to Discuss Q1 FY26 Financial Results

Bank of India has scheduled an analyst meet for July 29, 2025, at 6:30 PM to discuss its Q1 FY'26 unaudited financial results. The event will be held in a hybrid format at Trident Hotel, Mumbai, with virtual participation via Webex. Top management, including MD & CEO Shri Rajneesh Karnatak and Executive Directors, will lead the discussions. The meet offers both physical and virtual attendance options, with dial-in details provided for remote participants.

09Jul 25

Bank of India Slashes Interest Rates and Eliminates Minimum Balance Charges

Bank of India (BOI) has introduced customer-friendly measures effective July 7, 2025. These include interest rate reductions on green deposits, savings accounts, home loans, and education loans. BOI has also eliminated minimum balance charges for all savings accounts. These changes aim to enhance customer value, support credit growth, and improve financial inclusion.

07Jul 25

Bank of India Slashes Savings Deposit Rate to 2.5%, Adjusts Green Deposit Rates

Bank of India (BOI) has reduced interest rates on savings deposits by 25 basis points to 2.50%. The bank also lowered rates on 999-day green deposits from 7.00% to 6.70%. This move aligns with a broader trend in the banking sector, as other major banks like HDFC Bank have also implemented similar rate cuts. The changes will impact returns for BOI's savings account holders and green deposit investors.

07Jul 25

Bank of India Reports Robust Growth in Deposits and Advances

Bank of India has announced significant growth in its key financial metrics as of June 30. The bank's global deposits increased by 9.07% year-over-year, while global gross advances surged by 11.95%. This simultaneous growth in deposits and advances indicates the bank's strong position in the sector, improved customer trust, and active participation in credit expansion.

04Jul 25

Bank of India Reports Double-Digit Growth in Gross Advances

Bank of India announced impressive growth in its provisional financial figures for the quarter ended June 30. The bank's gross advances increased by 11.95% year-over-year, while global deposits grew by 9.07%. This balanced growth in both lending and deposits indicates robust expansion in core banking operations and suggests a positive momentum for the public sector bank.

04Jul 25

Bank of India Reports Robust Growth in Q1 FY24: Domestic Advances Surge 11% to Rs 5.64 Lakh Crore

Bank of India has shown significant growth in Q1 FY24. Domestic deposits increased by 9.6% to Rs 7.1 lakh crore, while domestic advances grew by 11% to Rs 5.64 lakh crore. The bank's global business expanded by 10%, reaching Rs 15 lakh crore. These figures indicate robust performance in both domestic and international operations, suggesting increased lending activities and potentially reflecting improved economic conditions.

30Jun 25

Bank of India Slashes MCLR by 5 bps Across Tenors, Effective July 1, 2025

Bank of India announces a 5 basis points reduction in its Marginal Cost of Funds-based Lending Rate (MCLR) across all tenors, effective July 1, 2025. The benchmark 1-year MCLR is revised to 9.00% from 9.05%. For retail loans, a fixed rate spread of 1.50% will be applied, benchmarked to the 3-year MCLR, now at 10.65%. The repo-based lending rate remains unchanged. This adjustment may lead to slightly lower interest rates for MCLR-linked loan borrowers.

26Jun 25

Bank of India Approves ₹20,000 Crore Infrastructure Bond Issuance for FY 2025-26

Bank of India's board has approved the issuance of long-term infrastructure bonds worth ₹20,000 crore (₹200 billion) for the fiscal year 2025-26. This move aims to support infrastructure development in India and strengthen the bank's balance sheet. The announcement follows the bank's strong Q4 performance, with an 82.5% year-on-year increase in net profit to ₹2,626.00 crore and improved asset quality.

20Jun 25

Bank of India to Consider Infrastructure Bond Issuance for Fund Raising

Bank of India's board will meet on June 26, 2025, to consider raising funds through long-term infrastructure bonds. The bank recently raised ₹2,690.00 crore through a 10-year infrastructure bond in FY 2024-25 and plans to raise up to ₹5,000.00 crore in FY25-26 through Basel-III compliant bonds. This move could enhance the bank's funding capacity for infrastructure projects and improve asset-liability management.

20Jun 25

RBI MPC Member Hints at Possible Monetary Policy Shift, Potential Impact on Steel Sector

A member of the Reserve Bank of India's Monetary Policy Committee has suggested that the current favorable inflation outlook may create room for potential changes in monetary policy. This could have implications for various sectors, including the steel industry, potentially affecting interest rates, borrowing costs, and overall economic activity. The actual impact will depend on the specific nature and extent of any policy changes implemented by the RBI.

19Jun 25

Bank of India Announces Rs 4.05 Per Share Dividend; Last Day to Buy Shares Today

Bank of India (BOI) has declared a dividend of Rs 4.05 per share for FY2025. June 19 is the last day for shareholders to purchase shares and qualify for the dividend. The record date is set for June 20, and the Annual General Meeting (AGM) will be held on June 27. BOI recently reported an 82% increase in net profit for the previous fiscal year's fourth quarter.

06Jun 25

Bank of India Slashes Repo-Based Lending Rate Following RBI's Policy Shift

Bank of India has reduced its repo-based lending rate (RBLR) by 50 basis points to 8.35%. This follows the Reserve Bank of India's decision to lower the repo rate to 5.50% and decrease the Cash Reserve Ratio to 3.00%. The RBI's policy stance has been changed to 'neutral'. These changes are expected to release Rs 2.50 lakh crore into the financial system, potentially benefiting borrowers and boosting lending activities.

17May 25

RBI to Issue New ₹20 Note: Potential Impact on HDFC Bank and Banking Sector

The Reserve Bank of India (RBI) plans to issue a new ₹20 banknote, potentially impacting the banking sector. HDFC Bank may need to adjust ATMs, update cash management systems, and educate customers. The broader banking industry could face operational changes, including staff training and infrastructure updates. This move may also indirectly support the government's digital payment initiatives.

14May 25

Bank of India Reports Strong Q4 FY25 Results as LIC Boosts Stake

Bank of India posted a remarkable 82.49% year-on-year increase in profit after tax for Q4 FY25, reaching Rs 2,625.90 crore. Revenue grew by 21.42% to Rs 21,750.80 crore, while operating profit rose 21.31% to Rs 12,380.10 crore. The bank declared a final dividend of Rs 4.05 per share. Life Insurance Corporation of India (LIC) increased its stake in the bank from 6.35% to 8.38% over a period from September 2021 to May 2025, signaling confidence in the bank's prospects.

12May 25

Bank of India Reports Robust Q4 FY23 Results with 82.5% Surge in Net Profit

Bank of India (BOI) announced strong Q4 FY23 results with net profit rising 82.5% YoY to ₹2,626.00 crore. Revenue increased 21.4% to ₹21,751.00 crore. Asset quality improved with GNPA ratio decreasing to 3.27%. The bank recommended a dividend of ₹4.05 per equity share. For FY23, net profit grew 88.30% to ₹6,566.60 crore, with total revenue up 45.40% to ₹67,306.50 crore.

09May 25

Bank of India Reports Strong Q4 Results: Profit Surges, Asset Quality Improves, Dividend Announced

Bank of India (BOI) has reported a substantial 82.5% year-on-year increase in net profit for Q4, reaching ₹26.26 billion. Revenue grew to ₹183.23 billion, up 13.4% YoY. The bank's asset quality improved significantly, with Gross NPA ratio decreasing to 3.27% and Net NPA slightly reducing to 0.82%. BOI has recommended a dividend of ₹4.05 per equity share for the financial year.

30Apr 25

Bank of India Unveils Rs 5,000 Crore Capital Raising Plan and Revises MCLR

Bank of India's Board has approved a capital raising plan of Rs 5,000 crore for FY 2025-26, split equally between Additional Tier-I and Tier-II bonds. The bank has also revised its Marginal Cost of Fund based Lending Rate (MCLR), reducing the overnight rate from 8.25% to 8.15%, effective May 1, 2025. Other MCLR tenures remain unchanged.

22Apr 25

Bank of India to Consider Capital Raising Through Basel III Compliant Bonds

Bank of India has scheduled a board meeting for April 30, 2025, to discuss raising capital through Basel III compliant Additional Tier 1 (AT-1) and Tier 2 bonds. The meeting aims to strengthen the bank's capital base and comply with global banking standards. The bank has informed the National Stock Exchange and BSE about the meeting, adhering to SEBI regulations.

15Apr 25

Bank of India Slashes Home Loan Rates to 7.90%, Cuts Other Retail Loan Rates by 25 bps

Bank of India has announced significant interest rate reductions across various retail loan products, effective April 15, 2025. Home loan rates have been cut to 7.90% per annum, while other retail loans, including personal and vehicle loans, see a 25 basis points reduction. The bank has also revised its fixed deposit rates. These changes are expected to make borrowing more affordable for customers and potentially stimulate demand in various sectors, including real estate.

14Apr 25

Bank of India Withdraws Special FD Scheme, Revises Interest Rates

Bank of India (BOI) announced the discontinuation of its 400-day special fixed deposit scheme offering 7.30% interest, effective April 15, 2025. The bank will also revise interest rates for deposits below ₹3.00 crore and between ₹3.00 crore to ₹10.00 crore. These changes align with the RBI's recent 25 basis point cut in the repo rate to 6.00%. The adjustments will impact returns for BOI depositors, reflecting broader trends in the banking sector's response to the dynamic interest rate environment.

09Apr 25

Bank of India Cuts Lending Rate Following RBI's Policy Move

Bank of India has reduced its Repo Based Lending Rate (RBLR) to 8.85%, effective April 9, 2025, following the Reserve Bank of India's 25 basis point cut in the repo rate to 6.00%. The RBI's Monetary Policy Committee unanimously voted for this rate cut and changed its policy stance to 'accommodative'. This reduction is expected to lower borrowing costs for Bank of India customers, particularly those with loans linked to RBLR.

03Apr 25

Bank of India Reports Strong Growth in Q4 FY2025 Deposits and Advances

Bank of India announced significant growth in its global operations for Q4 FY2025. Global deposits increased to Rs 8.20 lakh crore from Rs 7.90 lakh crore, while global gross advances rose to Rs 6.70 lakh crore from Rs 6.50 lakh crore. The bank's share price surged nearly 6% following the announcement. The bank also demonstrated efficient handling of investor complaints, resolving all issues within the quarter.

27Mar 25

Bank of India Secures ¥15 Billion Loan and Declares Rolta India NPA as Fraudulent

Bank of India's IBU GIFT City branch has executed a facility agreement to borrow 15 billion Japanese Yen (approx. USD 100 million), to be received on March 27, 2025, for on-lending and general corporate purposes. Separately, BOI has declared Rolta India Ltd.'s Non-Performing Asset of ₹616.30 crore as fraudulent, with provisions already made for the entire outstanding amount.

26Mar 25

Bank of India Declares Rolta India's ₹616.30 Crore NPA as Fraudulent

Bank of India has classified Rolta India Ltd.'s Non-Performing Asset (NPA) of ₹616.30 crore as fraudulent. The bank has already made provisions for the entire outstanding amount and reported the fraud to the Reserve Bank of India on March 26, 2025. In a separate development, Bank of India's IBU Gift City Branch has secured a JPY 15 billion (USD 100 million) borrowing facility for overseas operations.

26Mar 25

Bank of India Secures JPY 15 Billion Facility Agreement for International Expansion

Bank of India has executed a facility agreement to borrow 15 billion Japanese Yen (approximately $100 million) through its IBU GIFT City branch. The funds, expected to be received by March 27, 2025, are intended for on-lending and general corporate purposes at overseas branches. This move signifies BoI's efforts to diversify funding sources and potentially expand its international operations.

26Mar 25

Bank of India Secures $400 Million in Dollar Syndicated Loan, Marking Decade-Long Milestone

Bank of India successfully raised $400 million through a dollar syndicated loan, its first such deal in over a decade. The loan, initially targeting $300 million, was upsized due to strong demand from 22 international lenders. Structured in two equal tranches of three and five years, the loan was raised through the bank's branch in GIFT City. This fundraising effort enhances Bank of India's global presence, improves dollar liquidity, and demonstrates strong investor confidence in the bank's financial health.

25Mar 25

Bank of India Boosts Fund Raising with $100 Million Green Shoe Option

Bank of India has announced the exercise of a $100 million green shoe option, expanding its recent capital raise. The additional funds, split equally between 3-year and 5-year terms, will be used for general corporate purposes, including on-lending at overseas branches. This decision follows a $300 million syndicated loan announced earlier, with the new funds expected by March 27, 2025. The move signals strong investor demand and confidence in the bank's growth strategy.

24Mar 25

Bank of India Expands Fund Raising with $100 Million Green Shoe Option

Bank of India (BoI) has announced the exercise of a $100 million green shoe option, expanding its recent syndicated loan transaction. The additional funds will be split equally between 3-year and 5-year terms. This decision follows BoI's earlier $300 million syndicated loan, bringing the total to $400 million. The bank expects to receive the funds on March 27, 2025, and plans to use them for general corporate purposes, including on-lending at overseas branches.

11Mar 25

Fitch Affirms Bank of India's 'BBB-' Rating, Upgrades Viability Rating Amid Improved Financial Performance

Fitch Ratings has affirmed Bank of India's Long-Term Issuer Default Rating at 'BBB-' with a Stable Outlook and upgraded its Viability Rating to 'bb-' from 'b+'. This upgrade reflects BOI's improved standalone credit profile, evidenced by robust profit growth, enhanced asset quality, and improved operational efficiency. The bank's Q3 FY2024 net profit increased by 36.60% year-on-year to ₹2,638.2 crore, while operating profit rose by 24.29% to ₹13,832.1 crore. Total revenue grew by 21.65% to ₹20,097.7 crore, and the bank's capital position strengthened with total assets increasing by 11.90% to ₹912,598.0 crore.

21Feb 25

Bank of India Reports Gupta Power Infrastructure's ₹226.84 Crore NPA as Fraudulent

Bank of India has reported to the RBI that it has classified Gupta Power Infrastructure Ltd.'s NPA of ₹226.84 crore as fraudulent. The bank has already made a provision of ₹212.62 crore, covering 93.7% of the outstanding amount. This disclosure was made in a regulatory filing to stock exchanges, in compliance with SEBI regulations.

19Feb 25

Bank of India Raises ₹2,690 Crore Through Long-Term Infrastructure Bonds

Bank of India successfully raised ₹2,690 crore through the issuance of long-term infrastructure bonds on February 18, 2025. The bonds, issued on a private placement basis, carry a coupon rate of 7.50% per annum with a face value of ₹1 lakh per bond. The issue was oversubscribed, with 18 allottees participating. This capital raising initiative aims to strengthen the bank's long-term funding base and potentially increase its lending capacity for infrastructure projects.