Bank of India Customer Review, Rating

Average Customer Rating
2.8/5  by 1 users
Interest Rate
  3/5
Fees & Charges
  3/5
Pre - Sales Service
  3/5
Post - Sales Service
  2/5
Customer Reviews
Reviewed on 18th Feb 15
2.8 / 5 stars
Good experience
Bank of India Home Loan Availed in Jan 2015
Had the option of taking a loan from many new banks, but chose Bank of India as my father had a banking relationship there. Charged a slightly high in More
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News - Dec 2016
07th Dec 16 Bank of India reduces its MCLR by 5 basis points
Bank of India has reduced its one month and six month marginal cost of lending rate by 5 basis points to 9.05 and 9.15 percent respectively. BoB has also reduced its one year MCLR rate to 9.25 percent from 9.30 percent earlier. Revised rates are effective from 7th December, 2016.
16th Nov 16 Bank of India net profit in second quarter increases to Rs. 127 crore, NPAs reduce
Bank of India reported an increase in its net profit to Rs. 127 crore in the July to September quarter as compared to the net loss of Rs. 741 crores in preceding three months. NPAs during the period also reduced to Rs. 388 crores from Rs. 1,995 crore in the first quarter.
16th Nov 16 Bank of India scores gains in bad loans battle
Bank of India reported a reduction in its bad loans to Rs. 388 crores in the second quarter from Rs. 1,995 crores in first quarter and Rs. 7,545 crores a year ago. Bank gave credit of the reduction to its three- pronged strategy called Star Mission One. The strategy was made to manage bad loans, augment low cost deposits and rebalance advances in favor of retail lending. Besides this, bank has activated the asset recovery branches (ARB) to recover bad loans.
08th Nov 16 Bank of India cut its MCLR by 5 basis points from 7th November, 2016
Bank of India has reduced its one year marginal cost of lending rate by 5 basis points to 9.30 percent from 9.35 earlier. The minimum six month lending rate is cut to 9.20 percent from 9.25 percent and one month rate is reduced to 9.10 percent from 9.15 percent respectively. The revised rates are effective from 7th November, 2016.
12th Aug 16 Bank of India reports Q1 loss of Rs741 crore on stressed assets
As per the results for Q1FY17, Bank of India Ltd reported a Net Loss of Rs.741.36 crore in the June quarter as compared with Net Profit of Rs.129.72 in year ago period, as the bank had to provide for higher provisions against bad loans. The provisions increased by 82.8 percent to Rs. 2,770.19 crore when compared on a yoy basis. Net Interest Income decreased by 3.79 percent to Rs. 2,802.17 crore in June quarter when compared on yearly basis. Gross NPAs were 13.38 percent at the end of the June quarter as compared with 13.07 percent in the previous quarter, a growth of 31 bps. Net NPAs were at 7.78 percent in the June quarter against 7.79 percent in the previous quarter and 4.11 percent in the same quarter last year
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