2017-09-18 :Bank of India announces the launch of Ghar Ghar Dastak Mahotsav
Private sector lender, Bank of India has recently announced the launch of a new initiative, Ghar Ghar Mahotsav. With this initiative, the bank aims to take its banking services to the door step of the customers for disbursement of new loans which includes SME, retail, housing and vehicle segments.
2017-09-08 :Bank of India reduces MCLR rates across all tenors
Bank of India has reduced its marginal cost based lending rate (MCLR) across all tenors. For overnight and one month maturities, the rate has been revised to 7.90 per cent and 8 per cent respectively, while for three month maturities the rate has been reduced to 8.10 per cent. However, the bank has made no changes to its 6-month MCLR which currently stands at 8.25 per cent. The new MCLR rates are effective from 10th September, 2017.
2017-08-24 : Bank of India cuts savings rate by 0.5 per cent on deposits up to Rs. 50 lakh
Public sector lender, Bank of India has announced a cut in its savings account interest rate. The rates have been reduced by 0.5 per cent to 3.50 per cent on deposits of up to Rs. 50 lakh. For deposits above Rs. 50 lakh the bank has kept interest rate unchanged at 4 per cent per annum.
2017-08-21 :Bank of India plans to cut savings bank account rate
Taking cues from State Bank of India, Bank of India (BoI) is also planning to cut its savings bank deposit rates not immediately but with an immediate effect. Meanwhile, the bank also plans to further focus on its retail, housing and MSME loans segment.
2017-08-21 :Bank of India puts bad loans worth Rs. 3,169 crore on sale
In a bid to clean up its balance sheet, Public sector lender, Bank of India (BoI) plans to sell bad loans worth Rs. 3,169 crore to the asset reconstruction companies (ARCs). Meanwhile, the lender had also appointed some special situation advisors as their financial advisor to assist with this transaction. Following the move, the bank also targets to focus on further strengthening its loan segment including home loans.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.