2017-06-02 :Bank of India launches marketing campaign Star Mahotsav
Bank of India has launched a marketing campaign, ‘Star Mahotsav’. The initiative launched by the bank is aimed at recovering bad loans by visiting at the door steps of its customers. Simultaneously, bank is also targeting to achieve strong growth in the number of disbursements in its retail segment including home loans and vehicle loans.
2017-03-28 :Bank of India sells stake in TransUnion CIBIL to TransUnion Interntional
Bank of India has announced the completion of the sale of its 5 percent stake in TransUnion CIBIL to TransUnion International. The bank sold the shares at Rs. 1,525 per share for a total consideration of Rs. 190.62 crore.
2017-03-28 :Bank of India sells 5 percent stake in TransUnion CIBIL for Rs. 190.62 crore
Bank of India has sold its 5 percent stake in TransUnion CIBIL to TransUnion International Incorporation. The shares have been sold for Rs 190.62 crore valued at Rs. 1,525 per share.
2017-02-10 :Bank of India reports a net profit of Rs. 102 crore in third quarter of FY17
Bank of India has reported a net profit of Rs. 102 crore during the third quarter of FY17 against a loss of Rs. 1,505 during the same quarter of FY16. Gross non -performing assets of the bank declined by 0.92 percent on a year on year basis and reported at Rs. 51,781 crore as on third quarter ending FY17.
2017-01-10 :Bank of India cuts loan against property rate
Bank of India has reduced its loan against property interest rate by 60 basis points. The revised LAP rate now stands at 10.50 percent as compared to 11.10 percent earlier. The rate is effective from 7th January, 2017.
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