CBI arrests two retired BOI officers for Rs 2,654 cr fraud

Jul 06 2018

The CBI today arrested two senior retired officers of Bank of India in connection with alleged loan fraud of Rs 2,654 crore by Vadodara-based Diamond Power Infrastructure Ltd. (DPIL) in the bank.

Globally firms suffered reduced earnings due to forex risk: Report

Jul 02 2018

Globally, a majority of Chief Financial Officers (CFOs) say their company suffered reduced earnings in the last two years due to "avoidable and unhedged" forex risk, according to HSBC report.

Bank of India raises lending rates by 10 basis points

Jun 08 2018

BoI increased its marginal cost of funds based lending rates (MCLR) by 10 basis points (bps) across various tenures, just two days after a hike in repo rate by the RBI.

BOI expects 8-10% business growth this fiscal

May 19 2018

State-run lender Bank of India (BOI) is expecting its business to grow 8-10 per cent in the current fiscal, an official said here on Saturday.

Kovind, Modi greet nation on Ambedkar Jayanti, harvest festivals

Apr 14 2018

President Ram Nath Kovind and Prime Minister Narendra Modi on Saturday greeted the nation on the occasions of Ambedkar Jayanti and harvest festivals.

PNB fraud case: CBI examines two State Bank of India officials

Apr 12 2018

The CBI said it is examining two officials of overseas branches of an Indian bank in connection with its ongoing probe into the Rs 13,500 crore PNB fraud case.

BoI has recovered Rs 7000 cr worth SLOCs from other banks

Mar 12 2018

Bank of India has recovered Rs 7,000 cr worth Standby Letters of Credit in the last two months and the balance of Rs.2,000 crore would be recovered in another two months.

Banks' gross bad loans in December stood at Rs 8.41 lakh crore

Mar 09 2018

The gross non-performing assets, or bad loans, in the Indian banking system amounted to Rs 8,40,958 crore in December, Parliament was told.

Rail fracture delays suburban train services on Western line

Feb 03 2018

Suburan train services on the Western line were affected this morning following detection of a rail fracture, police said.

State-owned Bank of India postpones Rs 3,000 crore QIP plan

Jan 15 2018

BoIhas deferred the Rs 3,000-crore capital raising plan through private placement of equity shares after the government's move to infuse Rs 2,257 crore capital into it.

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