Tag Archive for Bank of India

Bank Of India net profit zooms by 40.94%

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By Vivek K Mobile: 09920183006  Email:indianshowbusiness@gmail.com

Bank of India announced its audited results for the Q2 FY 2017-18, following approval by its Board of Directors on November 10, 2017.

 

Highlights of Financial Results:

 

v  Q-2 Net Profits rose by 40.94% Y-o-Y.

v  Sequentially, Net Profits shot up by 104.08%

v  NIM improved from 1.99% in June 2017 to 2.15% in September,2017

v  Gross NPA Ratio, which has declined for consecutive for four quarters.

v  Provision Coverage Ratio improves to 65.23% from 55.23% in September,2016 Read more

Bank of India reports an operating profit of Rs. 1,458 crore for the quarter ended September 30, 2015

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By Ashok Punatar Mob: 09820746494 Email: ashokpunatar@yahoo.com

Shri Jain Bhushan (CFO, BOI), Shri R P Marathe (Executive Director, BOI), Shri Melwyn Rego (Managing Director & CEO) and Shri R A Sankara Narayanan (Executive Director, BOI) at the press conference to announce Q2FY16 results of the Bank

Bank of India reported an operating profit of Rs. 1,458 crore for the quarter ended September 30, 2015. The Q2 results were announced by Shri Melwyn Rego (Managing Director & CEO) in the presence of Shri R P Marathe (Executive Director, BOI) and Shri R A Sankara Narayanan (Executive Director, BOI) at a press conference in Mumbai. The Net Interest Income stood at Rs. 3,020 crore and the Non-Interest Income stood at Rs. 778 crore. Operating Profit FOR h1FY16 stood at Rs. 3,162 crore. Net Interest Income stood at Rs. 5,932 crore. Non-Interest Income stood at Rs. 1,619 crore.

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Bank of India Net Profit at Rs. 130 cr in Q1 FY 2016

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By Ashok Punatar Mob: 9820746494 Email: ashokpunatar@yahoo.com

(L - R) Shri Anant Upadhyay (CFO), Shri R.A. Sankara Narayanan (Executive Director), Shri B.P. Sharma (MD & CEO) and Shri R.P. Marathe (Executive Director) at the press conference of Bank of India announcing the Q1 FY 16 financial results

Bank of India has posted a net profit of Rs 130 crore for the quarter ended June 30, 2015 while operating profit stood at Rs 1704 crore. The net interest income of the bank stood at RS 2,913 crore while non-interest income was at Rs 840 crore as on June 30, 2015.  Bank of India’s retail advances grew 20.69% as the total domestic advances increased from Rs 2,62874 crore in June 2014 to Rs 2,80,986 crore in June 2015.

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Bank of India Q4 FY 2015 consolidated net profit stood at Rs.2013 crore

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By Ashok Punatar Mob: 09820746494 Email: ashokpunatar@yahoo.com

(L-R): Mr. Anant Upadhyay (CFO & General Manager), Mr. B.P Sharma (ED), Mrs. V.R. Iyer (Chairperson & Managing Director), Mr. R.P. Marathe (ED) and Mr. R.A. Sankara Narayanan(ED) during the press conference held to announce Bank of India's Q4 FY15 results.

Bank Of India announced an consolidated net profit of Rs.2012.90 crore for FY 2015.The Q4 FY2015 results were announced by Mrs. V.R. Iyer (Chairperson & Managing Director), Mr. R.P. Marathe (ED),Mr. R.A. Sankara Narayanan(ED), Mr. B.P Sharma (ED), Mr. Anant Upadhyay (CFO & General Manager).

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Bank of India and MasterCard Launch New Products to Enhance the Payments Experience for Consumers

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By Ashok Punatar Mob: 09820746494 Email: ashokpunatar@yahoo.com

Mr. Vikas Varma (Executive Director, South Asia, MasterCard) and Mr. R.P. Marathe (Executive Director, Bank of India) at the launch of new products to enhance the Payments Experience for Consumers

Bank of India (BOI) and MasterCard today announced the launch of its unique card programs namely the Bank of India Business Debit MasterCard, Platinum Credit MasterCard and International Travel MasterCard to further enrich their customer’s payment experiences. They have also signed an in principle agreement to offer an innovative range of banking solutions namely In Control™ for Spend Management andMasterCard Rewards Program which will cater to the ever-evolving digital needs of consumers.

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Shri R. A. Sankara Narayanan elevated as Executive Director in Bank of India

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By Ashok Punatar Mob: 09820746494 Email: ashokpunatar@yahoo.com

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank of India Chief General Manager (International Division), Shri R A Sankara Narayanan, has been elevated as an Executive Director in Bank of India itself. He had joined the Bank as a Direct Recruit Officer (DRO) in 1983. A post graduate, MBA and a Certified Associate of the Indian Institute of Bankers (CAIIB), he also has a Diploma in Treasury and Risk Management and P G Diplomas in Personnel Management and Financial Management.

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Bank of India Q2 FY15 Net rises 26%; Net Interest Income grows 20%

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By K. Vivek Mob: 09920183006 Email: indianshowbusiness@gmail.com

(L-R) Mr. Anant Upadhyay, General Manager and CFO, Mr. Arun Srivastava, Executive Director , Mrs. V. R. Iyer, Chairperson & Managing Director, Mr. B. P. Sharma, Executive Director, Mr. R. Koteeswaran, Executive Director .

Bank of India announced a Net Profit of Rs. 786 crore (up 26%) for the quarter ended September 30, 2014, as compared to Rs. 622 crore in Q2 FY14. Non-Interest Income grew to Rs. 3,031 crore (up 20%) in Q2 FY15 from Rs. 2,527 crore in Q2 FY14. The Operating Profit grew to Rs. 2136 crore (up 2%) in Q2 FY15 from Rs. 2103 crore in Q2 FY14. Gross NPA Ratio stood at 3.54% in Q2FY15 as against 3.28% in Q2 FY14; Net NPA Ratio was 2.32% in Q2 FY15 as against 2.14% in Q2 FY14; Provision Coverage Ratio was 56.32% for Q2 FY15. Non-Interest Income stood at Rs.1,006 crore in September-14.

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Bank of India observes Vigilance Awareness Week till 1st November

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By K. Vivek Mob: 09920183006 Email: indianshowbusiness@gmail.com

(from L to R) Shri Narendra Marwah (DGM, Vigilance), Shri Arun Shrivastava (Executive Director), Shri B P Sharma (Executive Director) and Shri Manoj Jain (Chief Vigilance Officer).

The Bank of India is observing Vigilance Awareness Week from 27th October to 1st November 2014. On this occasion, the Vigilance Department of the Bank has come out with a special journal containing important articles on vigilance matters including an article on this years’ theme i.e. “Combating Corruption-Technology as an enabler”. The journal was unveiled by Shri B P Sharma and Shri Arun Shrivastava on 27.10.2014 in the presence of Shri Manoj Jain, Chief Vigilance Officer, General Managers and Deputy General Managers posted at Bank’s Head Office.

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Bank of India presents India’s Top SME 100 Awards 2014

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By K. Vivek Mob: 09920183006 Email: indianshowbusiness@gmail.com

Lok Sabha Speaker Smt Sumitra Mahajan being felicitated by Smt. VR Iyer, Chairperson and MD, Bank of India at the India Top SME 100 Awards 2014

Bank of India presented the second edition of Bank Of India presents India’s TOP SME 100 AWARDS 2014 organised by India SME Forum on 2nd August in the presence of Hon’ble speaker of Lok Sabha Ms Sumitra Mahajan and Hon’ble Union Minister of MSME Shri Kalraj Mishra.

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RBI remains on a disinflationary course: Bank of India CMD Mrs. VR Iyer

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By K. Vivek Mob: 09920183006 Email: indianshowbusiness@gmail.com

 

 

 

 

 

 

 

 

 

 

 

As expected, RBI has kept the Benchmark Policy Rate- Repo unchanged at 8.0% in its Second Bi-Monthly Monetary Policy Statement released today. Though it has acknowledged some respite on wholesale and ex-food & fuel retail inflation, however, it remains vigilant to spikes due to less-than-normal Monsoon due to 60% likelihood of the occurrence of El Nino.

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