The public sector lender will leverage the reach of NBFC to build an MSME portfolio
Bank of India said its board approved the opening of QIP on August 25 and the floor price of Rs 66.19 per equity share.
The issue would also be used to deploy capital for improving the technical platform of the bank, co-lending digital operations among others
Canara Bank, Punjab National Bank, and Bank of India offer FD tenures ranging from 7 days to 10 years
Bank of India's NPAs fell marginally to 13.51% of the gross advances at the end of June this year from 13.91% in the same period a year ago
Personal loans: Though it falls into the category of personal loan, the interest rate on loans for Covid-19 treatment is far lower
A penalty of Rs 4 crore has been imposed on Bank of India and Rs 2 crore on Punjab National Bank
For the financial year 2020-21, Bank of India's net profit stood at Rs 2,160 crore as against a net loss of Rs 2,957 crore in the previous year
A fixed deposit (FD) is one of the safest investment options which offers a fixed return without any market-related risks
Global financial firm Morgan Stanley continues to prefer State Bank of India (SBI) over other public sector lenders.