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Bank Of India Gross Advances (Global) As Of March-End Up 15.69% Y/Y
April 2 (Reuters) - Bank of India Ltd BOI.NS:
BANK OF INDIA - GROSS ADVANCES (GLOBAL) AS OF MARCH-END UP 15.69% Y/Y
BANK OF INDIA - DEPOSITS (GLOBAL) AS OF MARCH-END UP 13.58% Y/Y
Further company coverage: BOI.NS
April 2 (Reuters) - Bank of India Ltd BOI.NS:
BANK OF INDIA - GROSS ADVANCES (GLOBAL) AS OF MARCH-END UP 15.69% Y/Y
BANK OF INDIA - DEPOSITS (GLOBAL) AS OF MARCH-END UP 13.58% Y/Y
Further company coverage: BOI.NS
RBI Imposes Monetary Penalty On Bank Of India For 5.9 Million Rupees
March 27 (Reuters) -
RBI: IMPOSES MONETARY PENALTY ON BANK OF INDIA FOR 5.9 MILLION RUPEES
Further company coverage: BOI.NS
March 27 (Reuters) -
RBI: IMPOSES MONETARY PENALTY ON BANK OF INDIA FOR 5.9 MILLION RUPEES
Further company coverage: BOI.NS
Bank Of India Says RBI Imposes Monetary Penalty Of 185,300 Rupees On Kanpur Currency Chest
March 12 (Reuters) - Bank of India Ltd BOI.NS:
BANK OF INDIA - RBI IMPOSES MONETARY PENALTY OF 185,300 RUPEES ON KANPUR CURRENCY CHEST
Source text: ID:nBSE3xLXPc
Further company coverage: BOI.NS
March 12 (Reuters) - Bank of India Ltd BOI.NS:
BANK OF INDIA - RBI IMPOSES MONETARY PENALTY OF 185,300 RUPEES ON KANPUR CURRENCY CHEST
Source text: ID:nBSE3xLXPc
Further company coverage: BOI.NS
Two Indian state banks plan infra bond sales after robust demand for Bank of Baroda issue
By Dharamraj Dhutia and Khushi Malhotra
MUMBAI, March 5 (Reuters) - Robust demand from long-term investors for an Indian state-run lender's mega infrastructure bond issue this week has prompted two others to tap the market before the end of the financial year, three sources familiar with the matter said on Thursday.
Bank of India BOI.NS and Punjab National Bank PNBK.NS are among lenders that could issue infrastructure bonds over the next three weeks.
Bank of India could raise up to 100 billion rupees ($1.09 billion), while PNB will consider a 20-50 billion-rupee issue, the sources added, requesting anonymity as they're not authorised to speak to the media.
The lenders did not reply to Reuters' emails seeking comment.
Earlier this week, Bank of Baroda BOB.NS raised 100 billion rupees through seven-year infra bonds at a 7.10% coupon, below the 7.25% level that the market had expected, signalling elevated demand for the issue.
"Nearly 60%-70% of Bank of Baroda's bond was absorbed by a large state-run provident fund, and its peers are anticipating a similar response to their issuances," one of the sources said.
"Had it not been for the PF bids, the cutoff could have easily have been closer to 7.25%."
Infrastructure bonds are used by banks to finance long-term development projects.
Three Indian lenders have raised an aggregate 250 billion rupees through these bonds so far this financial year, sharply lower than 892 billion rupees raised in the previous fiscal.
Bank of Baroda is only the third lender to raise this quantum of funds after Bank of India and Axis Bank AXBK.NS.
Bankers said that a lack of sufficient supply of such notes during the financial year could lead to stronger demand for the next few issuances as investors seek to meet their exposure requirements.
($1 = 91.5550 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
By Dharamraj Dhutia and Khushi Malhotra
MUMBAI, March 5 (Reuters) - Robust demand from long-term investors for an Indian state-run lender's mega infrastructure bond issue this week has prompted two others to tap the market before the end of the financial year, three sources familiar with the matter said on Thursday.
Bank of India BOI.NS and Punjab National Bank PNBK.NS are among lenders that could issue infrastructure bonds over the next three weeks.
Bank of India could raise up to 100 billion rupees ($1.09 billion), while PNB will consider a 20-50 billion-rupee issue, the sources added, requesting anonymity as they're not authorised to speak to the media.
The lenders did not reply to Reuters' emails seeking comment.
Earlier this week, Bank of Baroda BOB.NS raised 100 billion rupees through seven-year infra bonds at a 7.10% coupon, below the 7.25% level that the market had expected, signalling elevated demand for the issue.
"Nearly 60%-70% of Bank of Baroda's bond was absorbed by a large state-run provident fund, and its peers are anticipating a similar response to their issuances," one of the sources said.
"Had it not been for the PF bids, the cutoff could have easily have been closer to 7.25%."
Infrastructure bonds are used by banks to finance long-term development projects.
Three Indian lenders have raised an aggregate 250 billion rupees through these bonds so far this financial year, sharply lower than 892 billion rupees raised in the previous fiscal.
Bank of Baroda is only the third lender to raise this quantum of funds after Bank of India and Axis Bank AXBK.NS.
Bankers said that a lack of sufficient supply of such notes during the financial year could lead to stronger demand for the next few issuances as investors seek to meet their exposure requirements.
($1 = 91.5550 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
Bank of India hits 8-year peak after quarterly profit rise
** Shares of Bank of India BOI.NS rise 4.8% to 167.81 rupees, highest since January 2018
** Stock is top gainer in Nifty PSU Bank index .NIFTYPSU
** Bank's Dec-quarter net profit rises 7.5% year-on-year to 27.05 billion rupees ($295.50 million); quarterly interest earned rises 3.9% to 189.27 billion rupees
** ICICI Direct Research says bank’s guidance of stronger loan growth in the coming quarters, aided by a healthy disbursement pipeline and improving retail-to-corporate mix, remains a key positive, while further moderation in funding costs could support NIM expansion toward about 2.6% by FY-end
** Brokerage notes asset quality is expected to remain stable with strong provision coverage and controlled credit costs
** More than 18.9 million shares change hands vs 30-day avg of 9.4 million shares
** Stock rose 41.1% in 2025
($1 = 91.5400 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru)
** Shares of Bank of India BOI.NS rise 4.8% to 167.81 rupees, highest since January 2018
** Stock is top gainer in Nifty PSU Bank index .NIFTYPSU
** Bank's Dec-quarter net profit rises 7.5% year-on-year to 27.05 billion rupees ($295.50 million); quarterly interest earned rises 3.9% to 189.27 billion rupees
** ICICI Direct Research says bank’s guidance of stronger loan growth in the coming quarters, aided by a healthy disbursement pipeline and improving retail-to-corporate mix, remains a key positive, while further moderation in funding costs could support NIM expansion toward about 2.6% by FY-end
** Brokerage notes asset quality is expected to remain stable with strong provision coverage and controlled credit costs
** More than 18.9 million shares change hands vs 30-day avg of 9.4 million shares
** Stock rose 41.1% in 2025
($1 = 91.5400 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru)
Bank Of India Posts Q3 Net Profit Of 27.05 Billion Rupees
Jan 21 (Reuters) - Bank of India Ltd BOI.NS:
Q3 NET PROFIT 27.05 BILLION RUPEES
Q3 GROSS NPA 2.26%
Q3 INTEREST EARNED 189.27 BILLION RUPEES
Q3 PROVISIONS & CONTINGENCIES 5.76 BILLION RUPEES
Q3 PROVISIONS FOR NPA 6.05 BILLION RUPEES
Source text: ID:nBSEc6RK3W
Further company coverage: BOI.NS
Jan 21 (Reuters) - Bank of India Ltd BOI.NS:
Q3 NET PROFIT 27.05 BILLION RUPEES
Q3 GROSS NPA 2.26%
Q3 INTEREST EARNED 189.27 BILLION RUPEES
Q3 PROVISIONS & CONTINGENCIES 5.76 BILLION RUPEES
Q3 PROVISIONS FOR NPA 6.05 BILLION RUPEES
Source text: ID:nBSEc6RK3W
Further company coverage: BOI.NS
Bank Of India Gross Advances (Global) As Of Dec 31 Up 13.55% Y/Y
Jan 2 (Reuters) - Bank of India Ltd BOI.NS:
GROSS ADVANCES (GLOBAL) AS OF DEC 31 UP 13.55% Y/Y
GLOBAL DEPOSITS AT 8.87 TRILLION AS OF DEC 31, UP 11.64% Y/Y
Source text: [ID:]
Further company coverage: BOI.NS
Jan 2 (Reuters) - Bank of India Ltd BOI.NS:
GROSS ADVANCES (GLOBAL) AS OF DEC 31 UP 13.55% Y/Y
GLOBAL DEPOSITS AT 8.87 TRILLION AS OF DEC 31, UP 11.64% Y/Y
Source text: [ID:]
Further company coverage: BOI.NS
Bank Of India Lowers 1 Year MCLR To 8.75%
Dec 31 (Reuters) - Bank of India Ltd BOI.NS:
1 YEAR MCLR REVISED TO 8.75% FROM 8.85% EFFECTIVE JAN 1
Source text: ID:nBSE8K2P3R
Further company coverage: BOI.NS
Dec 31 (Reuters) - Bank of India Ltd BOI.NS:
1 YEAR MCLR REVISED TO 8.75% FROM 8.85% EFFECTIVE JAN 1
Source text: ID:nBSE8K2P3R
Further company coverage: BOI.NS
Bank Of India Issues Basel III Tier II Bonds Worth 25 Billion Rupees
Dec 12 (Reuters) - Bank of India Ltd BOI.NS:
BANK OF INDIA - ISSUES BASEL III TIER II BONDS WORTH 25 BILLION RUPEES
Source text: ID:nNSE2DFRws
Further company coverage: BOI.NS
Dec 12 (Reuters) - Bank of India Ltd BOI.NS:
BANK OF INDIA - ISSUES BASEL III TIER II BONDS WORTH 25 BILLION RUPEES
Source text: ID:nNSE2DFRws
Further company coverage: BOI.NS
India New Issue-Bank of India plans to issue Tier II bonds in December, bankers say
MUMBAI, Dec 8 (Reuters) - Bank of India BOI.NS plans to raise 25 billion rupees ($277.28 million), including a greenshoe option of 15 billion rupees, through Basel III compliant Tier II bonds maturing in 10 years, two bankers said on Monday.
It has decided to invite coupon and commitment bids for the issue tentatively on December 10, they said.
The bond will have a call option at the end of five years.
The company confirmed the details in an email sent by Reuters.
Here is the list of deals reported so far on December 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bank of India | 10 years | To be decided | 10+15 | December 10 | AA+ (Crisil, Care) |
RJ Corp | 3 years | 7.25 | 9.90 | December 9 | AAA (Crisil) |
PFC | 15 years | To be decided | 6+29 | December 9 | AAA (Crisil, Care) |
* Size includes base plus greenshoe for some issues
($1 = 90.1600 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
MUMBAI, Dec 8 (Reuters) - Bank of India BOI.NS plans to raise 25 billion rupees ($277.28 million), including a greenshoe option of 15 billion rupees, through Basel III compliant Tier II bonds maturing in 10 years, two bankers said on Monday.
It has decided to invite coupon and commitment bids for the issue tentatively on December 10, they said.
The bond will have a call option at the end of five years.
The company confirmed the details in an email sent by Reuters.
Here is the list of deals reported so far on December 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bank of India | 10 years | To be decided | 10+15 | December 10 | AA+ (Crisil, Care) |
RJ Corp | 3 years | 7.25 | 9.90 | December 9 | AAA (Crisil) |
PFC | 15 years | To be decided | 6+29 | December 9 | AAA (Crisil, Care) |
* Size includes base plus greenshoe for some issues
($1 = 90.1600 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
Bank of India rises to four-month high on strong quarterly update
BENGALURU, Oct 7 (Reuters) -
** Bank of India BOI.NS stock rises as much as 2.7% to four-month high of 129.45 rupees; last up 1%
** Shares of public sector lender set for sixth consecutive session of gains
** BOI's domestic advances rise 14.6% y/y, while deposits up 8.5% as of the quarter-ended September
** Morgan Stanley calls Q2 a strong quarter for BOI after the initial update
** "The balanced momentum across deposits and credit provides stability to the franchise and should aid earnings consistency," says ICICI Securities
** YTD, BOI up 27% vs 17% rise in Nifty PSU Bank index .NIFTYPSU
(Reporting by Vivek Kumar M)
BENGALURU, Oct 7 (Reuters) -
** Bank of India BOI.NS stock rises as much as 2.7% to four-month high of 129.45 rupees; last up 1%
** Shares of public sector lender set for sixth consecutive session of gains
** BOI's domestic advances rise 14.6% y/y, while deposits up 8.5% as of the quarter-ended September
** Morgan Stanley calls Q2 a strong quarter for BOI after the initial update
** "The balanced momentum across deposits and credit provides stability to the franchise and should aid earnings consistency," says ICICI Securities
** YTD, BOI up 27% vs 17% rise in Nifty PSU Bank index .NIFTYPSU
(Reporting by Vivek Kumar M)
India's state-run telco MTNL defaults on loan repayments worth 87 billion rupees
Aug 18 (Reuters) - Mahanagar Telephone Nigam Ltd (MTNL) MTNL.NS has defaulted on loan repayments worth 86.59 billion rupees ($990.48 million) to a group of seven public sector banks, the state-run telecom company said on Monday.
In July, MTNL had disclosed defaults of 85.85 billion rupees to the same lenders.
The default includes 77.94 billion rupees in principal and 8.65 billion rupees in overdue interest to lenders including Union Bank of India UNBK.NS, Bank of India BOI.NS, Punjab National Bank PNBK.NS and State Bank of India SBI.NS.
The debt-laden operator, which has long struggled with falling subscriber numbers, mounting losses and shrinking relevance in India’s highly competitive telecom market, has been surviving largely on government support and debt roll-overs.
MTNL’s total debt has risen to 345.77 billion rupees ($3.96 billion) as of July 31, from 344.84 billion rupees in June-end, which also includes sovereign-guaranteed bonds and loans from the Department Of Telecommunications.
($1 = 87.4225 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru; Editing by Janane Venkatraman)
Aug 18 (Reuters) - Mahanagar Telephone Nigam Ltd (MTNL) MTNL.NS has defaulted on loan repayments worth 86.59 billion rupees ($990.48 million) to a group of seven public sector banks, the state-run telecom company said on Monday.
In July, MTNL had disclosed defaults of 85.85 billion rupees to the same lenders.
The default includes 77.94 billion rupees in principal and 8.65 billion rupees in overdue interest to lenders including Union Bank of India UNBK.NS, Bank of India BOI.NS, Punjab National Bank PNBK.NS and State Bank of India SBI.NS.
The debt-laden operator, which has long struggled with falling subscriber numbers, mounting losses and shrinking relevance in India’s highly competitive telecom market, has been surviving largely on government support and debt roll-overs.
MTNL’s total debt has risen to 345.77 billion rupees ($3.96 billion) as of July 31, from 344.84 billion rupees in June-end, which also includes sovereign-guaranteed bonds and loans from the Department Of Telecommunications.
($1 = 87.4225 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru; Editing by Janane Venkatraman)
India's MTNL defaults on $1 billion of loans from seven public sector banks
BENGALURU, July 15 (Reuters) - India's Mahanagar Telephone Nigam MTNL.NS has defaulted on loans totaling 85.85 billion rupees ($1 billion), the public-sector telecom firm said on Tuesday.
The loans were made by seven public sector, with Union Bank of India UNBK.NS and Indian Overseas Bank IOBK.NS having the biggest exposure, MTNL said in an exchange filing.
($1 = 85.8860 Indian rupees)
(Reporting by Nishit Navin; Editing by Anil D'Silva)
BENGALURU, July 15 (Reuters) - India's Mahanagar Telephone Nigam MTNL.NS has defaulted on loans totaling 85.85 billion rupees ($1 billion), the public-sector telecom firm said on Tuesday.
The loans were made by seven public sector, with Union Bank of India UNBK.NS and Indian Overseas Bank IOBK.NS having the biggest exposure, MTNL said in an exchange filing.
($1 = 85.8860 Indian rupees)
(Reporting by Nishit Navin; Editing by Anil D'Silva)
Bank Of India Revises 1 Year MCLR To 9.00% Effective 01.07.2025
June 30 (Reuters) - Bank of India Ltd BOI.NS:
REVISED 1 YEAR MCLR TO 9.00% EFFECTIVE 01.07.2025
Source text: ID:nBSE6dGfQb
Further company coverage: BOI.NS
June 30 (Reuters) - Bank of India Ltd BOI.NS:
REVISED 1 YEAR MCLR TO 9.00% EFFECTIVE 01.07.2025
Source text: ID:nBSE6dGfQb
Further company coverage: BOI.NS
Bank Of India To Consider Proposal Of Fund Raising By Issue Of Long Term (Infra) Bonds
June 20 (Reuters) - Bank of India Ltd BOI.NS:
TO CONSIDER PROPOSAL OF FUND RAISING BY ISSUE OF LONG TERM (INFRA) BONDS
Source text: [ID:]
Further company coverage: BOI.NS
June 20 (Reuters) - Bank of India Ltd BOI.NS:
TO CONSIDER PROPOSAL OF FUND RAISING BY ISSUE OF LONG TERM (INFRA) BONDS
Source text: [ID:]
Further company coverage: BOI.NS
Bank Of India Q4 Net Profit 26.26 Bln Rupees
May 9 (Reuters) - Bank of India Ltd BOI.NS:
RECOMMENDS DIVIDEND OF 4.05 RUPEES PER SHARE
Q4 NET PROFIT 26.26 BILLION RUPEES
Q4 GROSS NPA 3.27%
Q4 INTEREST EARNED 183.23 BILLION RUPEES
Q4 PROVISIONS & CONTINGENCIES 13.38 BILLION RUPEES
Q4 PROVISIONS FOR NPA 13.47 BILLION RUPEES
Source text: ID:nBSE5f08wC
Further company coverage: BOI.NS
May 9 (Reuters) - Bank of India Ltd BOI.NS:
RECOMMENDS DIVIDEND OF 4.05 RUPEES PER SHARE
Q4 NET PROFIT 26.26 BILLION RUPEES
Q4 GROSS NPA 3.27%
Q4 INTEREST EARNED 183.23 BILLION RUPEES
Q4 PROVISIONS & CONTINGENCIES 13.38 BILLION RUPEES
Q4 PROVISIONS FOR NPA 13.47 BILLION RUPEES
Source text: ID:nBSE5f08wC
Further company coverage: BOI.NS
Bank Of Maharashtra Transfers 4.50 Billion Rupees To Bank Of India
April 30 (Reuters) - Bank of Maharashtra Ltd BMBK.NS:
BANK OF MAHARASHTRA LTD - TRANSFERS 4.50 BILLION RUPEES TO BANK OF INDIA
Source text: ID:nBSE1NXWmP
Further company coverage: BMBK.NS
April 30 (Reuters) - Bank of Maharashtra Ltd BMBK.NS:
BANK OF MAHARASHTRA LTD - TRANSFERS 4.50 BILLION RUPEES TO BANK OF INDIA
Source text: ID:nBSE1NXWmP
Further company coverage: BMBK.NS
Bank Of India To Consider Proposal Of Raising Of Capital
April 22 (Reuters) - Bank of India Ltd BOI.NS:
TO CONSIDER PROPOSAL OF RAISING OF CAPITAL
TO CONSIDER ISSUE OF BASEL III COMPLIANT ADDITIONAL TIER 1 AND TIER 2 BONDS
Source text: ID:nBSE5Sb2tW
Further company coverage: BOI.NS
April 22 (Reuters) - Bank of India Ltd BOI.NS:
TO CONSIDER PROPOSAL OF RAISING OF CAPITAL
TO CONSIDER ISSUE OF BASEL III COMPLIANT ADDITIONAL TIER 1 AND TIER 2 BONDS
Source text: ID:nBSE5Sb2tW
Further company coverage: BOI.NS
Bank Of India Global Gross Advances As On March 31 Up 13.59% Y/Y
April 3 (Reuters) - Bank of India Ltd BOI.NS:
BANK OF INDIA - GROSS ADVANCES (GLOBAL) AS ON MARCH 31 UP 13.59% Y/Y
BANK OF INDIA - DEPOSITS (GLOBAL) AS ON MARCH 31 UP 10.65% Y/Y
Source text: [ID:]
Further company coverage: BOI.NS
April 3 (Reuters) - Bank of India Ltd BOI.NS:
BANK OF INDIA - GROSS ADVANCES (GLOBAL) AS ON MARCH 31 UP 13.59% Y/Y
BANK OF INDIA - DEPOSITS (GLOBAL) AS ON MARCH 31 UP 10.65% Y/Y
Source text: [ID:]
Further company coverage: BOI.NS
Bank Of India Declares Rolta India NPA As Fraud
March 26 (Reuters) - Bank of India Ltd BOI.NS:
BANK OF INDIA LTD - DECLARES ROLTA INDIA NPA AS FRAUD
BANK OF INDIA - ROLTA INDIA.'S NPA OUTSTANDING AMOUNT IS 6.16 BILLION RUPEES
Source text: ID:nNSE7KpfpJ
Further company coverage: BOI.NS
March 26 (Reuters) - Bank of India Ltd BOI.NS:
BANK OF INDIA LTD - DECLARES ROLTA INDIA NPA AS FRAUD
BANK OF INDIA - ROLTA INDIA.'S NPA OUTSTANDING AMOUNT IS 6.16 BILLION RUPEES
Source text: ID:nNSE7KpfpJ
Further company coverage: BOI.NS
Bank Of India To Exercise Green Shoe Option Of $100 Million In Fund Raising
March 24 (Reuters) - Bank of India Ltd BOI.NS:
BANK OF INDIA - TO EXERCISE GREEN SHOE OPTION OF $100 MILLION IN FUND RAISING
Source text: ID:nBSE5Y6jH3
Further company coverage: BOI.NS
March 24 (Reuters) - Bank of India Ltd BOI.NS:
BANK OF INDIA - TO EXERCISE GREEN SHOE OPTION OF $100 MILLION IN FUND RAISING
Source text: ID:nBSE5Y6jH3
Further company coverage: BOI.NS
Bank Of India Says Issued, Allotted Bonds Upto 26.9 Bln Rupees On Private Placement Basis
Feb 18 (Reuters) - Bank of India Ltd BOI.NS:
ISSUED, ALLOTTED BONDS UPTO 26.9 BILLION RUPEES ON PRIVATE PLACEMENT BASIS
Source text: ID:nBSE7DQmNp
Further company coverage: BOI.NS
Feb 18 (Reuters) - Bank of India Ltd BOI.NS:
ISSUED, ALLOTTED BONDS UPTO 26.9 BILLION RUPEES ON PRIVATE PLACEMENT BASIS
Source text: ID:nBSE7DQmNp
Further company coverage: BOI.NS
India New Issue-Bank of India accepts bids for infrastructure bonds, bankers say
MUMBAI, Feb 14 (Reuters) - State-run Bank of India BOI.NS has accepted bids worth 26.90 billion rupees ($309.6 million) for infrastructure bonds maturing in 10 years, three bankers said on Friday.
The lender will pay an annual coupon of 7.50% and had invited coupon and commitment bids for the issue earlier in the day, they said.
Bank of India did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on February 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bank of India | 10 years | 7.50 | 26.90 | Feb. 14 | AA (India Ratings, Care) |
Cholamandalam Investment | 3 years | 8.20 | 5 | Feb. 14 | AA+ (Icra, India Ratings) |
THDC India | 10 years | 7.73 | 7 | Feb. 14 | AA (Care) |
HDB Financial April 2027 reissue | 2 years and 2 months | 7.90 (yield) | 5 | Feb. 14 | AAA (Crisil, Care) |
Narayana Hrudayalaya | 5 years | 8.40 | 5 | Feb. 14 | AA (Icra) |
Bamboo Hotel and Global Centre | Nearly 3 years | 10.81 | 8.08 | Feb. 13 | Provisional A+(CE)(Icra) |
PFC | 3 years and 2 months | To be decided | 7+33 | Feb. 17 | AAA (Crisil, Care, Icra) |
PFC | 6 years and 11 months | To be decided | 7+33 | Feb. 17 | AAA (Crisil, Care, Icra) |
* Size includes base plus greenshoe for some issues
($1 = 86.8750 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, Feb 14 (Reuters) - State-run Bank of India BOI.NS has accepted bids worth 26.90 billion rupees ($309.6 million) for infrastructure bonds maturing in 10 years, three bankers said on Friday.
The lender will pay an annual coupon of 7.50% and had invited coupon and commitment bids for the issue earlier in the day, they said.
Bank of India did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on February 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bank of India | 10 years | 7.50 | 26.90 | Feb. 14 | AA (India Ratings, Care) |
Cholamandalam Investment | 3 years | 8.20 | 5 | Feb. 14 | AA+ (Icra, India Ratings) |
THDC India | 10 years | 7.73 | 7 | Feb. 14 | AA (Care) |
HDB Financial April 2027 reissue | 2 years and 2 months | 7.90 (yield) | 5 | Feb. 14 | AAA (Crisil, Care) |
Narayana Hrudayalaya | 5 years | 8.40 | 5 | Feb. 14 | AA (Icra) |
Bamboo Hotel and Global Centre | Nearly 3 years | 10.81 | 8.08 | Feb. 13 | Provisional A+(CE)(Icra) |
PFC | 3 years and 2 months | To be decided | 7+33 | Feb. 17 | AAA (Crisil, Care, Icra) |
PFC | 6 years and 11 months | To be decided | 7+33 | Feb. 17 | AAA (Crisil, Care, Icra) |
* Size includes base plus greenshoe for some issues
($1 = 86.8750 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
India New Issue-Bank of India to issue 10-year infra bonds, bankers say
MUMBAI, Feb 12 (Reuters) - State-run Bank of India BOI.NS plans to raise 50 billion rupees ($575.4 million) through a sale of infrastructure bonds maturing in 10 years, two bankers said on Wednesday.
The lender has invited coupon and commitment bids for the issue on Friday, they said.
Bank of India did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on February 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bank of India | 10 years | To be decided | 15+35 | Feb. 14 | AA (India Ratings, Care) |
L&T Finance | 5 years and 2 months | 7.80 | 3.60 | Feb. 12 | AAA (Crisil) |
LIC Housing Feb 2028 reissue | 3 years | 7.68 (yield) | 10.03 | Feb. 12 | AAA (Crisil, Care) |
NABARD Mar 2028 reissue | 3 years 1 month and 11 days | 7.51 (yield) | 45 | Feb. 12 | AAA (Crisil, Icra) |
IRFC | 15 years | 7.28% | 30 | Feb. 12 | AAA (Crisil, Icra, Care) |
Bamboo Hotel and Global Centre | nearly 3 years | To be decided | 5.50+5 | Feb. 13 | Provisional A+(CE)(Icra) |
HDFC Life Insurance | 10 years | To be decided | 9+1 | Feb. 13 | AAA (Icra) |
* Size includes base plus greenshoe for some issues
($1 = 86.8925 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
MUMBAI, Feb 12 (Reuters) - State-run Bank of India BOI.NS plans to raise 50 billion rupees ($575.4 million) through a sale of infrastructure bonds maturing in 10 years, two bankers said on Wednesday.
The lender has invited coupon and commitment bids for the issue on Friday, they said.
Bank of India did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on February 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bank of India | 10 years | To be decided | 15+35 | Feb. 14 | AA (India Ratings, Care) |
L&T Finance | 5 years and 2 months | 7.80 | 3.60 | Feb. 12 | AAA (Crisil) |
LIC Housing Feb 2028 reissue | 3 years | 7.68 (yield) | 10.03 | Feb. 12 | AAA (Crisil, Care) |
NABARD Mar 2028 reissue | 3 years 1 month and 11 days | 7.51 (yield) | 45 | Feb. 12 | AAA (Crisil, Icra) |
IRFC | 15 years | 7.28% | 30 | Feb. 12 | AAA (Crisil, Icra, Care) |
Bamboo Hotel and Global Centre | nearly 3 years | To be decided | 5.50+5 | Feb. 13 | Provisional A+(CE)(Icra) |
HDFC Life Insurance | 10 years | To be decided | 9+1 | Feb. 13 | AAA (Icra) |
* Size includes base plus greenshoe for some issues
($1 = 86.8925 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
Bank Of India To Consider Fund Raising Via Long Term Bonds
Jan 21 (Reuters) - Bank of India Ltd BOI.NS:
TO CONSIDER FUND RAISING VIA LONG TERM BONDS
TO CONSIDER FUND RAISING BY ISSUE OF LONG TERM (INFRA) BONDS
Source text: ID:nNSE2wM2ZV
Further company coverage: BOI.NS
Jan 21 (Reuters) - Bank of India Ltd BOI.NS:
TO CONSIDER FUND RAISING VIA LONG TERM BONDS
TO CONSIDER FUND RAISING BY ISSUE OF LONG TERM (INFRA) BONDS
Source text: ID:nNSE2wM2ZV
Further company coverage: BOI.NS
Bank Of India Says Ibu Gift City Branch Borrows USD 300 Million Syndicated Term Loan
Dec 31 (Reuters) - Bank of India Ltd BOI.NS:
BANK OF INDIA LTD -IBU GIFT CITY BRANCH BORROWS USD 300 MILLION SYNDICATED TERM LOAN
Source text: ID:nNSE42TH9L
Further company coverage: BOI.NS
Dec 31 (Reuters) - Bank of India Ltd BOI.NS:
BANK OF INDIA LTD -IBU GIFT CITY BRANCH BORROWS USD 300 MILLION SYNDICATED TERM LOAN
Source text: ID:nNSE42TH9L
Further company coverage: BOI.NS
REFILE-WRAPUP 1-Indian banks review Adani exposure in wake of US bribery allegations
Moves position of 'to India' in paragraph 7, no other changes
Israel wants Adani to continue to invest in the country
Abu Dhabi's IHC maintains its outlook on Adani investment
Adani's listed company shares recover some losses
Indian lenders reviewing Adani group exposure
By Rishika Sadam and Siddhi Nayak
Nov 28 (Reuters) - Indian banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday, after the group's billionaire founder Gautam Adani was indicted by U.S. authorities over an alleged $265 million bribery scheme.
Adani Group's listed stocks, which at one point saw as much as $34 billion wiped off their market value, meanwhile recovered ground as some partners and investors rallied behind it.
State Bank of India SBI.NS will not stop lending to ongoing Adani projects that are nearing completion, two sources told Reuters, but will exercise caution when disbursing loans to ensure all terms and conditions are being met.
Bank of India BOI.NS, Union Bank UNBK.NS, ICICI Bank ICBK.NS, Canara Bank CNBK.NS, IDBI Bank IDBI.NS and RBL Bank RATB.NS, which have relatively smaller exposures to the Adani Group, are undertaking similar exercises, sources said.
A regulatory source aware of the development said from a banking system perspective that no entity was over-exposed to the Adani group and there was no cause for concern.
Earlier on Thursday, Israel said it wants Adani Group to continue to invest there, adding that the U.S. allegations were not "problematic" from its perspective.
"We wish Adani and all Indian companies continue to invest in Israel," Israel's Ambassador to India Reuven Azar told Reuters in an interview.
The Adani Group holds a 70% stake in Haifa port in northern Israel and is involved in projects with Israeli firms, including manufacturing military drones and commercial semiconductors.
Adani and seven others are accused by U.S. authorities of being part of a scheme to pay bribes to secure Indian power supply contracts. The Adani Group has denied the allegations.
The Indian ports-to-power conglomerate has also received public backing from Abu Dhabi's International Holding IHC.AD, which maintained its outlook on investments in the group.
"Our partnership with the Adani Group reflects our confidence in their contributions to the green energy and sustainability sectors," IHC said on Wednesday, adding that it "continues to evaluate relevant information and developments".
IHC, which is one of Adani's key foreign investors, boosted its stake in the group's Adani Enterprises ADEL.NS flagship to more than 5% last year after selling down investments in Adani Green Energy ADNA.NS and Adani Energy Solutions ADAI.NS.
Shares in Adani Green, the company at the centre of the bribery allegations, rose by 10% on Thursday, hitting the cap on gains in a single session for a second consecutive day, with Adani Energy also up the maximum 10%.
The total losses in the value of Adani Group's 10 listed companies have narrowed to $14.5 billion from about $34 billion, the low reached on Tuesday after the U.S. indictments.
FALLOUT
Global investors say worries of a wider spillover from the Adani allegations will hurt sentiment in India, but not the long-term outlook, as they wager one of the world's best-performing markets will get back on track next year.
Investors expect a stronger spotlight on governance and disclosure, and perhaps some volatility, but say the affair has not challenged the reasons they are in India in the first place - for exposure to a growing economy and a huge consumer market.
Indian Prime Minister Narendra Modi's government has not commented on the allegations against the Adani Group and has blocked opposition party demands for a debate on them.
Both houses of India's parliament were suspended temporarily within minutes of opening on Thursday as opposition lawmakers disrupted proceedings for the third day over the issue.
Many opposition parties accuse Modi and his Bharatiya Janata Party (BJP) of favouring Gautam Adani and blocking investigations against him, charges which both have denied.
The Adani Group, which is among India's biggest business empires, has been under scrutiny since January 2023 short seller Hindenburg Research accused it of stock manipulation, which the group has denied, and questioned its high debt levels.
Adani Green said on Wednesday that Adani had been charged by U.S. Securities and Exchange Commission (SEC) for alleged violations of securities law and faced potential fines but had not been charged under the U.S. Foreign Corrupt Practices Act.
The civil action launched by the SEC runs in parallel to U.S. federal prosecutors' indictment against Adani and others.
Repercussions from the indictment have mounted for the Adani Group over the past week, with credit ratings agencies cutting the outlook for some of the listed companies' bonds.
French oil major TotalEnergies TTEF.PA, said on Monday it would not make any more investments in the Adani Group until there was clarity over the allegations and consequences. Total has a 20% stake in Adani Green.
Kenya has scrapped a $2 billion procurement project that was to give Adani control of the country's main airport and it shelved a 30-year, $736-million public-private partnership, signed by Adani Energy with its energy ministry in October.
Closer to home, Sri Lanka said it would investigate all Adani-related projects in the island nation, while Bangladesh is investigating power generation contracts signed under the previous prime minister, one of which was with Adani Power.
(Reporting by Hadeel Al Sayegh in Dubai, Shilpa Jamkhandikar in Mumbai and Nigam Prusty in New Delhi; Writing by Scott Murdoch, Chris Thomas; Editing by Alexander Smith)
((sumeet.chatterjee@thomsonreuters.com; +852 3462 7757;))
Moves position of 'to India' in paragraph 7, no other changes
Israel wants Adani to continue to invest in the country
Abu Dhabi's IHC maintains its outlook on Adani investment
Adani's listed company shares recover some losses
Indian lenders reviewing Adani group exposure
By Rishika Sadam and Siddhi Nayak
Nov 28 (Reuters) - Indian banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday, after the group's billionaire founder Gautam Adani was indicted by U.S. authorities over an alleged $265 million bribery scheme.
Adani Group's listed stocks, which at one point saw as much as $34 billion wiped off their market value, meanwhile recovered ground as some partners and investors rallied behind it.
State Bank of India SBI.NS will not stop lending to ongoing Adani projects that are nearing completion, two sources told Reuters, but will exercise caution when disbursing loans to ensure all terms and conditions are being met.
Bank of India BOI.NS, Union Bank UNBK.NS, ICICI Bank ICBK.NS, Canara Bank CNBK.NS, IDBI Bank IDBI.NS and RBL Bank RATB.NS, which have relatively smaller exposures to the Adani Group, are undertaking similar exercises, sources said.
A regulatory source aware of the development said from a banking system perspective that no entity was over-exposed to the Adani group and there was no cause for concern.
Earlier on Thursday, Israel said it wants Adani Group to continue to invest there, adding that the U.S. allegations were not "problematic" from its perspective.
"We wish Adani and all Indian companies continue to invest in Israel," Israel's Ambassador to India Reuven Azar told Reuters in an interview.
The Adani Group holds a 70% stake in Haifa port in northern Israel and is involved in projects with Israeli firms, including manufacturing military drones and commercial semiconductors.
Adani and seven others are accused by U.S. authorities of being part of a scheme to pay bribes to secure Indian power supply contracts. The Adani Group has denied the allegations.
The Indian ports-to-power conglomerate has also received public backing from Abu Dhabi's International Holding IHC.AD, which maintained its outlook on investments in the group.
"Our partnership with the Adani Group reflects our confidence in their contributions to the green energy and sustainability sectors," IHC said on Wednesday, adding that it "continues to evaluate relevant information and developments".
IHC, which is one of Adani's key foreign investors, boosted its stake in the group's Adani Enterprises ADEL.NS flagship to more than 5% last year after selling down investments in Adani Green Energy ADNA.NS and Adani Energy Solutions ADAI.NS.
Shares in Adani Green, the company at the centre of the bribery allegations, rose by 10% on Thursday, hitting the cap on gains in a single session for a second consecutive day, with Adani Energy also up the maximum 10%.
The total losses in the value of Adani Group's 10 listed companies have narrowed to $14.5 billion from about $34 billion, the low reached on Tuesday after the U.S. indictments.
FALLOUT
Global investors say worries of a wider spillover from the Adani allegations will hurt sentiment in India, but not the long-term outlook, as they wager one of the world's best-performing markets will get back on track next year.
Investors expect a stronger spotlight on governance and disclosure, and perhaps some volatility, but say the affair has not challenged the reasons they are in India in the first place - for exposure to a growing economy and a huge consumer market.
Indian Prime Minister Narendra Modi's government has not commented on the allegations against the Adani Group and has blocked opposition party demands for a debate on them.
Both houses of India's parliament were suspended temporarily within minutes of opening on Thursday as opposition lawmakers disrupted proceedings for the third day over the issue.
Many opposition parties accuse Modi and his Bharatiya Janata Party (BJP) of favouring Gautam Adani and blocking investigations against him, charges which both have denied.
The Adani Group, which is among India's biggest business empires, has been under scrutiny since January 2023 short seller Hindenburg Research accused it of stock manipulation, which the group has denied, and questioned its high debt levels.
Adani Green said on Wednesday that Adani had been charged by U.S. Securities and Exchange Commission (SEC) for alleged violations of securities law and faced potential fines but had not been charged under the U.S. Foreign Corrupt Practices Act.
The civil action launched by the SEC runs in parallel to U.S. federal prosecutors' indictment against Adani and others.
Repercussions from the indictment have mounted for the Adani Group over the past week, with credit ratings agencies cutting the outlook for some of the listed companies' bonds.
French oil major TotalEnergies TTEF.PA, said on Monday it would not make any more investments in the Adani Group until there was clarity over the allegations and consequences. Total has a 20% stake in Adani Green.
Kenya has scrapped a $2 billion procurement project that was to give Adani control of the country's main airport and it shelved a 30-year, $736-million public-private partnership, signed by Adani Energy with its energy ministry in October.
Closer to home, Sri Lanka said it would investigate all Adani-related projects in the island nation, while Bangladesh is investigating power generation contracts signed under the previous prime minister, one of which was with Adani Power.
(Reporting by Hadeel Al Sayegh in Dubai, Shilpa Jamkhandikar in Mumbai and Nigam Prusty in New Delhi; Writing by Scott Murdoch, Chris Thomas; Editing by Alexander Smith)
((sumeet.chatterjee@thomsonreuters.com; +852 3462 7757;))
Bank Of India To Accept Bids Of 50 Bln Rupees For Issue Of Long Term Bonds
Nov 27 (Reuters) - Bank of India Ltd BOI.NS:
TO ACCEPT BIDS OF 50 BILLION RUPEES FOR ISSUE OF LONG TERM BONDS
Source text: [ID:]
Further company coverage: BOI.NS
Nov 27 (Reuters) - Bank of India Ltd BOI.NS:
TO ACCEPT BIDS OF 50 BILLION RUPEES FOR ISSUE OF LONG TERM BONDS
Source text: [ID:]
Further company coverage: BOI.NS
Bank Of India Sept-Quarter Net Profit 23.74 Bln Rupees
Nov 11 (Reuters) - Bank of India Ltd BOI.NS:
SEPT-QUARTER NET PROFIT 23.74 BILLION RUPEES
SEPT-QUARTER GROSS NPA 4.41%
SEPT-QUARTER NET NPA 0.94%
SEPT-QUARTER INTEREST EARNED 173.55 BILLION RUPEES
SEPT-QUARTER PROVISIONS & CONTINGENCIES 10.43 BILLION RUPEES
SEPT-QUARTER PROVISIONS FOR NPA 14.27 BILLION RUPEES
Source text: [ID:]
Further company coverage: BOI.NS
Nov 11 (Reuters) - Bank of India Ltd BOI.NS:
SEPT-QUARTER NET PROFIT 23.74 BILLION RUPEES
SEPT-QUARTER GROSS NPA 4.41%
SEPT-QUARTER NET NPA 0.94%
SEPT-QUARTER INTEREST EARNED 173.55 BILLION RUPEES
SEPT-QUARTER PROVISIONS & CONTINGENCIES 10.43 BILLION RUPEES
SEPT-QUARTER PROVISIONS FOR NPA 14.27 BILLION RUPEES
Source text: [ID:]
Further company coverage: BOI.NS
Bank Of India Revises One-Year MCLR To 9.00% From 8.95%, Effective Nov 1
Oct 31 (Reuters) - Bank of India Ltd BOI.NS:
BANK OF INDIA REVISES ONE-YEAR MCLR TO 9.00% FROM 8.95%, EFFECTIVE NOV 1
Source text: ID:nBSElQmKl
Further company coverage: BOI.NS
Oct 31 (Reuters) - Bank of India Ltd BOI.NS:
BANK OF INDIA REVISES ONE-YEAR MCLR TO 9.00% FROM 8.95%, EFFECTIVE NOV 1
Source text: ID:nBSElQmKl
Further company coverage: BOI.NS
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What does Bank Of India do?
Established in 1906, Bank of India offers a comprehensive range of banking products and services including deposits, loans, NRI banking, and online services. Known for introducing innovative products like NRI kits and regional website versions.
Who are the competitors of Bank Of India?
Bank Of India major competitors are Indian Overseas Bank, IDBI Bank, Bank of Maharashtra, CentralBank of India, UCO Bank, Punjab & Sind Bank, Canara Bank. Market Cap of Bank Of India is ₹63,396 Crs. While the median market cap of its peers are ₹49,203 Crs.
Is Bank Of India financially stable compared to its competitors?
Bank Of India seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Bank Of India pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Bank Of India latest dividend payout ratio is 19.31% and 3yr average dividend payout ratio is 20.04%
How has Bank Of India allocated its funds?
Company has been allocating majority of new resources to productive uses like advances.
How strong is Bank Of India balance sheet?
Latest balance sheet of Bank Of India is weak, and historically as well.
Is the profitablity of Bank Of India improving?
Yes, profit is increasing. The profit of Bank Of India is ₹9,687 Crs for TTM, ₹9,548 Crs for Mar 2025 and ₹6,564 Crs for Mar 2024.
Is Bank Of India stock expensive?
Bank Of India is expensive when considering the Price to Book, however latest PE is < 3 yr avg PE. Latest PE of Bank Of India is 6.46 while 3 year average PE is 7.81. Also latest Price to Book of Bank Of India is 0.73 while 3yr average is 0.62.
Has the share price of Bank Of India grown faster than its competition?
Bank Of India has given better returns compared to its competitors. Bank Of India has grown at ~5.64% over the last 10yrs while peers have grown at a median rate of 0.98%
Is the promoter bullish about Bank Of India?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Bank Of India is 73.38% and last quarter promoter holding is 73.38%.
Are mutual funds buying/selling Bank Of India?
The mutual fund holding of Bank Of India is decreasing. The current mutual fund holding in Bank Of India is 4.05% while previous quarter holding is 4.65%.