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BANK OF INDIA - 532149 - Appointment Of Shri B. Kumar Chief Financial Officer (CFO) W.E.F. 01 St June, 2023.

Appointment of Shri B. Kumar Chief Financial Officer (CFO) w.e.f. 01 st June, 2023.
01-06-2023

J'Khand credit-deposit ratio at 45%, plan to increase it to 50% soon: SLBC

Concerned about Jharkhand's low credit-deposit ratio at 45 per cent, the state-level bankers' committee on Wednesday decided to take it to 50 per cent by the quarter ending September 2023 of the current fiscal. The SLBC was headed by Bank of India Managing Director and CEO Rajneesh Karnatak. "All banks are committed to the economic growth of Jharkhand...There is a plan for improving the CD ratio. This year, it has improved by 6 per cent on a year-on-year basis. There are individual credit plans for all the banks, including 12 per cent for the Bank of India (BoI)," Karnatak said. The credit-deposit ratio in the state was recorded at 45.07 per cent on March 31, 2023, as against 42.37 per cent by the end of the previous fiscal, registering an increase of 6.37 per cent. According to the RBI guidelines, the CD ratio can be much higher and can reach 77-78 per cent but the reason for the state's low credit to deposit proportion is "primarily due to absence of manufacturing here though...
01-06-2023

India extends $1 billion credit line to Sri Lanka by another year

India on Tuesday extended its USD 1 billion credit line to Sri Lanka by another year to help the island nation hit hard by an unprecedented economic crisis procure much-needed food, medicine and other essential items. An agreement was signed between the State Bank of India (SBI) and the Sri Lankan government for USD 1 billion credit facility in March last year. India extended the credit line to Sri Lanka at the height of the country's economic crisis. "India reaffirms its commitment to the people of Sri Lanka. The Amendment Agreement signed in presence of Hon.Minister @ShehanSema today will enable Sri Lanka to use the USD 1 billion Indian credit facility for the procurement of medicine, food, and other essentials for one more year," the Indian High Commission in Sri Lanka tweeted. "Beyond the original duration, that is, till March 2024. The facility was extended by India through @TheOfficialSBI in response to a specific request from GOSL and forms a part of the multi-pronged...
30-05-2023
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BANK OF INDIA - 532149 - Intimation Of Analyst/Investor Meet On 29.05.2023

Intimation of Analyst/Investor Meet on 29.05.2023
29-05-2023
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BANK OF INDIA - 532149 - Intimation Of Analyst/Investor Meet On 29.05.2023

Intimation of Analyst/Investor Meet on 29.05.2023
29-05-2023

Bank of India lowers peak interest rate, offers 7% for one-year deposits

The deposit rate for senior citizens for 1-year is 7.5% and 7.65% for super-senior citizens
26-05-2023
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BANK OF INDIA - 532149 - Intimation Of Record Date For The Purpose Of Dividend

Intimation of Record Date for the purpose of Dividend
25-05-2023
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