Bank of India reports 20% fall in Q2 consolidated net profit

Bank of India

Bank of India has reported results for second quarter ended September 30, 2022. The bank has reported fall of 8.66% in its net profit at Rs 960.00 crore for Q2FY23 as compared to Rs 1,050.98 crore for the corresponding quarter previous year. However, total income of the bank increased by 10.77% to Rs 12,914.72 crore … Read more

Govt to invest Rs 10,086 crore in Bank of India via preferential allotment

Government of India has conveyed its decision to invest Rs 10,086 crore in the equity of Bank of India (BoI) by way of preferential allotment. Further, Board of Directors of the Bank would be considering by way of circular resolution on or after January 02, 2019 the proposal for raising capital by this infusion and … Read more

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