Tag: Bank of India

Bank of India raises ₹2,690 crore through Infra Bonds

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Bank of India raises ₹2,690 crore through Infra Bonds

Bank of India said it has raised 10 years Infrastructure Bonds of ₹2,690 crore @ 7.50% p.a, through NSE Electronic Bidding Platform.  The Base Issue size was ₹1,500 crore with Green Shoe option of ₹3,500 crore.  “Bank received total of 94 bids amounting to ₹8,845 crore, 5.90 times of the Base issue size. Bank accepted…

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Business

Bank of India Q3 net profit surges 35% to ₹2,517 crore 

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Bank of India Q3 net profit surges 35% to ₹2,517 crore 

Bank of India for the third quarter ended December 31, 2024 reported 35% growth in net profit at ₹2,517 crore as compared with ₹1,870 crore in the year ago period. During the quarter the bank’s Net Interest Income (NII) increased by 11% Year on Year (YoY) to ₹6,070 crore. Net Interest Margin (NIM) was lower…

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