Bank of India rises on signing MoU with IREDA
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Bank of India is currently trading at Rs. 48.95, up by 0.25 points or 0.51% from its previous closing of Rs. 48.70 on the BSE.
The scrip opened at Rs. 48.70 and has touched a high and low of Rs. 49.00 and Rs. 48.35 respectively. So far 26061 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 68.60 on 30-Aug-2021 and a 52 week low of Rs. 40.40 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 51.65 and Rs. 48.35 respectively. The current market cap of the company is Rs. 20045.92 crore.
The promoters holding in the company stood at 81.41%, while Institutions and Non-Institutions held 11.89% and 6.70% respectively.
Bank of India (BoI) has signed a Memorandum of Understanding (MoU) with Indian Renewable Energy Development Agency (IREDA) for co-lending, co-origination, and loan syndication for Renewable Energy projects. The MoU will empower IREDA and BoI to co-lend and co-originate for Renewable Energy projects including Small Hydro and Ethanol projects. Both organisations will also strive to fix interest rates for IREDA borrowings for a period of three to four years.
Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.
