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Bank of India is currently trading at Rs. 125.95, down by 4.40 points or 3.38% from its previous closing of Rs. 130.35 on the BSE.

The scrip opened at Rs. 130.95 and has touched a high and low of Rs. 132.70 and Rs. 125.65 respectively. So far 499129 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 156.35 on 02-Feb-2024 and a 52 week low of Rs. 67.00 on 27-Mar-2023.

Last one week high and low of the scrip stood at Rs. 149.40 and Rs. 125.40 respectively. The current market cap of the company is Rs. 57386.38 crore.

The promoters holding in the company stood at 73.38%, while Institutions and Non-Institutions held 18.96% and 7.66% respectively.

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,40,76,000 on Bank of India for non-compliance with certain directions issued by RBI on ‘Interest Rate on Deposits’, ‘Customer Service in Banks’, ‘Interest Rate on Advances’, ‘Central Repository of Information on Large Credits (CRILC) - Revision in Reporting’, and ‘Membership of Credit Information Companies (CICs)’ and contravention of provisions of Credit Information Companies Rules, 2006 (CIC Rules). 

This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51(1) of the Banking Regulation Act, 1949 and section 25(1)(iii) read with section 23(4) of the Credit Information Companies (Regulation) Act, 2005.

The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transactions or agreement entered into by the bank with its customers. Further, imposition of monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.