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All-time low beckons for rupee on slide in yuan, rally in dollar index  The Indian rupee is likely to open at a lifetime low on Tuesday, weighed by the rally in the dollar index and the slump in the Chinese yuan in the wake of Donald Trump's victory in the U.S. Presidential election. The 1-month non-deliverable forward indicated that the rupee will open at 84.40-84.42 to the U.S. dollar, inching past the all-time low of 84.3925 hit on Monday. The rupee has been making all-time lows after Trump's U.S. election victory. The rupee would likely...
All-time low beckons for rupee on slide in yuan, rally in dollar index
All-time low beckons for rupee on slide in yuan, rally in dollar index
Source: IANS
2024-11-12 09:31:02 am
Scheduled commercial banks, NBFCs to give additional MSME credit of Rs 1.54 lakh cr: FM The government has set the target for all scheduled commercial banks and NBFCs for providing additional MSME credit of Rs 1.54 lakh crore in the current financial year (FY25).  The banks and NBFCs should aim at total credit growth of Rs 5.75 lakh crore, Rs. 6.21 lakh crore and Rs 7 lakh crore to MSMEs in the financial year 2024-25, 2025-26 and 2026-27 respectively, according to Finance Minister Nirmala Sitharaman. At the ‘National MSME Cluster Outreach’ programme here, ...
Scheduled commercial banks, NBFCs to give additional MSME credit of Rs 1.54 lakh cr: FM
Scheduled commercial banks, NBFCs to give additional MSME credit of Rs 1.54 lakh cr: FM
Source: IANS
2024-11-10 10:43:35 am
Bank of India Launched 333 Days - Star Dhan Vriddhi Fixed Deposit at 7.90% p.a. in Retail Term Deposit Bank of India, one of the leading public sector banks in India, has launched its very attractive 333 Days “Star Dhan Vriddhi Fixed Deposit” offering Rate of Interest as high as 7.90% p.a. for Super Senior Citizen. The 333 Days Trinity Fixed Deposit is offered at a Rate of 7.75% p.a. for Senior Citizen and 7.25% p.a. for others. Loan against Fixed Deposit and Premature Withdrawal facility is also available. Customers can visit any Bank of India branch or use the...
Bank of India Launched 333 Days - Star Dhan Vriddhi Fixed Deposit at 7.90% p.a. in Retail Term Deposit
Bank of India Launched 333 Days - Star Dhan Vriddhi Fixed Deposit at 7.90% p.a. in Retail Term Deposit
Source: PR Agency
2024-09-03 12:56:59 pm
Minimum account balance rules not applicable to PM Jan Dhan & saving accounts: FM Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman on Wednesday said that minimum account balance rules do not apply to PM Jan Dhan and basic saving accounts. “Minimum account balance rule does not apply to PM Jan Dhan accounts and basic savings accounts. It applies only to those bank accounts where customers are required to maintain a certain minimum balance in their accounts,” the Finance Minister said in response to a question in Rajya Sabha on the penalty of Rs 8,500 crore collected...
Minimum account balance rules not applicable to PM Jan Dhan & saving accounts: FM Nirmala Sitharaman
Minimum account balance rules not applicable to PM Jan Dhan & saving accounts: FM Nirmala Sitharaman
Source: IANS
2024-08-07 12:26:48 pm
Bank of India falls despite reporting 21% rise in Q1 consolidated net profit Bank of India is currently trading at Rs. 122.00, down by 4.15 points or 3.29% from its previous closing of Rs. 126.15 on the BSE. The scrip opened at Rs. 124.95 and has touched a high and low of Rs. 124.95 and Rs. 119.55 respectively. So far 1614656 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 158.00 on 30-Apr-2024 and a 52 week low of Rs. 83.05 on 07-Aug-2023. Last one week high and low of the scrip stood ...
Bank of India falls despite reporting 21% rise in Q1 consolidated net profit
Bank of India falls despite reporting 21% rise in Q1 consolidated net profit
Source: Accord Fintech
2024-08-05 02:30:22 pm
Bank of India clocks 10 pc rise in Q1 net profit at Rs 1,703 crore Government-owned Bank of India on Saturday reported a 10 per cent increase in its net profit to Rs 1,703 crore in the April-June quarter of the current financial year, compared to Rs 1,551 crore in the same quarter last year. Net Interest Income (NII), a key indicator of core income, posted a 6.1 per cent rise, to touch Rs 6,275.8 crore, from Rs 5,914 crore in the same quarter last year. Bank of India also reported an improvement in its asset quality during the first quarter with Gross ...
Bank of India clocks 10 pc rise in Q1 net profit at Rs 1,703 crore
Bank of India clocks 10 pc rise in Q1 net profit at Rs 1,703 crore
Source: IANS
2024-08-04 08:43:11 am
Reserve Bank of India to hold rates in August, first cut in Q4 The Reserve Bank of India (RBI) will keep interest rates steady for a ninth straight meeting in August due to persistently high inflation, with a slim majority of economists in a Reuters poll expecting the first rate cut next quarter. A sharp spike in food prices drove inflation in Asia's third-largest economy to a five-month high of 5.08% in June, well above the RBI's 4% medium-term target, suggesting the central bank will be wary of easing monetary policy too soon. With gross ...
Reserve Bank of India to hold rates in August, first cut in Q4
Reserve Bank of India to hold rates in August, first cut in Q4
Source: Reuters
2024-07-31 09:23:37 am
Tata Power Company sparkles after its step down arm partners with Bank of India Tata Power Company is currently trading at Rs. 444.00, up by 21.60 points or 5.11% from its previous closing of Rs. 422.40 on the BSE. The scrip opened at Rs. 431.25 and has touched a high and low of Rs. 446.20 and Rs. 430.00 respectively. So far 1583868 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 464.30 on 03-May-2024 and a 52 week low of Rs. 220.00 on 28-Jul-2023. Last one week high and low of the scrip st...
Tata Power Company sparkles after its step down arm partners with Bank of India
Tata Power Company sparkles after its step down arm partners with Bank of India
Source: IANS
2024-07-26 05:24:39 pm
Bank of India trades higher on reporting 9% rise in global deposits during Q1FY25 Bank of India is currently trading at Rs. 123.15, up by 2.25 points or 1.86% from its previous closing of Rs. 120.90 on the BSE. The scrip opened at Rs. 121.50 and has touched a high and low of Rs. 123.85 and Rs. 121.00 respectively. So far 243718 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 158.00 on 30-Apr-2024 and a 52 week low of Rs. 76.71 on 14-Jul-2023. Last one week high and low of the scrip stood at ...
Bank of India trades higher on reporting 9% rise in global deposits during Q1FY25
Bank of India trades higher on reporting 9% rise in global deposits during Q1FY25
Source: Accord Fintech
2024-07-09 10:52:59 am
Bank of India falls after RBI imposes monetary penalty 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 a...
Bank of India falls after RBI imposes monetary penalty
Bank of India falls after RBI imposes monetary penalty
Source: Accord Fintech
2024-03-15 12:57:35 pm
Bank of India reports Net Profit increased by 62% YoY to Rs.1,870 Cr. KEY HIGHLIGHTS (Q2FY24)   * Net Profit increased by 62% YoY to Rs.1,870 Cr. * Operating Profit stood at Rs.3,004 Cr for Q3FY24 against Rs.3,652 Cr in Q3FY23 and Rs.3,756 Cr in Q2FY24.  * Net Interest Income (NII) stood at Rs.5,463 Cr for Q3FY24 against Rs.5,595 Cr for Q3FY23 and Rs.5,740 Cr in Q2FY24.  * Yield on Advances (Dom.) improved by 53 bps YoY.    Gross NPA ratio down by 231 bps YoY. * Net NPA ratio down by 20 bps YoY. * Provisio...
Bank of India reports Net Profit increased by 62% YoY to Rs.1,870 Cr.
Bank of India reports Net Profit increased by 62% YoY to Rs.1,870 Cr.
Source: PR Agency
2024-02-03 12:21:37 pm
Bank of India surges on reporting 9% rise in total deposits during Q3FY24 Bank of India is currently trading at Rs. 121.15, up by 3.00 points or 2.54% from its previous closing of Rs. 118.15 on the BSE. The scrip opened at Rs. 120.75 and has touched a high and low of Rs. 121.80 and Rs. 120.20 respectively. So far 848960 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 122.35 on 05-Jan-2024 and a 52 week low of Rs. 66.05 on 27-Feb-2023. Last one week high and low of the scrip stood at ...
Bank of India surges on reporting 9% rise in total deposits during Q3FY24
Bank of India surges on reporting 9% rise in total deposits during Q3FY24
Source: Accord Fintech
2024-01-11 12:42:49 pm
Bank of India surges on reporting 97% rise in Q2 consolidated net profit Bank of India is currently trading at Rs. 101.23, up by 2.19 points or 2.21 % from its previous closing of Rs. 99.04 on the BSE. The scrip opened at Rs. 101.40 and has touched a high and low of Rs. 101.99 and Rs. 100.10 respectively. So far 705572 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 114.02 on 20-Sep-2023 and a 52 week low of Rs. 65.20 on 04-Nov-2022. Last one week high and low of the scrip stood at ...
Bank of India surges on reporting 97% rise in Q2 consolidated net profit
Bank of India surges on reporting 97% rise in Q2 consolidated net profit
Source: Accord Fintech
2023-11-06 02:29:48 pm
Bank of India signs MoU with REC Limited to co-finance loans amounting to Rs30,000 crore Bank of India (BOI) signed an MoU with REC Limited to jointly explore the possibilities of funding projects in sectors such as Power, Infrastructure and Logistics under a consortium arrangement. BOI and REC will join hands to co-finance loans amounting to Rs30,000/- crore over the next few years. Esteemed members such as Shri T.S.C. Bosh, Executive Director (Infra & Logistics), REC and Shri Nitin G. Deshpande, CGM (Corporate Credit), BOI signed the MoU in the presence of Shri Vivek K...
Bank of India signs MoU with REC Limited to co-finance loans amounting to Rs30,000 crore
Bank of India signs MoU with REC Limited to co-finance loans amounting to Rs30,000 crore
Source: PR Agency
2023-10-19 03:22:17 pm
ITI best performing small cap stock during the week ITI was the best performing small cap stock during the week in the Nifty 250 Small Cap Index with a gain of 57.9 per cent, as per a research by Nuvama Wealth Management.Brightcom Group was up 26.4 per cent, IOB was up 20.4 per cent, Central Bank was up 19.8 per cent, SJVN was up 17.7 per cent in the Nifty 250 Small Cap Index.The worst performers were Bharat Dynamics down 10.7 per cent, NCC down 8.7 per cent, Cochin Shipyard down 8.5 per cent.In the Nifty 150 Midcap Index, Bank of India was th...
ITI best performing small cap stock during the week
ITI best performing small cap stock during the week
Source: IANS
2023-09-16 02:07:42pm