Bank of India to focus retail and SME sector

04 Aug 2012 Evaluate

Bank of India (BOI) has decided to shift its focus from large and mid-corporates to retail as well as small and medium enterprises (SME) sector. Currently, large and mid-corporate business constitutes 64% of the bank’s overall portfolio and the same will be reduced to 50% over a period.

Recently, BOI and AXA Investment Managers Asia Holdings, a subsidiary of AXA Investment Managers, part of AXA Group has completed the formalities for acquisition of 51% of the equity stake of Bharti AXA investment Managers and Bharti AXA Trusteeship Services (Bharti AXA MF). The formalities for acquisition have been completed upon receipt of all regulatory approvals.

Bank Of India Share Price

102.95 -3.60 (-3.38%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
SBI 812.50
Bank Of Baroda 240.30
Canara Bank 99.65
PNB 100.70
Union Bank Of India 116.60
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.