Bank of India gets nod to raise funds aggregating Rs 1,000 crore

01 Nov 2013 Evaluate

Bank of India has received an approval for raising of Tier-1 capital by issue of fresh equity shares to the Government of India (Promoters) aggregating Rs 1,000 crore including premium amount, on preferential basis, subject to necessary approvals. The board of directors at its meeting held on October 31, 2013 has approved for the same.

The bank has reported over two fold jump in its net profit at Rs 621.77 crore for the quarter ended September 30, 2013 as compared to Rs 301.85 crore for the same quarter in the previous year. Total income of the bank increased by 16.18% at Rs 10339.55 crore for quarter under review as compared to Rs 8899.55 crore for the quarter ended September 30, 2012.

Gross non-performing assets (NPAs) have improved to 2.93% in the July-September quarter as against 3.42% in the same quarter previous year, while net NPAs too decreased to 1.85%.

Bank Of India Share Price

102.45 -0.50 (-0.49%)
23-Dec-2024 15:48 View Price Chart
Peers
Company Name CMP
SBI 820.95
Bank Of Baroda 246.50
Canara Bank 101.10
PNB 101.35
Union Bank Of India 119.20
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.