Tag
Bank of India
7 articles
Bank of India's recent performance reveals a mixed picture of financial strength and ongoing legal challenges. The bank reported a robust 36% year-over-year increase in Q1 net profit, fueled by strong net interest income growth and improved asset quality, alongside plans to raise ₹7,500 crore through debt instruments to support further expansion. However, Bank of India faces legal headwinds, with appeals related to insolvency proceedings against debtors like Sukriti Hospital and S.B. Jadhav adjourned in the Supreme Court, indicating continued uncertainty regarding asset recovery. Furthermore, the auditor's disclaimer on Tijaria Polypipes' financial results due to material uncertainties, including a significant NPA exposure for Bank of India, highlights ongoing credit risk management concerns.
Bank of India Q2 FY27 Provisional Business Growth
Bank of India reports provisional Q2 FY27 business growth with global deposits up 21.60% YoY to ₹10.37 lakh crore.
Global gross advances increased 20.43% YoY to ₹8.54 lakh crore, while domestic deposi
NCLAT Adjourns Vasan Construction Liquidation Appeals
NCLAT Chennai adjourns two appeals by Bank of India and Canara Bank against Vasan Construction's liquidator.
Appellant's counsel informs tribunal of a change in the appointed liquidator for the corpor
Bank of India Tirupur Surya Textiles Liquidation Appeal Adjourned
NCLAT Chennai lists Bank of India's appeal against Tirupur Surya Textiles liquidator for hearing on 21 December 2026.
The appeal challenges actions or decisions of the liquidator, CA GV Ravikumar, in
Bank of India Insolvency Appeal Hearing Postponed
NCLAT Chennai postpones hearing for Bank of India's insolvency appeal to December 2026.
Appeal involves liquidator CA GV Ravikumar and Tirupur Surya Textiles Pvt Ltd.
No appearance was recorded from t
Bank of India Appeal: Submissions Due in 7 Days
Supreme Court heard Bank of India vs S.M. Kamal Pasha appeal on 30 Sep 2026, covering delay condonation, extra documents, stay.
Court reserved judgment and directed parties to submit written arguments
Bank of India Virtual Investor Meeting with Marshall Wace
Bank of India executives held a one-on-one virtual meeting with Marshall Wace Asia on September 30, 2026.
The meeting was disclosed under SEBI LODR Regulation 30 as a mandatory investor/analyst engage
Bank of India Q1 Net Profit Up 36% YoY
Bank of India reported a 36.23% YoY rise in Q1 FY27 net profit to ₹3,068 crore, driven by 12.61% growth in net interest income.
Global business crossed ₹17.50 lakh crore with 16.57% YoY growth, while