The CBI today arrested two senior retired officers of Bank of India in connection with alleged loan fraud of Rs 2,654 crore by Vadodara-based Diamond Power Infrastructure Ltd. (DPIL) in the bank.
Globally, a majority of Chief Financial Officers (CFOs) say their company suffered reduced earnings in the last two years due to "avoidable and unhedged" forex risk, according to HSBC report.
BoI increased its marginal cost of funds based lending rates (MCLR) by 10 basis points (bps) across various tenures, just two days after a hike in repo rate by the RBI.
State-run lender Bank of India (BOI) is expecting its business to grow 8-10 per cent in the current fiscal, an official said here on Saturday.
President Ram Nath Kovind and Prime Minister Narendra Modi on Saturday greeted the nation on the occasions of Ambedkar Jayanti and harvest festivals.
The CBI said it is examining two officials of overseas branches of an Indian bank in connection with its ongoing probe into the Rs 13,500 crore PNB fraud case.
Bank of India has recovered Rs 7,000 cr worth Standby Letters of Credit in the last two months and the balance of Rs.2,000 crore would be recovered in another two months.
The gross non-performing assets, or bad loans, in the Indian banking system amounted to Rs 8,40,958 crore in December, Parliament was told.
Suburan train services on the Western line were affected this morning following detection of a rail fracture, police said.
BoIhas deferred the Rs 3,000-crore capital raising plan through private placement of equity shares after the government's move to infuse Rs 2,257 crore capital into it.