The MoU signing ceremony was held at Sabhagriha, Rail Sadan, Bhubaneswar, in the presence of senior officers of East Coast Railway and representatives from Bank of India.
The Supreme Court of England and Wales has approached the Delhi High Court seeking judicial assistance in a loan default dispute case involving Nirav Modi, Bank of India, and Firestar Diamond FZE.
The MoU was signed in the presence of Chief Minister Hemant Soren at the Jharkhand Secretariat.
The decision came after a forensic audit to track the money transaction trail was undertaken by BDO India on behalf of the Bank of India.
As per the statement released by company’s spokesperson, the action by Bank of India to classify the loan account of Reliance Communications Limited (RCom) along with Anil Ambani, pertains to matters dating back more than 10 years, as per disclosures and records available in the public domain.
Hours after the Reserve Bank of India (RBI) announced a 25 basis points cut in the repo rate, two major public sector banks -- Bank of India and UCO Bank on Wednesday reduced their lending rates, bringing relief to both existing and new borrowers.
The bank is planning for further expansion of the branch network during the current as well as next financial year & expecting sizable business through these branches.
The managing director & CEO of Bank of India, Rajneesh Karnatak visited Barasat & Howrah zonal offices on 17-18 October.
Bank of India has entered into an MoU with the Coal India Limited, a Maharatna Company for providing Salary account facilities to the employees of Coal India Limited and its subsidiaries.
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.
