Public sector main Financial institution of India is aiming to develop its deposits at a quicker tempo than credit score, and sustaining its credit-deposit (CD) ratio within the 78-79 per cent vary going forward, MD & CEO Rajneesh Karnatak tells businessline in an interview. Edited excerpts: Deposits rose quicker than advances sequentially. Is that this … Read more
Financial institution of India reported a ten per cent improve in first quarter internet revenue at ₹1,703 crore regardless of rise in non-tax provisions, together with for mortgage loss and normal belongings, as average development in internet curiosity earnings and write-back in provision for non-performing investments supported the bottomline. The general public sector financial institution … Read more
Financial institution of India (BoI) has paid ₹935.44 crore dividend for the monetary 12 months 2023-24 to Authorities of India. Rajneesh Karnatak, Managing Director & CEO, offered the dividend cheque on Wedneday to Union Finance Minister Nirmala Sitharaman. Smt @nsitharaman receives a dividend cheque of Rs 935.44 crore for FY 2023-24 from Shri Rajneesh Karnatak, … Read more
Financial institution of India (₹125.8) Buying and selling close to a help Financial institution of India’s inventory was range-bound because the starting of the yr. However in mid-Could, it slipped under the decrease boundary of ₹125. Whereas the worth fell put up this, the pattern has probably not turned bearish as there are essential helps which … Read more
Financial institution of India (BoI) reported a 62 per cent year-on-year (y-o-y) soar in third quarter standalone internet revenue at ₹1,870 crore towards ₹1,151 crore within the year-ago quarter. The general public sector financial institution’s bottomline was supported by a pointy decline in provision for non performing asset and write-back in provision for normal advances … Read more