Bank of India is one of a popular commercial bank. The headquarters of this bank at Bandra Kurla Complex, Mumbai. This is one of the top 5 banks in India. Bank of India was founded by a group of eminent businessmen from Mumbai, Maharashtra, India. The Bank was under private ownership and control when it was nationalized along with 13 other banks till July 1969. Let’s start with the company summary then we will move to the main section Bank of India Share Price. Besides Bank of India Share Price, there is news also.
About the company
Founded in 1906, Bank of India has been government-owned since nationalization in 1969. This bank has 5100 branches including 56 offices outside India. Which also includes five subsidiaries, five representative offices, and one joint venture. Bank of India is a founder member of the Society for Worldwide Inter Bank Financial Telecommunications (SWIFT), which facilitates the provision of cost-effective financial processing and communication services. The branches of this bank are controlled through 54 Zonal Offices. After almost 63 years from its establishment, in 1969, this Indian bank was transformed into a nationalized bank. Starting its operation with just fifty employees in a Mumbai based office. Bank of India has grown rapidly over these years. This bank has got a strong national as well as sizable international presence and is considered to be one of the premiers nationalized banks in India. Bank of India has 752 branches With more than 800,000 machines worldwide. ATMs have made hard cash just seconds away all throughout the day at every corner of the globe of Bank of India.
Company summary –
Beginning with one office in Mumbai, with a paid-up capital of Rs.5 million (US$70,000) and 50 employees of Bank of India. This Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. Bank of India is in the Banks which is Public Sector. Now, without any delay let’s move to the Bank of India Share Price.
Bank of India Share Price Graph
The Registered office of Bank of India is –
‘C-5, G’ Block,’, Bandra Kurla Complex,
Mumbai, Maharashtra – 400051.
The Registrars of this company are –
Bigshare Services Pvt. Ltd. 1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road, Marol,
Andheri (East), Mumbai – 400059,
Company financials :
The current market of this company capitalization stands at Rs 17,055.04 crore. Bank of India is listed on the BSE with a BSE Code of 532149 and the NSE with an NSE Code of BANKINDIA. Overall Domestic Business of Bank of India increased by 0.78% reached at Rs. 714,712 crores as on 31st March 2018 from Rs. 709,183 crore as on 31st March 2017. CASA deposits increased by 3.71% on Y-O-Y and Stood at Rs. 172,787 crores, SB deposits grew by 2.86% and CD by 8.86%. The share of low-cost deposits (CASA), in domestic deposits improved from 39.84% as on 31st March 2017 to 41.43% as on 31st March 2018. Total deposits decreased by 0.53% and stood at Rs. 421,211 crores. Advances registered a growth of 2.72% from Rs. 285,725 crores to Rs. 293,500 crores.
Priority Sector lending constituted 40.80% of Adjusted Net Bank Credit and the share of Agricultural Credit to Adjusted Net Bank Credit was 18.58%. Retail Credit grew by 19.25% from Rs 40,098 crores to Rs 47,817 crores. Overseas business has de-grown by 18.92% and stood at Rs. 182,138 crores as on 31.03.2018 compared to Rs. 224,637 crore as on 31st March 2017. Global Business of the Bank stood at Rs.896,850 crore as on 31st March 2018 against Rs.933,820 crore as on 31.03.2017. The de-growth of 3.96% in business level has been as a result of the conscious decision of the Bank to rationalize its overseas exposure. Total deposits decreased by 3.55% and stood at Rs. 520,854 crores. Advances decreased by 4.52% and stood at Rs. 375,995 crores. Operating profit at Rs.7139 crores and Net loss at Rs.6044 crores. Capital Adequacy Ratio at 12.94% as against 10.875% prescribed by RBI (under Basel III). Net Worth at Rs.18992 crores declined by 4.60% over 31st March 2017.
The Board of Directors of the company :
- G Padmanabhan is the Chairman of this company.
- Dinabandhu Mohapatra is the Managing Director and CEO of the company.
- A K Das is an Executive Director of this company.
- N Damodharan is one of the Executive Director of this company.
- C G Chaitanya is another Executive Director of this company.
- Veni Thapar is the Director of this company.
- D Sarkar is a Shareholder Director of this company.
- D Harish is another Shareholder Director of this company.
- R Sebastian is the Nominee Director of this company.
- Dakshita Das is the Government Nominee Director of this company.
Name of the Shareholder belonging to the category – “Public and holding more than 1% of the Total No.of Shares” :
- Bodies Corporate
- Life Insurance Corporation Of India u0026amp; GS Fund
- Clearing Members
- Non-Resident Indian (NRI)
- Overseas corporate bodies
News of the company :
Let’s get into the last section of the content Bank of India Share Price. In the dated 27th December 2018, Bank of Maharashtra, Central Bank of India, United Bank of India, UCO Bank, Corporation Bank, and Dena Bank were up 2% to 7% on NSE. In the dated 24th December 2018, Bank of India, Oriental Bank of Commerce, Union Bank of India, Canara Bank, BOB, PNB, Indian Bank and SBI were up in the range of 1% to 4% on the NSE. In the dated 20th December 2018, Qualitative pick-up in loan growth essential factor in reducing costs and strengthening the balance sheet. In past six trading days, Nifty PSU Bank index up 7% against 3% rise in the benchmark index on 18th December 2018.
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