Bank of India floats wholly owned subsidiary

Bank Of India | Bank - Public | BFSI | BSE: 532149 | NSE: BANKINDIA

03 Nov 2014 Evaluate

Bank of India has floated a wholly owned subsidiary company namely -- BOI Merchant Bankers. It will undertake the business activity after regulatory approvals.

The bank’s net profit for first quarter ended June 30, 2014 declined by 16.43% at Rs 805.69 crore as compared to Rs 964.18 crore for the quarter ended June 30, 2013. However, the bank’s total income has increased by 16.52% to Rs 11328.73 crore for the quarter under review from Rs 9722.01 crore for the corresponding quarter of the previous year.

Peers

Company Name	CMP
State Bank Of India	993.50
PNB	118.25
Bank Of Baroda	237.00
Canara Bank	125.80
Union Bank Of India	179.60
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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