Bank of India has raised Rs 1,000 crore by issue of Basel-III compliant Tier-II Bonds (Series XIV) on March 27, 2017. The Bonds have been rated as AA (+) by Brickwork Ratings India and AA (+) by India Ratings & Research and bear coupon rate of 8% per annum.
The Bank has reported a net profit of Rs 101.72 crore for the quarter ended December 31, 2016, as compared to net loss of Rs 1505.58 crore for the same quarter in the previous year. Total income of the bank increased by 4.57% at Rs 11594 crore for quarter under review as compared to Rs 11086.95 crore for the quarter ended December 31, 2015.
| Company Name | CMP |
|---|---|
| State Bank Of India | 1045.15 |
| PNB | 107.85 |
| Bank Of Baroda | 279.25 |
| Canara Bank | 129.00 |
| Union Bank Of India | 174.80 |
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