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Bank of India allots 1.75 crore shares to LIC

14 Jun 2017 Evaluate

Bank of India has allotted 1,75,00,000 fresh equity shares of Rs 10 each on preferential basis to Life Insurance Corporation of India (LIC) at a price of Rs 126.81 per share.

The Bank has reported a net loss of Rs 1045.54 crore for the quarter ended March 31, 2017 as compared to a net loss of Rs 3587.11 crore for the same quarter in the previous year. However, total income of the Bank increased by 8.35% at Rs 12335.71 crore for quarter under review as compared to Rs 11384.91 crore for the quarter ended March 31, 2016.  


Peers
Company Name CMP
State Bank Of India 952.00
PNB 116.25
Bank Of Baroda 232.35
Canara Bank 121.30
Union Bank Of India 171.60
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