MoneyWorks4Me

Bank of India seeks fresh bids for selling stake in STCI Finance: Report

18 Dec 2017 Evaluate

Bank of India (BoI) is reportedly seeking fresh bids for selling its stake in STCI Finance, as bids in the previous round were below its expectation. The bank is selling strategic investments to strengthen its capital adequacy.

STCI is a non-deposit taking non-banking finance company. Other institutional investors in it include State Bank of India with 10.32 per cent and IDFC Bank with a 9.29 per cent stake.

Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.

Peers
Company Name CMP
State Bank Of India 947.75
PNB 115.70
Bank Of Baroda 231.50
Canara Bank 121.45
Union Bank Of India 171.30
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