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Bank of India to get Rs 1993 crore from Tata Steel-Bhushan Steel deal

21 May 2018 Evaluate

Bank of India (BoI) would be able to realise around Rs 1993 crore from the first successful NCLT resolution concerning Tata Steel and Bhushan Steel. The amount would not include hair-cuts. The realisation of the amount would lead to NPA reduction and increase profitability of the bank.

In the first list of 12 accounts sent to NCLT for resolution under Insolvency and Bankruptcy Code (IBC), the bank’s exposure was Rs 8300 crore. In the second list of 27 accounts, the exposure was Rs 3000 crore.

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

Bank Of India Share Price

143.00 -1.70 (-1.17%)
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Company Name CMP
State Bank Of India 1043.30
PNB 107.45
Bank Of Baroda 276.40
Canara Bank 127.20
Union Bank Of India 174.80
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