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Bank of India planning to put in place mobile-based lending platform to grow RAM portfolio: Report

08 Mar 2022 Evaluate

Bank of India (BoI) is reportedly planning to put in place a mobile-based lending platform to grow its RAM (retail, agriculture and micro, small & medium enterprises) portfolio from about 54 per cent of total domestic loans to 65 per cent in two years. The bank is developing a tech-stack for enhancing its digital banking presence.

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 993.50
PNB 118.25
Bank Of Baroda 237.00
Canara Bank 125.80
Union Bank Of India 179.60
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