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The Latest Breaking News from Bank of India

Highest 3-year FD interest rates for senior citizens: These banks offer 8% interest rate on fixed deposits

Senior citizens seeking higher returns on their retirement savings can explore 3-year Fixed Deposit options. Small finance banks like Jana and Utkarsh lead with 8% interest, while private banks such as Bandhan and YES Bank offer up to 7.75%. Public sector banks, including Bank of India and Standard Chartered, provide…

The Economic Times

Nirav Modi appears in person to fight Rs 100 crore Bank of India case in London

Fugitive jeweller Nirav Modi appeared in a London court to contest a Rs 100 crore claim by Bank of India. The bank seeks repayment of a loan to his company, Firestar Diamond, for which Modi provided a personal guarantee.

The Times of India

Judge warns Nirav Modi of ‘abuse of court process’ as he dismisses eleventh hour applications ahead of Bank of India trial

Fugitive diamond merchant Nirav Modi's bid to delay his trial against the Bank of India in London has been rejected. The court refused to adjourn the $8 million loan case, citing a pattern of delay. Modi, appearing from prison, also failed to amend his defence at the last minute, with…

The Times of India

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CPI(M) slams I-T dept.’s overzealousness in freezing party accounts

CPI(M) State Secretary condemns Bank of India's error leading to illegal freezing of party accounts, vows transparency.

The Hindu

Bank manager, four others convicted by CBI court

The CBI Special Court of Dharwad convicted a bank manager, director of a trading company, chartered accountant, and two others in the case of defrauding Bank of India to the tune of ₹90 lakh.

The Hindu

Fixed Deposit rates at 7.5%: Who is offering the best FD rate right now?

After a 225 basis points repo rate hike by the Reserve Bank of India (RBI) in the last seven months, banks have started passing on the benefits of the rate hike to fixed deposit holders.

The Times of India

Bank of India with PFRDA launches platform for opening NPS account via mobile phone

NEW DELHI: Bank of India along with pension fund regulator PFRDA on Friday launched a digital platform which will allow customers to open NPS accounts using mobile phones.

The Times of India

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The scam faultline is damaging Indian banking

More steps to prevent frauds are needed which include tightening the internal and external audit systems of banks

The Hindu

RBI imposes penalties on Federal Bank, Bank of India

MUMBAI: Reserve Bank of India (RBI) on Friday said it has imposed a penalty of Rs 5.72 crore on Federal Bank for deficiencies in regulatory compliance.

The Times of India

Auto, home and personal loans become expensive with banks raising rates

NEW DELHI: Auto, home and personal loans have become costlier with banks and other financial institutions increasing interest rates following the repo rate hike by RBI on Wednesday.

The Times of India

Auto, home, personal loans become expensive with banks raising rates

A number of national banks have raised lending rates for their customers after RBI raised the benchmark repo rate by 50 basis points

The Hindu

Ahmedabad: Student held with Rs 1.98 lakh in fake notes

AHMEDABAD: The city crime branch on Monday busted a fake currency notes racket with the seizure of 98 counterfeit notes of Rs 2,000 denomination with a face value of Rs 1.96 lakh, and arrested one person.

The Times of India

Faced with judicial orders against opaque Look Out Circulars, govt moves SC to preserve its secrecy

The opaque system under which LOCs are issued is such that a person will not be able to know if such a circular exists against him or her till they have booked ticket and reached airport

The Hindu

Gold loan on fake papers: More FIRs against Panchkula-based jeweller

PANCHKULA: After the name of Deepak Bhola, a Panchkula-based goldsmith came to light in cases of people getting gold loans from Bank of India on the basis of fake documents, three more cases involving the same jeweller have surfaced. Bhola helped three other persons get gold loans worth Rs 32.35…

The Times of India

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The Times of India

How a creditor revolt scuttled Mukesh Ambani’s $3.2 billion retail deal

NEW DELHI: The preferential treatment of bondholders riled banks enough to reject a $3.2 billion rescue deal from one of Asia’s richest men for a debt-laden unprofitable retail chain, according to people familiar with the matter.

The Times of India

Bank of India moves NCLT against Future Retail, files insolvency plea

NEW DELHI: Bank of India has moved the National Company Law Tribunal (NCLT), filing a petition to initiate insolvency proceedings against debt-ridden Future Retail Ltd.

The Hindu

Bank of India opens new zonal office in Thiruvananthapuram

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