Bank of India is currently trading at Rs. 50.30, up by 3.25 points or 6.91% from its previous closing of Rs. 47.05 on the BSE.
The scrip opened at Rs. 50.25 and has touched a high and low of Rs. 51.65 and Rs. 49.80 respectively. So far 503117 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 81.40 on 23-Jul-2019 and a 52 week low of Rs. 30.45 on 13-Mar-2020.
Last one week high and low of the scrip stood at Rs. 51.65 and Rs. 45.10 respectively. The current market cap of the company is Rs. 16548.46 crore.
The promoters holding in the company stood at 89.10%, while Institutions and Non-Institutions held 6.18% and 4.72% respectively.
Bank of India (BoI) is planning to launch IT-enabled solutions to track ‘early warning signals’ and ‘enterprise wide fraud risk management’. The focus of the bank during the course of the current financial year (FY21) would be on technology upgradation and digitization.
The bank also proposes to launch project ‘Star Mahashakti’, thus upgrading the technology platform from Finacle 7 to Finacle 10. The Project ‘Star Mahashakti’, which is already in process, will be rolled out during FY2020-21.
Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.
