In an interview to CNBC-TV18, VR Iyer, CMD, Bank of India, said that in the wake of rising instances of loans going bad, the finance ministry has written to all banks asking them to be cautious.
We are not facing any operational challenges with respect to Bhushan Steel
VR Iyer
CMD
BoI
The PSU banks have been in the news of late for all the wrong reasons. Besides the ghost of bad loans which continue to haunt them, there have been instances of bribery and corruption too.
In an interview to CNBC-TV18, VR Iyer, CMD, Bank of India , said the finance ministry has written to all banks asking them to be cautious. She feels the banks will now have to work towards setting all deficiencies right.
Bank of India is also one of the bankers to Bhushan Steel . However Iyer said that they are not facing any operational challenges with respect to Bhushan.
Bank of India stock price
On August 21, 2014, at 14:10 hrs Bank Of India was quoting at Rs 288.90, up Rs 12.00, or 4.33 percent. The 52-week high of the share was Rs 356.75 and the 52-week low was Rs 126.95.
The company's trailing 12-month (TTM) EPS was at Rs 39.98 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 7.23. The latest book value of the company is Rs 465.37 per share. At current value, the price-to-book value of the company is 0.62.
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