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Apr 25, 2024 · Bank of India Entity featured on Fitch Ratings. Credit Ratings, Research and Analysis for the global capital markets.
- Bank of India - Fitch Ratings
Government Support-Driven IDR: Bank of India’s (BOI)...
- Fitch Revises Outlook on 9 Indian Banks' IDRs to Stable ... - Fitch Ratings
Key Rating Drivers. The rating actions follow Fitch's...
- Bank of India - Fitch Ratings
Apr 25, 2024 · Government Support-Driven IDR: Bank of India’s (BOI) Long-Term Issuer Default Rating (IDR) and the Government Support Rating (GSR) are at the same level as India's sovereign rating, reflecting Fitch Ratings’ view of a high probability of extraordinary state support for the bank, if required.
Oct 21, 2022 · BOI's GSR is the same as India's sovereign rating, reflecting a high probability of extraordinary state support for the bank, if required, given the state's 81% controlling ownership, BOI's position as the sixth-largest Indian state bank, and its quasi-policy role through social lending.
Jun 10, 2022 · Key Rating Drivers. The rating actions follow Fitch's revision of the Outlook on the 'BBB-' rating on the Indian sovereign to Stable from Negative on 10 June 2022 due to diminished downside risks to India's medium-term growth, which is underscored by its rapid economic recovery and easing financial-sector weaknesses.
SINGAPORE (S&P Global Ratings) Feb. 24, 2023--S&P Global Ratings today withdrew its 'BB+/B' long- and short-term issuer credit ratings on Bank of India and Bank of India (New Zealand) Ltd. at the company's request.
Aug 22, 2023 · Detailed Rationale. CRISIL Ratings has assigned its ‘CRISIL AA+/Stable’ rating to the Rs 2,000 crore Tier II bonds (under Basel III) and reaffirmed its ‘CRISIL AA+/Stable/CRISIL A1+’ ratings on the outstanding Tier II Bonds (under Basel III) and the certificate of deposits of Bank of India (BOI).
Jun 6, 2023 · The rating assigned to the Tier-II bonds (Basel III) of Bank of India (BOI) factors in majority ownership of demonstrated and expected support from Government of India (GOI) which holds majority (i.e., 81.41%) shareholding in the bank along with