The bank’s overall deposit growth remained strong in the second quarter of this financial year, showed performance data published at the end of the quarter. Deposits climbed 30% year-on-year to reach ₹21.7 lakh crore. On a quarterly basis, there was a 14% increase.
Bank of India shares rise 2% after LIC raises stake to 8.38%
Life Insurance Corporation (LIC) has increased its stake in Bank of India to 8.38% as of May 9, acquiring an additional 2.026% stake since September