Bank of India allocates Rs 2000 crore for IT upgrades

May 26, 2025

Bank of India allocates ₹2,000 crore for IT in FY26. The investment aims to upgrade tech and boost cybersecurity. Digital initiatives will improve products and operations. MD Rajneesh Karnatak emphasizes transforming the bank into a tech-driven entity. Automation efforts saved 12,000 manhours. The bank added 5.2 million mobile banking customers, reaching a total of 9 million.

More To Explore

Explained: Why Paisalo Digital shares hit 20% upper circuit on Wednesday

Paisalo Digital shares hit the 20% upper circuit after the company announced that promoter shareholding increased to 46.72% in Q1FY27 from 41.75% in FY26 through

July 1, 2026

Multibaggers: 8 stocks rallied over 20% in each of the last three July-September quarters

A study of seasonal market trends shows 15 stocks with market capitalisation above Rs 1,500 crore have delivered consistent July–September gains over the past three

July 1, 2026

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information.

The information on this website does not constitute investment advice or a recommendation or a solicitation to engage in any investment activity. This website and its content are not intended for residents of the UAE, US, Canada, Australia, UK, Russia, North Korea, China, Japan, Hong Kong, Singapore and Iran.

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003