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Monday, 21-May-2012

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Bank’s Base Rate w,e.f. 28.07.2011

i. Limits upto Rs 10 lakhs :

Upto Rs.10 lakhs (WC/STL)	14.75%
Upto Rs.10 lakhs TLN	16.00%

In case of various other loans, the rates given in following pages may be followed.

II. Limits Rs.10 lakhs & above (linked to Credit Rating of the borrower) :

Interest rates applicable to commercial advances for limits Rs.10 lakhs & above for (i) working capital including WCDL facilities and Short Term loans (upto 1 year) and (ii) Term Loans above 1 year are given below :-

Working Capital including WCDL & Short Term Loans (upto 1 year)

(Classification based on Aggregate limits)

		MS1	MS2	MS3	MS4	MS5	MS6	MS7	MS8	MS9	MS10
RoI	MODEL	SBS1	SBS2	SBS3	SBS4	SBS5	SBS6	SBS7	SBS8	SBS9	SBS10
Commercial Advances		New RoI %	New RoI %	New RoI %	New RoI %	New RoI %	New RoI %	New RoI %	New RoI %	New RoI %	New RoI %
10Cr and above & not exceeding 30Cr	Existing MS Hybrid	13.75	14.00	14.25	14.50	14.75	15.75	16.25	16.25	16.75	16.75
5Cr and above & not exceeding 10Cr	Existing MS Hybrid	13.75	14.00	14.25	14.50	15.00	15.75	16.25	16.25	16.75	16.75
1Cr and above & not exceeding 5Cr	ExistingSBS	13.75	14.00	14.50	14.75	15.00	15.75	15.75	16.25	16.75	16.75
10 lakhs and above and not exceeding 1Cr	ExistingSBS	14.00	14.25	14.50	14.75	15.00	15.75	15.75	16.25	16.75	16.75
		Hybrid LC 1	Hybrid LC 2	Hybrid LC 3	Hybrid LC 4	Hybrid LC 5	Hybrid LC 6	Hybrid LC 7	Hybrid LC 8	Hybrid LC 9	Hybrid LC 10
30Cr & above or turnover>500Cr	Hybrid LC	13.25	13.50	13.75	14.00	14.25	14.50	14.75	15.25	16.75	16.75
		EC1	EC2	EC3	EC4	EC5	EC6	EC7	EC8	EC9	EC10
30Cr & above or turnover 300Cr to 500Cr	Hybrid LC	13.50	13.75	14.00	14.25	14.50	14.75	15.25	15.50	16.75	16.75
30Cr & above or turnover 150Cr to 300Cr	Hybrid LC	13.75	14.00	14.25	14.25	14.75	15.00	15.50	15.75	16.75	16.75

	RG1	RG2	RG3	RG4	RG5	RG6	RG7	RG8	RG9	RG10
All Infra/ Greenfield	13.25	13.75	14.25	14.75	15.25	15.50	16.00	16.75	16.75	16.75
Comm. Real Estate	14.50	14.50	14.75	15.00	15.25	15.75	16.00	16.75	16.75	16.75

B.Government Advances
1.GoI & State Govt	12.25%
2.Guaranteed by State Govt	12.25%

RoI applicable for Public Sector

LC1	LC2	LC3	LC4	LC5	LC6	LC7	LC8	LC9	LC10
12.25%	12.25%	12.50%	12.50%	12.75%	13.25%	13.50%	13.75%	14.25%	14.75%

Tenor Premium to be added for above 1 year rates

Tenor	Premium
Above 1 year – upto 7 years	0.50% p.a.
Above 7 years – upto 15 years	0.75% p.a.

Tenor should include moratorium period.

III. Discounting of Future Cash Flows/Lease Rentals :
(Ref. Br.Cir. No.97/100 dated 16.10.2003)

a)Landlords having lease agreements with MNCs/PSUs/Banks – Public Sector, Private Sector, Foreign Banks, Top rated Corporates - Base Rate +4.00%

14.75%

b) Others - Base Rate + 5.00%

15.75%

IV. Trade Finance (For select customers/transactions)

i.	Bills backed by LCs of Banks within the exposure limit given by Risk Mgmt Dept, HO	Less than 10 crores	10 crores and above
		Less than 10 crores	10 crores and above
	Not exceeding 90 days	11.25 %	11.00 %
	91 days to 180 days	11.50%	11.25%

ii.	Bills drawn by customers whose rating is LC 1 to 2 & SBS 1 to 3
	Not exceeding 90 days	14.50%
	91 days to 180 days	15.00%

iii	Customers with risk rating LC 3 to 4 & SBS 4 to 6 and above for bills drawn on corporates and PSUs
	(Br. Cir. Nos.98/157 dated 01/11.2004)
	Not exceeding 90 days	14.75%
	91 days to 180 days	15.25%

Announcement

Watch recorded webcast for Press Meet 30.04.2012

Watch recorded webcast for Analyst’s Meet 30.04.2012

Analyst Presentation for 31.03.2012

Financial Result for year ended 31.03.2012

Any complaint regarding NEFT transactions during 20.02.2012 to 6.03.2012 may be escalated to email ID Special.NEFT@bankofindia.co.in or on telephone No. 022-22886680 for immediate resolution.

Chairman & Managing Director's Message & Address

Bank has decided to decrease the Bank’s Base Rate from 10.75% p.a. to 10.50%p.a. and BPLR from 15.00% p.a. to 14.75% p.a. with effect from 01.05.2012

The Managing Committee of the Indian Banks’ Association has appointed Shri Alok K Misra , Chairman and Managing Director, BANK OF INDIA as Deputy Chairman of the Association

Pension Calculator is available on Knowledge Portal front page

Press release launching of Mobile Based Remittance, Urban Financial Inclusion and two factor Authentication

Notice for Debit and ATM cardholders

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