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Monday, 21-May-2012
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Discount Future Cash Flows
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Dual Currency Swing Limit
icon  DISCOUNTING FUTURE CASH FLOWS
 
Eligibility

High net worth corporate/non-corporate/landlords of repute with a minimum credit rating of 'A'.
 
Purpose

To discount future cash flows including lease rentals. General corporate purposes- like augmentation of long resources for working capital management/acquisition and/or refinance of fixed assets/prepayment of high cost loans/ availing loan against identifiable assets without joining consortium etc.
 
Maximum Loan:

Expected cash flows within 3-5 years/lease rentals receivable from shopping /office complexes up to a period of 10 years.

Lower of 30% of cash/rent inflows and 50% of Market value of property.
 
Rate of Interest :

a. at BPLR in case of first class lessees.
b. BPLR plus 1% in case of other lessees.
 
Repayment:

3-10 years - Loan to be repaid within the period of cash flow taken into consideration for determining maximum permissible advance.
 
Normal processing charges will be applicable.
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


Interest Subsidy for Education Loans

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

Forex Card Rate
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