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Tuesday, 22-May-2012

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Services of External Rating Agencies

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Energy Efficiency Projects

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Energy Efficiency Projects

SCHEME OF FINANCING FOR ENERGY EFFICIENCY PROJECTS

Purpose:

For acquiring/adopting Energy Saving Equipment and Energy Conservation Measures.

Eligibility:

Saving on energy costs should be at least 150% of cost of servicing the proposed term loan. Units should possess energy audit report (to be obtained at their cost initially) issued by energy consultant/auditor accredited by Bureau of Energy Efficiency, PCRA etc. or must have carried out similar assignment for other reputed companies.

Quantum of Loan

Upto 80 % of Project Cost, subject to a Maximum of Rs.1 crore. The cost of equipment, cost for effecting modifications to the existing Plant & Machinery, re-engineering the manufacturing process, and Interest during the implementation period are included.

Project cost would also include Consultancy / Management fees, cost of energy audit (once it is found that there is scope for substantial reduction in the energy costs).

Overall Debt Equity of the unit (including this loan) should not exceed 4:1 for SSI and 3:1 for Medium Sector units.

Repayment Period

Within 7 years including moratorium period of not more than 6 months. Can be extended upto 10 years in exceptional cases. Average DSCR should be 1.3.

Security

--Hypothecation of equipment purchased.
--Extension of charge on existing assets, wherever available.
--Energy Services Agreement (with ESCO) with Performance Guarantee by the ESCO, wherever the services of an ESCO are engaged.
--Eligible Loans to SSI units to be covered under CGFTSI Scheme

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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