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BANK OF INDIA: To Consider Q3 Financial Results on Jan. 22
Bank of India's board of directors will hold a meeting on Jan. 22, 2008, to consider and approve the bank's unaudited financial results for the third quarter ended Dec. 31, 2007.
In the same quarter in 2006, the bank reported a net profit of INR2.55 billion on revenues aggregating INR26.41 billion.
Headquartered in Mumbai, India, Bank of India -- http://www.bankofindia.com -- 2628 branches in India spread over all states/ union territories, including 93 specialized branches. The bank provides a range of financial products and services, including numerous credit schemes, deposit schemes, cash management services, credit/debit cards, deposit vaults and corporate bonds. It also extends finance to small and medium enterprises and small-scale industries. It provides a variety of loans, such as mortgage loans, educational loans, auto finance loans, holiday loans, personal loans and home loans. The bank offers Internet banking services for both the retail and corporate clients.
The bank operates in the Cayman Islands, China, the Channel Islands, France, Hong Kong, Indonesia, Japan, Kenya, Singapore, the United Kingdom, the United States, and Vietnam.
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Standard & Poor's Ratings Services assigned on March 26, 2007, its 'BB' issue rating to the bank's Hybrid Tier I notes to be issued by India's Bank of India (BOI; BBB-/Stable/A-3), acting through its Jersey branch. These notes are being issued under the bank's US$1 billion medium-term notes program.
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