Bank of India - S&P Global Ratings’ Credit Research

Bank of India

Bank of India - S&P Global Ratings’ Credit Research
Bank of India
Published Oct 20, 2020
12 pages (4249 words) — Published Oct 20, 2020
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Very high likelihood of government support because of state ownership. Good funding profile with large branch network. High credit costs due to large stressed loans. Moderate earnings and capitalization. The stable outlook on Bank of India (BOI) reflects our expectation that the likelihood of government support for the bank will remain very high over the next 12-18 months. The ratings and outlook on BOI's subsidiary Bank of India (New Zealand) Ltd. will move in tandem with those on BOI. We may lower the ratings on BOI if our assessment of the bank's stand-alone credit profile (SACP) weakens by two notches to 'b+'. We could lower the SACP if the bank's capitalization weakens such that the RAC ratio falls below 5%

  
Brief Excerpt:

...Moderate earnings and capitalization. Outlook: Stable The stable outlook on Bank of India (BOI) reflects our expectation that the likelihood of government support for the bank will remain very high over the next 12-18 months. The ratings and outlook on BOI's subsidiary Bank of India (New Zealand) Ltd. will move in tandem with those on BOI....

  
Report Type:

Full Report

Ticker
BOI@IN
Issuer
Bank of India
GICS
Diversified Banks (40101010)
Sector
Global Issuers
Country
India
Region
Emerging Markets
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bank of India" Oct 20, 2020. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-India-2538682>
  
APA:
S&P Global Ratings’ Credit Research. (). Bank of India Oct 20, 2020. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-India-2538682>
  
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