The Reserve Bank of India (RBI) notification was issued after market hours on Tuesday, 20 October 2009.

Meanwhile, the BSE Sensex was down 53.19 points, or 0.31%, to 17,169.82

On BSE, 84,386 shares were traded in the counter. The stock had an average daily volume of 4.11 lakh shares in the past one quarter.

The stock hit a high of Rs 455 and a low of Rs 441 so far during the day. The stock hit a 52-week high of Rs 474.70 on 17 October 2009 and a 52-week low of Rs 179.60 on 9 March 2009.

The large-cap bank outperformed the market over the past one month till 20 October 2009, rising 15.01% as compared to the Sensex's 2.88% rise. It had also outperformed the market in the past one quarter, surging 25.76% as compared to the Sensex's return of 13.38%.

The bank's current equity is Rs 525.17 crore. Face value per share is Rs 10.

The current price of Rs 444.30 discounts the bank's Q1 June 2009 annualized EPS of Rs 44.44, by a PE multiple of 9.99

As per the Reserve Bank of India (RBI's) notification, the aggregate net purchases of equity shares in Bank of India (BoI) by foreign institutional investors (FIIs)/non-resident Indians (NRIs)/persons of Indian origin (PIOs) under portfolio investment scheme (PIS) have reached the trigger limit of the paid up capital. The ceiling for overall investment for FIIs, NRI and PIOs is pegged at 20% of the paid up capital in public sector banks. The RBI monitors the ceilings on FII/NRI/PIO investments in Indian companies on a daily basis.

Bank of India will declare its Q2 September 2009 results on 29 October 2009. The bank's net profit rose 3.98% to Rs 584.32 crore on 22.09% rise in total income to Rs 5,023.61 crore in Q1 June 2009 over Q1 June 2008.

The state-run bank is engaged in banking services. The services of the group include acceptance of deposits, provision of loans, financing rehabilitation, treasury and investment management services to consumers and industries.

The Government of India holds 64.47% stake in the bank (as on 30 June 2009).