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Bank of India (BOM:532149) Long-Term Capital Lease Obligation : ₹0 Mil (As of Mar. 2024)


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What is Bank of India Long-Term Capital Lease Obligation?

Bank of India's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil.


Bank of India Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bank of India's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bank of India Long-Term Capital Lease Obligation Chart

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Long-Term Capital Lease Obligation
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Bank of India Quarterly Data
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Bank of India  (BOM:532149) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Bank of India (BOM:532149) Business Description

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Traded in Other Exchanges
Address
Star House, C-5, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai, MH, IND, 400051
Bank of India Limited is a provider of banking products and services headquartered in Mumbai, India. The bank provides services within India and internationally, and generates the majority of revenue domestically. Structurally, the bank is organised into three segments. Treasury operations deals in government securities, money market and foreign exchange transactions. Wholesale banking operations offers loans, trade finance, project finance, syndication, mutual funds and portfolio management. Retail banking operations include home, education and personal loans, savings and current accounts, overdrafts and deposits.

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