HDFC Securities has maintained 'Neutral' on Bank of India (BoI) with target price of Rs 205 as against current market price (CMP) of Rs 210 in its report.

Commenting on the investment rationale, HDFC Securities said, ''Our meeting with Bank of India (BOI) management indicates a mixed 4QFY14. Asset quality for the bank worries to continue with slippages Rs 17 billion+ and restructuring of Rs 15-20 billion.

Strong domestic loan growth (6% QoQ on higher base) to continue; NIMs to be stable QoQ at 2.4% and elevated opex cost with pending mortality provisions (Rs 10 billion).

We have marginally reduced our net earnings estimates for FY14/15E. Maintain Neutral with target price of Rs 205.''

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