Introduction:
Leading public sector bank reported a 34.6% increase in net profit for Q3FY25, driven by a decline in bad loans. The bank’s total income and operating profit saw significant growth, alongside improvements in asset quality and CASA deposits.
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Share price movement of BOI:
On January 27, 2025, Bank of India (BOI) opened at ₹99.15, up 0.86% from its previous close of ₹98.30. The stock reached a high of ₹105.75 (6.10%) and a low of ₹99.15. By 4:00 PM, it traded at ₹104.30, a 6.10% increase, with a market cap of ₹47,484.33 crore.
Bank of India Reports 34.6% Profit Rise:
Bank of India (BOI) reported a 34.6% rise in net profit to ₹2,516.7 crore for Q3FY25, driven by a decline in bad loans. The profit increased from ₹1,869.5 crore in the same quarter last year.
Net interest income (NII) grew by 11.1% to ₹6,070.3 crore in Q3FY25, compared to ₹5,463.5 crore in Q2FY25. The bank’s asset quality improved, with gross NPAs declining to 3.69% from 5.35% in December 2023, and net NPAs decreasing to 0.85% from 1.41%.
The total income rose to ₹19,957 crore, up from ₹16,411 crore in Q3FY24. Operating profit increased to ₹3,703 crore from ₹3,004 crore last year. The bank’s CASA deposits grew by 6.07%, with a CASA ratio of 41.05%.
Recent news on BOI:
As of January 13, 2025, Bank of India revealed it is marketing its first dollar syndicated loan since 2012, aiming to raise up to $400 million. The loan, divided into three- and five-year tranches, is part of a broader trend of Indian borrowers seeking global credit.
Stock performance of BOI for Period of 1 week, 6 months and 1 year:
Bank of India has seen a decline in performance over recent periods. Over the past week, the stock dropped by 3.25%, with a 21.8% decrease over six months and a 25.2% fall over the past year, reflecting challenging market conditions.
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Shareholding pattern of BOI:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 73.40% | 73.40% | 73.40% |
| FII | 2.90% | 3.20% | 4% |
| DII | 16.40% | 16.30% | 15.50% |
| Public | 7.30% | 7.10% | 7.60% |
About BOI:
Bank of India (NSE: BANKINDIA) is a leading Indian bank offering treasury, wholesale, and retail banking services. As of FY24, it ranks as the sixth-largest nationalized bank with advances of ₹5.85 lakh crore and a total business of ₹13.24 lakh crore.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
