Bank of India — Updates, 24-01-2025: Press Release

Global Business reported a robust growth of 13.62% YoY, reaching ₹14,46,295 Cr, driven by a 12.29% increase in Global Deposits to ₹7,94,788 Cr and a 15.30% rise in Global Advances to ₹6,51,507 Cr. The bank's focus on retail and agriculture sectors fueled advances growth, with Retail Credit rising 21.22% YoY and Agriculture Credit increasing 18.46% YoY. Importantly, Net Profit surged 34.62% YoY to ₹2,517 Cr, supported by a 46.37% YoY growth in Non-Interest Income. The decline in Gross NPA ratio to 3.69% and Net NPA ratio to 0.85% underscores improved asset quality. Capital adequacy remains strong, with a CRAR of 16.00%. Moving forward, the bank's growth initiatives and improved profitability position it well, suggesting a positive outlook for investors. However, continued focus on asset quality and cost management will be essential.