Bank of India — Updates, 11-11-2024: Press Release

Global Business rose 12.05% YoY to ₹13,97,100 Cr, driven by a 10.15% YoY increase in Global Deposits to ₹7,75,181 Cr and a 14.51% YoY rise in Global Advances reaching ₹6,21,919 Cr. Domestic Advances surged 15.03% YoY, with Retail and Agriculture Credits growing by 21.61% and 21.46%, respectively. Notably, Net Profit jumped 62.76% YoY to ₹2,374 Cr, alongside Operating Profit rising 10.43% YoY to ₹4,147 Cr. Non-Interest Income surged 49.15% YoY to ₹2,518 Cr, while Gross NPA and Net NPA ratios improved, now at 4.41% and 0.94%, respectively. CRAR increased by 100 bps to 16.63%, enhancing the bank’s capital adequacy. The bank also continues to enhance its digital footprint, with a significant increase in the number of Internet and Mobile Banking users. This positive trajectory underlines a robust outlook, with strengthened asset quality and profitability metrics indicating potential growth ahead.