Bank of India (BoI) announced its results for quarter 1 in financial year 25 net profit for the quarter improved by 10 percent year on year and stood at Rs.1,703 Cr for quarter 1 in financial year 25 against Rs.1,551 Cr in quarter 1 in financial year 24. Operating Profit stood at Rs 3,677 Cr for quarter 1 in financial year 25 against Rs 3,752 Cr in quarter 1 in financial year24.
On Asset quality front, net NPA declined by 30 per cent year on year from Rs8,118 Cr in Jun 23 to Rs5,702 Cr in June 24. Global Business increased by 12.34 per cent year on year from Rs.12,14,808 Cr in June 23 to Rs.13,64,660 Cr in June 24.
Net Interest Income (NII) increased by 6 per cent year on year and stood at Rs.6,275 Cr for quarter 1 in financial year 25 against Rs.5,915 Cr for quarter 1 in financial year 24. Bank's total Capital Adequacy Ratio (CRAR) improved by 58 bps and stood at 16.18 per cent as on June 30, 24 against 15.60 per cent as on June 30, 23. RAM Advances increased by 18.78 per cent year on year to Rs.2,84,646 Cr, constituting 56.01 per cent of Advances in June 24.
Retail Credit grew by 20.46 per cent year on year to Rs.1,15,183 Cr on June 24. Agriculture Credit grew by 22.18 per cent year on year. MSME Credit grew by 13.06 per cent year on year. Domestic CASA went up by 5.51 per cent year on year from Rs.2,60,615 Cr in June 23 to Rs 2,74,973 Cr in June 24 and CASA ratio stood at 42.68 per cent.
Bank has opened 3.78 Lakh new Pradhan Mantri Jan Dhan Yojana accounts during quarter 1 in financial year 25.
As on June 30, 24, the Bank has 5155 number of Domestic branches.