Bank of India Share Price – NSE  / BSE

Banks, Small Cap

The bank's domestic advances was at Rs 5,46,150 crore in Q3 FY25, up 14.97% year on year (YoY). Global business increased 13.62% to Rs 14,46,359 crore in Q3 FY25 as against Rs 12,72,887 crore posted in December 2023.

The bank reported global deposits of Rs 7,94,787 crore during the third quarter of FY25, registering a growth of 12.28% YoY. The bank’s global gross advances increased 15.31% to Rs 6,51,572 crore in Q3 FY25 as against Rs 5,65,060 crore reported in the December 2023 quarter.

Bank of India is an Indian state-owned commercial bank that provides various banking products and services to their wide range of customers in India and internationally. The company's personal banking products and services include deposit schemes, such as current accounts, savings accounts, term deposits, and recurring deposits; and loans that comprise housing loans, car loans, educational loans, personal loans, loans for pensioners, loans against shares and debentures, festival loans, and travel loans, as well as mobile banking and demat services, automated teller machine (ATM) services, gift cards and cheques, Internet banking, foreign inward remittance, safe deposit lockers, and foreign travel cards.

The bank’s standalone net profit jumped 9.8% to Rs 1,702.73 crore on 15.3% rise in total income to Rs 18,240.02 crore in Q1 FY25 over in Q1 FY24.

The scrip had gained 0.96% to end at Rs 104.80 on the BSE on Friday.

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Bank of India announced that India Ratings has released rating on Bank's Infrastructure and Affordable Housing Bonds at 'IND AAA'/Stable; and affirms all existing ratings.

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Bank of India has revised the Marginal Cost of Funds based Lending Rate with effect from 01 January 2025 as under:

Overnight - 8.25%
One month - 8.45%
Three month - 8.60%
Six month - 8.85%
One year - 9.05%
Three year - 9.20%

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Bank of India is down for a fifth straight session today. The stock is quoting at Rs 102.66, down 0.36% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.4% on the day, quoting at 23682.349609375. The Sensex is at 78309.92, up 0.34%.Bank of India has lost around 4.06% in last one month.Meanwhile, Nifty PSU Bank index of which Bank of India is a constituent, has eased around 1.87% in last one month and is currently quoting at 6575.7, up 1.17% on the day. The volume in the stock stood at 46.17 lakh shares today, compared to the daily average of 86.54 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 102.66, down 0.17% on the day. Bank of India tumbled 6.25% in last one year as compared to a 10.45% rally in NIFTY and a 19.29% spurt in the Nifty PSU Bank index.

The PE of the stock is 6.35 based on TTM earnings ending September 24.

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