Bank of India Share Price – NSE  /  BSE

Banks, Small Cap

Bank of India will hold a meeting of the Board of Directors of the Company on 3 August 2024.

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Bank of India announced that its issue of Long Term Bonds (Infrastructure) of Rs 5,000 crore on a private placement basis received total bids amounting to Rs 15,318 crore in overwhelming response from investors. The issue was oversubscribed by 7.66 times against the base issue size of Rs.2,000 crore. Further, Bank has decided to accept bids of Rs.5,000 crore at coupon rate of 7.54% p.a.

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Bank of India rose for a fifth straight session today. The stock is quoting at Rs 124.46, up 2.89% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.26% on the day, quoting at 24384. The Sensex is at 80246.42, up 0.36%. Bank of India has added around 0.91% in last one month.

Meanwhile, Nifty PSU Bank index of which Bank of India is a constituent, has added around 0.38% in last one month and is currently quoting at 7238.9, up 1.69% on the day. The volume in the stock stood at 161.3 lakh shares today, compared to the daily average of 109.1 lakh shares in last one month.

The PE of the stock is 8.74 based on TTM earnings ending March 24.

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Domestic advances was at Rs 5,07,962 crore as on 30 June 2024, up 17.25% from Rs 4,33,246 crore as on 30 June 2023.

Global business grew by 11.94% year on year to RS 13,59,890 crore on 30 June 2024.

Global gross advances stood at Rs 6,00,054 crore (up 15.78% YoY) and global deposits came in at Rs 7,59,836 crore (up 9.09%) during the period under review.

Bank of India is a public sector bank. The Government of India held 73.38% stake in the bank as on 31 March 2024.

The state-run bank’s net profit increased 6.55% to Rs 1,438.91 crore on 8.24% rise in total income to Rs 17,913.03 crore in Q4 FY24 over Q4 FY23.

The scrip rose 0.04% to currently trade at Rs 120.50 on the BSE.

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