Bank of India Q3FY25 reporting an increase in Net Profit by 34.62% YoY to Rs.2,517 Cr

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KEY HIGHLIGHTS (Q3FY25)
  • Global Business increased by 13.62% YoY. Global Deposits increased by 12.29% YoY. Global Advances increased by 15.30% YoY. Advances (Dom.) increased by 15.00% YoY.
  • RAM Advances grew by 18.96% YoY and it constitutes 57.14% of Advances. Retail Credit grew by 21.22% YoY.
  • Agriculture Credit grew by 18.46% YoY. MSME Credit grew by 16.36% YoY.
  • CASA deposits increased by 6.07% YoY and CASA ratio at 41.05%. Net Profit increased by 34.62% YoY to Rs.2,517 Cr.
  • Operating Profit increased by 23.26% YoY to Rs.3,703 Cr. Non-Interest Income increased by 46.37% YoY to Rs.1,746 Cr. Gross NPA ratio down by 166 bps YoY to 3.69%.
  • Net NPA ratio down by 56 bps YoY to 0.85%. Provision Coverage Ratio (PCR) at 92.48%.
  • CRAR at 16.00%, with CET-1 ratio at 12.96%.
Profitability:
Q3-FY25:
  • Net Profit for the quarter improved by 35% YoY and stood at Rs.2,517 Cr for Q3FY25 against Rs.1,870 Cr in Q3FY24. On a sequential basis, Net Profit improved by 6% from Rs.2,374 Cr in Q2FY25.
  • Operating Profit increased by 23% YoY and stood at Rs.3,703 Cr for Q3FY25 against Rs.3,004 Cr in Q3FY24 and Rs.4,147 Cr in Q2FY25.
  • Net Interest Income (NII) increased by 11% YoY and stood at Rs.6,070 Cr for Q3FY25 against Rs.5,463 Cr for Q3FY24 and Rs.5,986 Cr in Q2FY25.
  •   Non-Interest Income increased by 46% YoY and stood at Rs.1,746 Cr for Q3FY25 against Rs.1,193 Cr in Q3FY24 and Rs.2,518 Cr in Q2FY25.
  • Operating Expenses stood at Rs.4,114 Cr for Q3FY25 against Rs.3,653 Cr in
Q3FY24 and Rs.4,355 Cr in Q2FY25.
9Months ended FY25:
  • Net Profit increased by 35% YoY and stood at Rs.6,593 Cr for 9 month ended FY`25 against Rs.4,879 Cr in the corresponding period of last year.
  • Operating Profit improved by 10% YoY and stood at Rs.11,527 Cr for 9-month ended FY`25 against Rs.10,511 Cr in the corresponding period of last year.
  • Net Interest Income (NII) increased by 7% YoY and stood at Rs.18,331 Cr for 9-month ended FY`25 against Rs.17,117 Cr in the corresponding period of last year.
  •   Non-Interest Income increased by 28% YoY and stood at Rs.5,566 Cr for 9- month ended FY`25 against Rs.4,344 Cr in the corresponding period of last year.
  •  Operating Expenses stood at Rs.12,370 Cr in 9-month ended FY`25 against Rs.10,949 Cr in the corresponding period of last year.

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