Bank of India Reports Impressive Q4 Performance

Bank of India has announced an 82% year-on-year increase in its net profit for the January-March 2025 quarter, reaching Rs 2,626 crore. This remarkable growth is attributed to significant treasury gains and a substantial rise in recoveries from written-off accounts.

Financial Highlights and Future Targets

The bank's core net interest income (NII) grew by 2% to Rs 6,063 crore, while other income nearly doubled, up 96% to Rs 3,428 crore. Rajneesh Karnatak, the bank's managing director and CEO, has set ambitious targets for the fiscal year 2025-26, aiming for 12-13% loan growth and 11-12% deposit growth.

Capital Adequacy and Cybersecurity Measures

The overall capital adequacy ratio stood at 17.77%, with a core buffer of 14.84% as of March 31, 2025. In light of ongoing geopolitical tensions, the bank is strictly following advisories from the Reserve Bank of India (RBI) and the Indian Computer Emergency Response Team (CERT-IN) to bolster its cybersecurity measures.

Market Response

Following the announcement, Bank of India's stock closed at Rs 110.20 on the Bombay Stock Exchange, marking a 2.27% increase on the day.