Informist, Friday, Oct. 17, 2025
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–Bank of India Jul-Sept net profit INR 25.55 bln vs INR 23.74 bln year ago
–Bank of India Jul-Sept total income INR 206.26 bln vs INR 198.72 bln yr ago
–Bank of India Apr-Sept net profit INR 48.07 bln vs INR 40.76 bln year ago
–Bank of India Apr-Sept total income INR 411.44 bln vs INR 381.12 bln yr ago
–Bank of India Jul-Sept provisions INR 4.41 bln vs INR 10.43 bln year ago
–Bank of India Jul-Sept NPA provisions INR 4.72 bln vs INR 14.27 bln yr ago
–Bank of India gross NPA ratio 2.54% as on Sept 30 vs 2.92% qtr ago
–Bank of India net NPA ratio 0.65% as on Sept 30 vs 0.75% qtr ago
–Bank of India Basel-III capital adequacy ratio 16.69% as on Sept 30
–Bank of India provision coverage ratio 93.39% as on Sept 30
–Bank of India Jul-Sept fresh slippages INR 8.87 bln vs INR 23.57 bln yr ago
–Bank of India Jul-Sept global cost of funds 4.84% vs 4.66% qtr ago
–Bank of India Jul-Sept global cost of deposit 4.85%, unch on qtr
–Bank of India annualised global credit cost 0.28% Sept 30 vs 0.68% qtr ago
–Bank of India Jul-Sept global NII INR 59.12 bln vs INR 59.86 bln yr ago
–Bank of India Jul-Sept global NIM 2.41% vs 2.55% qtr ago, 2.81% year ago
By Krity Ambey
NEW DELHI – Bank of India posted just a modest rise in net profit for the September quarter owing to muted growth in income, even as the lender’s provisions halved. The government-owned bank’s profit rose 8% to INR 25.55 billion in the reporting quarter. Sequentially, the bottom line was up 13%.
Bank of India’s total income for the September quarter inched up only 4% on year to INR 206.26 billion. The top line was nearly flat when compared to the trailing quarter’s INR 205.18 billion. The bank earned INR 184 billion as interest during the September quarter, up 6% on year. The lender’s other income, however, fell 12% to INR 22.20 billion. Its net interest income also dipped to INR 59.12 billion in Jul-Sept from INR 59.86 billion in the corresponding period a year ago.
The bank’s net interest margin during Jul-Sept was down 14 basis points on quarter at 2.41%, 40 bps lower than the year-ago figure. Its cost of funds rose to 4.84% in the September quarter, from 4.66% in the trailing quarter.
As the bank’s asset quality improved, provisions in the September quarter more than halved on year as well as on quarter to INR 4.41 billion. Fresh slippages for the quarter were down 62% on year at INR 8.87 billion. The bank’s net non-performing assets ratio fell to 0.65% as of Sept. 30 from 0.75% as of Jun. 30 and 0.94% a year ago. The gross non-performing assets ratio of the bank also improved to 2.54% from 2.92% at the end of June. The bank’s gross non-performing assets ratio was 4.41% as of Sept. 30, 2024. The lender provisioned INR 4.72 billion, down 67% on year, for non-performing assets. The bank’s provision coverage ratio rose to 93.39% as of Sept. 30 from 92.94% as of Jun. 30.
The bank’s business performance was steady with its global advances and global deposits rising over 14% and over 10%, respectively, to INR 7.09 trillion and INR 8.53 trillion as of Sept. 30. Within advances, gross domestic advances were up nearly 15% on year at INR 5.97 trillion, with loans to the retail, agriculture, and micro, small, and medium enterprises portfolio rising 17% on year to INR 3.48 trillion.
Within deposits, domestic deposits were up 8.5% on year at INR 7.30 trillion. The domestic current account savings account deposits ratio was 39.39% at the end of September, down from 39.88% at the end of June and 41.18% a year ago. In Jul-Sept, the global cost of deposits was unchanged from 4.85% in the trailing quarter.
Bank of India reported 0.28% annualised global credit cost as of Sept. 30, compared to 0.68% at the end of the June quarter. The capital adequacy ratio based on Basel-III norms was 16.69% at the end of September, lower than 17.39% at the end of June but slightly higher than 16.63% at the end of September 2024. Its Jul-Sept cost-to-income ratio rose to 53.02% from 51.22% a year ago and 51.31% a quarter ago.
The lender registered 18% growth in net profit for the six months ended Sept. 30 to INR 48.07 billion, primarily on account of a 34?ll in provisions. Its total income for the first half of the financial year was up 8% at INR 411.44 billion. The bank released its financial results after market hours Friday. Its shares ended down 1.8% at INR 123.11 on the National Stock Exchange. End
Edited by Rajeev Pai
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