The bank’s Net Interest Income (NII) or core income rose 2.1% to ₹6,063 crore as against ₹5,936 crore in the year-ago quarter.
The company’s asset quality also improved, with Gross Non-Performing Assets (NPA) declining to 3.27% from 3.69%, and Net NPA reducing to 0.82% from 0.85% last year.
The lender’s provisions stood at ₹1,337.7 crore as against ₹303.7 crore quarter-on-quarter and ₹1,826 crore year-on-year.
Bank of India recommended a dividend of ₹4.05 (40.50%) per equity share of ₹10 face value for the financial year 2024-25, subject to approval of shareholders at the ensuing Annual General Meeting of the Bank.
Record date for the said dividend has been fixed as June 20, 2025. Hence, shareholders having shares as on the cut-off date i.e. June 20 will be eligible for the dividend payment.
Shares of Bank of India Ltd. settled 2.45% higher on Friday at ₹110.50 ahead of its Q4 results announcement. The stock is up 8% so far this year.
First Published: May 9, 2025 4:50 PM IST
