In a significant financial update, Bank of India has revealed impressive results for the fourth quarter of the fiscal year 2025. On May 9, the public sector bank reported a remarkable 82.5% year-on-year (YoY) increase in standalone net profit, soaring to ₹2,625.91 crore, up from ₹1,438.91 crore in the same quarter last year. This surge underscores the bank’s robust performance in a competitive market.

Strong Operating Profit Growth

The operating profit for Q4FY25 also witnessed substantial growth, climbing by 37% YoY to reach ₹4,885 crore. This growth reflects the bank’s effective strategy and operational efficiency. Meanwhile, the net interest income (NII) experienced a modest rise of 2.14% YoY, totaling ₹6,063 crore for the quarter.

Despite this growth, the domestic net interest margin (NIM) saw a slight decline, dropping by 39 basis points YoY to settle at 2.91%. However, the bank’s domestic advances surged by an impressive 14.45% YoY, amounting to ₹5,63,550 crore in Q4FY25.

Annual Performance Highlights

For the entire fiscal year 2025, Bank of India reported a 46% YoY increase in net profit, achieving a total of ₹9,219 crore. The operating profit for the year also rose by 17% YoY, reaching ₹16,412 crore. Additionally, the bank’s net interest income for FY25 increased by 6% YoY, while the domestic NIM stood at 3.10%, down 24 basis points compared to the previous year.

Improvement in Asset Quality

One of the standout accomplishments for Bank of India is the improvement in asset quality. The gross non-performing assets (GNPA) ratio decreased by 171 basis points YoY, bringing it down to 3.27%. Similarly, the net NPA ratio saw a reduction of 40 basis points, now at 0.82% for Q4FY25. The provision coverage ratio (PCR) also improved, rising by 180 basis points to 92.39% during this quarter.

Dividend Announcement

In an exciting development, the bank has declared a dividend of ₹4.05 per equity share, based on a face value of ₹10 for FY25. This dividend is subject to approval by shareholders during the annual general meeting scheduled for June 27, 2025. To facilitate the dividend payment, the record date is set for June 20, 2025.

Overall, Bank of India’s Q4 results not only highlight its strong financial performance but also its commitment to enhancing shareholder value. With strategic growth and improved asset quality, the bank is well-positioned for future success.