On Thursday, April 3, Bank of India (BOI) shares surged by 3%, fueled by a robust business update for the fourth quarter of the financial year 2024-2025 (Q4 FY25). The public sector bank disclosed impressive growth figures, showcasing an 11.95% year-on-year increase in its global business, which reached an impressive ₹14.81 lakh crore as of March 31, 2025.

Significant Growth in Deposits and Advances

Bank of India reported noteworthy progress in both deposits and advances:

• Global deposits jumped 10.65%, reaching ₹8.16 lakh crore.
• Domestic deposits rose 11.21%, totaling ₹7 lakh crore.
• The bank’s global gross advances expanded by 13.59%, hitting ₹6.65 lakh crore.
• Domestic gross advances also saw a significant increase of 14.28%, amounting to ₹5.62 lakh crore.

Strong Performance in Credit Growth

In the previous quarter ending December 31, 2023, Bank of India recorded a credit growth of 15.3%, bringing total advances to ₹6.51 lakh crore. The bank’s overall deposits stood at ₹7.94 lakh crore, reflecting a 12.3% rise compared to ₹7.07 lakh crore at the end of the third quarter of the prior financial year. Overall business growth for BOI reached 13.6%, climbing from ₹12.72 lakh crore to ₹14.46 lakh crore.

Bank of India’s Stock Movement

Today, Bank of India shares finished 3% higher on the Bombay Stock Exchange (BSE), with an intraday high of ₹118.20 and a low of ₹109.45.

Anshul Jain, the Head of Research at Lakshmishree Investment and Securities, noted that the stock has achieved a bullish breakout from a 42-day cup and handle pattern at ₹114, supported by a volume surge exceeding 2.25 times the average over the past 50 days. Jain believes this breakout indicates further potential upside, with the stock poised to reach the daily swing high of ₹120. If it maintains momentum above this level, he anticipates a bullish target of ₹128. Jain emphasized that traders should monitor for sustained strength above ₹114 to validate this breakout and leverage the potential upward trend.

Conclusion

With its impressive quarterly results and favorable stock performance, Bank of India is attracting significant attention in the financial markets. As it continues to demonstrate robust growth in both deposits and advances, investors remain optimistic about the bank’s future trajectory.

For more insights into the banking sector, check out our articles on IDFC First Bank and AU Small Finance Bank.