Company Overview

Bank of India (BoI) is a leading Indian public sector bank, headquartered in Mumbai. Founded on 7th September 1906 by a group of eminent businessmen, it has a rich legacy spanning over a century. The bank was under private ownership and control until July 1969, when it was nationalised along with 13 other major Indian banks. BoI is a founding member of SWIFT (Society for Worldwide Inter Bank Financial Telecommunications), underscoring its commitment to efficient global financial communication. The bank serves a diverse customer base, offering comprehensive banking services to both retail and corporate clients across domestic and international markets.

Market Position and Capitalisation

As of 2nd July 2025, Bank of India Ltd (BANKINDIA) commands a market capitalization of ₹55,128.26 Crore, positioning it as a significant player among mid-cap public sector banks in India. The stock has witnessed a 52-week high of ₹130.24 and a 52-week low of ₹90.05. As of March 2025, the company's promoters, primarily the Government of India, held a substantial 73.38% stake, with no shares pledged, reflecting strong government backing and control.

Financial Performance

Recent Financial Results

Bank of India has demonstrated robust financial performance. On a consolidated basis, for the quarter ended March 2025, the bank reported a net profit of ₹2,601.98 Crore on a total income of ₹21,933.55 Crore. For the full financial year 2024-25, the bank posted a net profit of ₹9,552.17 Crore on a total income of ₹71,307.71 Crore.

The net profit for Q4 FY2024-25 saw a significant year-on-year jump of 65.32% to ₹2,601.98 Crore, indicating improved operational efficiency and effective asset quality management.

Key Financial Metrics

- Net Sales (Q4 FY2024-25): ₹21,933.55 Crore

- Net Profit (Q4 FY2024-25): ₹2,601.98 Crore

- Annual Net Sales (FY2024-25): ₹71,307.71 Crore

- Annual Net Profit (FY2024-25): ₹9,552.17 Crore

- EPS (Latest): ₹20.5

- PE Ratio: 5.77

- PB Ratio: 0.68

The Net Interest Income (NII) for Q4 FY25 increased by 2.14% year-on-year to ₹6,063 Crore, up from ₹5,936 Crore in Q4 FY24. However, the global Net Interest Margin (NIM) slightly declined to 2.91% in Q4 FY25 from 3.30% in Q4 FY24 and 2.98% in Q3 FY25.

Dividend Policy

Bank of India maintains a consistent dividend payout policy. In the quarter ending March 2025, the bank declared a dividend of ₹4.05 per share, translating to a dividend yield of 5.74% at current market prices. For the financial year 2024, the bank declared a dividend of ₹2.8 per share, resulting in a dividend yield of approximately 2.5% at a share price of ₹110.4. This demonstrates the bank's commitment to shareholder value.

Network and Operations

As of 31st December 2024, Bank of India's total business stands at ₹1,446,295 Crore (approximately US$170 billion). The bank operates an extensive network comprising 5,202 branches and 8,166 ATMs & CRMs worldwide, including 22 overseas branches. Domestically, over 5,100 branches are spread across all states and union territories, supported by 69 Zonal Offices and 13 FGMO Offices.

International Presence

Bank of India has a significant global footprint with 47 branches/offices abroad. This includes 22 own branches (including the IBU Gift City branch in Gandhinagar, Gujarat), 1 representative office, 4 overseas subsidiaries (managing 23 branches), and 1 joint venture. This international presence allows the bank to cater to global financial needs from key international financial centers.

Business Segments

Bank of India is a state-owned commercial bank offering a comprehensive suite of banking products and financial services to both corporate and retail customers. Its offerings include savings accounts, current accounts, fixed deposits, loans, debit cards, credit cards, and insurance products. Popular branded offerings include BOI Star, BOI Express Credit, BOI Star Gold, and BOI Star Global. The bank also provides specialized services for businesses, foreign exchange dealings, NRI services, and merchant banking. Complementing its traditional services, BoI offers a robust range of digital banking solutions, including mobile banking, internet banking, and UPI payment services.

Recent Corporate Actions

In line with market trends and to enhance customer affordability, Bank of India announced a 5 basis point reduction in its MCLR (Marginal Cost of Funds Based Lending Rate) across all tenors, effective 1st July 2025. The bank's board is also set to consider raising funds via long-term infrastructure bonds on June 26, 2025. Previously, it successfully raised ₹2,690 Crore through a 10-year bond that was oversubscribed sixfold. Furthermore, the bank plans to raise up to ₹5,000 Crore in FY26 through Basel-III compliant bonds to strengthen its capital base.

Market Indices Inclusion

Bank of India is a constituent of numerous major stock market indices, enhancing its accessibility to institutional investors and mutual funds. It is included in indices such as BSE 500, BSE 200, BSE PSU, Nifty 500, BSE MidCap, Nifty Midcap 100, Nifty PSU Bank, Nifty 200, and Nifty High Beta 50, among others. Its prominent inclusion in PSU Bank indices highlights its role as a key government-owned financial institution contributing to India's banking sector growth and financial inclusion initiatives.