Bank of India Q4 Results: Other income aids profitability, asset quality stable
Published on 09/05/2025 04:50 PM
Bank of India Q4 Results: Other income aids profitability, asset quality stableBank of India recommended a dividend of ₹4.05 per equity share for the financial year 2024-25. Record date for the said dividend has been fixed as June 20, 2025.By Meghna Sen May 9, 2025, 4:50:23 PM IST (Published)1 Min ReadBank of India on Friday, May 9, reported its March quarter earnings, in which net profit rose 82.5% year-on-year to ₹2,626 crore, compared to ₹1,439 crore in the same quarter a year ago.
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.
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.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsBank of IndiaBank of India (BoI)earningsQ4 results