Last updated: October 7, 2024 | 12:31 PM IST
Bank of India said domestic deposits increased by 12.34% to Rs 6,72,731 crore as of September 2024, compared to Rs 5,98,850 crore in September 2023.
The Bank’s domestic advances for Q2 FY25 stood at Rs 5,202.56 billion, an increase of 14.94% year-on-year (YoY). Global operations grew by 12% to Rs 1,396,555 crore in Q2 FY25 as against Rs 1,246,879 crore in September 2023.
The bank reported that global deposits reached Rs 7,751.74 billion in Q2 FY25, registering a year-on-year growth of 10.15%. Banks’ global gross advances increased by 14.41% to Rs 6,21,381 crore in Q2 FY25 as against Rs 5,431,280 crore reported in September 2023 quarter.
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Bank of India is an Indian state-owned commercial bank that offers a wide range of banking products and services to a wide range of customers in India and abroad. The company’s personal banking products and services include deposit schemes such as current accounts, savings accounts, fixed deposits and term deposits. Loans such as home loans, car loans, education loans, personal loans, pensioner loans, loans against stocks and bonds, festival loans, travel loans, as well as mobile banking and demat services, automated teller machine (ATM) services. , gift cards and checks, internet banking, international money transfers, safe lockers, international travel cards and more.
Bank’s standalone net profit increased by 9.8% to Rs 1,702.73 billion as gross profit increased by 15.3% to Rs 18,240 crore in Q1 FY25 compared to Q1 FY24. It became Rs.
The interest rate has fallen by 3.03% and is currently trading at Rs 105.55 on the BSE.
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First publication date: October 7, 2024 | 11:26 AM IST
