Bank of India Q4 net profit soars 82% to Rs 2,626 crore; eyes 12% loan growth in FY26

Bank of India reported a strong 82% year-on-year enhance in its net profit for the January-March 2025 quarter, reaching Rs 2,626 crore. This surge was primarily pushed by important treasury beneficial properties and a considerable rise in recoveries from written-off accounts.The financial institution’s core net curiosity earnings (NII) grew by 2% to Rs 6,063 crore, whereas different earnings almost doubled, up 96% to Rs 3,428 crore.The financial institution’s managing director and CEO, Rajneesh Karnatak, introduced a goal of 12-13% loan growth and 11-12% deposit growth for the fiscal yr 2025-26. Despite the narrowing of the net curiosity margin (NIM) to 2.61% from 2.92% in the earlier yr, the financial institution stays optimistic about sustaining excessive growth charges. The general capital adequacy ratio stood at 17.77%, with a core buffer of 14.84% as of March 31, 2025.Recoveries from written-off accounts jumped 195% to Rs 1,193 crore, whereas treasury beneficial properties rose 87% to Rs 711 crore, contributing to the sharp enhance in different earnings.Overall deposits grew 10.65% throughout the quarter, although the share of low-cost present and financial savings account (CASA) balances declined to 40.28%.In response to the continuing geopolitical tensions, the financial institution is adhering to advisories from the Reserve Bank of India (RBI) and the Indian Computer Emergency Response Team (CERT-IN) regarding cybersecurity measures. Additionally, the Finance Ministry has issued pointers to guarantee ample money availability in automated teller machines (ATMs), which the financial institution is diligently following.Following the announcement, Bank of India’s inventory closed at Rs 110.20 on the Bombay Stock Exchange, marking a 2.27% enhance on the day.