Mumbai | Bank of India on Friday reported a significant 82% year-on-year (YoY) jump in its net profit for the fourth quarter of the financial year 2024-25 (Q4FY25), reaching ₹2,626 crore. For the full financial year, the bank posted a net profit of ₹9,219 crore, marking a 46% YoY growth.

Return on Assets (ROA) stood at 0.90% and Return on Equity (ROE) at 15.27% for FY25, reflecting the bank’s improved profitability. The Net Interest Income (NII) rose 6% YoY, while Global and Domestic Net Interest Margins (NIM) for the year came in at 2.82% and 3.10%, respectively. For Q4FY25, Global and Domestic NIMs stood at 2.61% and 2.91%.

Global advances rose 13.74% YoY, with domestic advances increasing by 14.45%. Retail, MSME, agriculture, and corporate loan segments grew by 19.93%, 18.39%, 16.30%, and 9.59%, respectively. Deposits grew by 10.65% YoY, while domestic deposits rose 11.21%. CASA deposits grew 3.86% YoY, with the CASA ratio at 40.28% as of March 31, 2025.

Asset quality also improved, with the Net NPA ratio declining by 40 basis points YoY to 0.82%, and the Provision Coverage Ratio (PCR) increasing by 180 bps to 92.39%. The slippage ratio improved to 1.36% (down 22 bps YoY), while credit cost fell by 2 bps to 0.76%.

Bank of India's Capital Adequacy Ratio (CAR) stood at 17.77% at the end of FY25. The bank also highlighted the expansion of its digital services, offering over 440 services through its mobile banking app, “BOI Mobile Omni Neo Bank”.