Bank of India Ltd. (BIL) reported fourth quarter net profit grew 7% year-on-year (YoY) to ₹1,439 crore.
Operating profit was lower at ₹3,557 crore as against ₹4,184 crore in the year earlier period. Q4 Net Interest Income (NII) rose 7% to ₹5,937 crore.
BIL’s FY24 net profit rose 57% to ₹6,318 crore. Operating profit improved 5.05% to ₹14,069 crore.
FY24 NII rose 14% to ₹23,053 crore.
Global business
BIL’s global business increased 11.65% from ₹11,85,438 crore in FY23 to ₹13,23,515 crore in FY24.
Global deposits increased 10.21% from ₹6,69,586 crorein FY23 to ₹7,37,920 crore in FY24.
Global advances increased 13.52% from ₹5,15,852 crore in FY23 to ₹5,85,595 crore in FY24.
Gross NPA slid 23% from ₹37,686 cr in FY23 to ₹29,183 crore in FY24.
Net NPA declined by 15% from ₹8,054 crore in FY23 to ₹6,845 crore in FY24.
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