New Delhi: Public sector lender Bank of India on Monday reported 63% year-on-year growth in profit to Rs 2,374 crore for the July-September quarter (Q2) of the current financial year 2024-25 (FY25).
The bank had posted a profit of Rs 1,458 crore in the Q2 of the previous financial year 2023-24.
Bank of India’s total income increased to Rs 19,872 crore in the July-September quarter of the current fiscal from Rs 16,659 crore in the corresponding period of the previous financial year.
The bank opened 5.77 lakh new Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts during Q2 of FY25 and 9.55 lakh new accounts during the first half of the current fiscal.
As of September 30, 2024, Bank of India has 5,191 domestic branches.
“Bank’s total Capital Adequacy Ratio improved by 100 bps and stood at 16.63% as on 30.09.24 against 15.63% as on 30.09.23,” the public sector bank said in a statement. UNI
