30 July 2018 BOB reported net profit of INR5.3b (highest in past six quarters) led by lower than expected credit cost. NII grew by 29% YoY on the back of 12% YoY loan growth and 14bp QoQ margin expansion to 2.65%. Total income grew 12% YoY which coupled with controlled opex enabled PPoP growth of 13% YoY at INR30b. Domestic advances grew at robust 19.8% YoY whereas global advances grew by 10% YoY. Domestic loan growth was driven by retail growth of 34% YoY (43% YoY growth in home loans) while domestic corporate portfolio also reported 23% YoY growth. Deposits growth was muted at 2% YoY while CASA ratio stood at 40.8% (Average daily CASA ratio stood at 39.34%). CET-1 ratio stood at 9.27% v/s 9.23% in 4QFY18.