Bank of India

NSE: BANKINDIA | BSE: 532149 | ISIN: INE084A01016 |Industry: Banks
|Falling Comet
54.80 -0.05 (-0.09%)
NSE Nov 30, 2021 14:04 PM
Volume: 3.6M
 

Bank of India    
02 Nov 2021
54.80
-0.09%

Key Highlights – Q2FY22:

  • Net Profit for Q2FY22 stood at Rs.1,051 Cr, up by 99.89% YoY.
  • Return on Assets (RoA) stood at 0.53%, improved by 25bps YoY. 
  • NIM stood at 2.42%, improved by 26 bps sequentially. 
  • NII stood at Rs.3,523 Cr up by 12.06% sequentially. 
  • Yield on Advances at 7.01%, increased by 34 bps sequentially. 
  • Gross NPA ratio at 12%, down by 151 bps sequentially. 
  • Net NPA ratio at 2.79% down by 56 bps sequentially. 
  • Provision Coverage Ratio (PCR) at 87.81%. 
  • CRAR stood at 17.05% higher than both Mar’21 and Jun’21. 
  • RAM Advances grew by 10.45% YoY and it constitutes 53.65% of Advances. 
  • CASA deposits increased by 12.31% YoY and CASA% at 43.11%. 
  • Credit Cost stood at 0.26%, declined by 207 bps YoY. 
  • Slippage ratio stood at 0.36%, declined by 75 bps sequentially.

Q2-FY22:

  • Net Profit for the quarter stood at Rs.1,051 Cr for Q2FY22 against Rs. 526 Cr in Q2FY21, jumped by 99.89% YoY. On a sequential basis, Net Profit improved by 45.97% from Rs. 720 Cr.
  • Operating Profit stood at Rs. 2,678 Cr for Q2FY22.
  • Net Interest Income (NII) stood at Rs. 3,523 Cr for Q2FY22. On a sequential basis, it increased by 12.06% from Rs. 3,144 Cr in Q1FY22. 
  • Non-Interest Income increased by 58.71% YoY to Rs. 2,136 Cr for Q2FY22 against Rs. 1,346 Cr in Q2FY21.
H1-FY22:
  • Net Profit for H1FY22 improved by 29.33% YoY and stood at Rs. 1,771 Cr for Q2FY22 against Rs. 1,369 Cr in H1FY21. 
  • Operating Profit stood at Rs. 5,427 Cr for H1FY22. 
  • Net Interest Income (NII) stood at Rs. 6,668 Cr for H1FY22. 
  • Non-Interest Income increased by 43.03% YoY to Rs.4,456 Cr for H1FY22.

 

 

Result PDF

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Geojit BNP Paribas decreased Hold price target of Bank of India to 66.0 on 15 Nov, 2021.
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