Bank Of India Share Price Target 2024-2030 Fundamentals & Quarterly Results

Bank Of India Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – The state-owned Bank of India 29 stands out as a commercial bank whose headquarters are located in Mumbai. Its various banking products and services target both corporate and retail customers. The bank also offers diverse services such as foreign exchange operations for businesses, merchant banking for NRIs, etc. In addition, there are specialized branches that handle asset recovery operations, high-tech agricultural financing, lease financing for small-scale enterprises, among others.

Latest Update – Bank of India (BoI), which is state-owned, has indicated that net income for Q1FY25 ending in June 2024 increased by 10% annually (YoY), as a result of lower tax payments. Its net profit during the quarter was at Rs 1,703 crore against Rs 1,551 crore attained in the same period last year.

Bank of India Overview

Bank Of India is a domestic bank within India. The Bank’s segments consist of Treasury Operations, Wholesale Banking and Retail Banking. The Treasury operations segment comprises the whole investment portfolio that deals with government and other securities, money market operations as well as foreign exchange dealings.

Also Check Titan Share Price Target

Bank Of India Business Profile

As of FY24, the bank’s advances amounts to Rs. 5.85 lakh Cr and its total business (Advances + Deposits) is Rs. 13.24 lakh Cr, making it the sixth-largest nationalized bank in India. The Bank provides several services including but not limited to investing in monetary securities, business property speculation funds, safe keeping deposits, buying and selling of gold bars and lending plastic cards.Three divisions make up the bank’s activities; namely Treasury Operations, Wholesale Banking Operations and Retail Banking Operations.

Also Check Borosil Renewables Share Price Target

Branch Network.

Currently, in FY24, the financial institution boasts an expansive system consisting 34,683 client interaction channels made up of 5,177 bank branches, 8,234 automatic teller machines (ATMs) and 21272 corporate agents.

Rural: 36%
Semi-Urban: 28%
Metro: 19%
Urban: 16%

Also check IEX Share Price Target

Loan Book

For the bank, the overall advances for the first quarter of financial year 2025 are ₹ 6,00,264 Crores as contrasted to ₹ ~4,57,000 Crores for financial year 2022. [11] [12] Goss domestic loan book was at Rs. 5,08,169 Crores in Q1 FY25.

Retail: 23%
Agriculture: 18%
MSME: 16%
Corporate & Others: 44%

Also Check Settlement Holidays List

International Business

The institution internationalized its portfolio by establishing 21 foreign branches in addition to a representative office, 4 overseas subsidiaries, one joint venture (JV) and an IFSC banking unit. Its foreign operations are scattered over five continents and fifteen countries namely: the United States of America; Cayman Islands; United Kingdom (UK); France; Belgium; Tanzania; Kenya among others. By FY24, this will approximate around 15 percent of the overall mix for the bank’s total business.

Also check Share Market Holiday List

New Products

In that fiscal year 2024, the new products “BOI Star Family Savings Account” and “BOI Star Rooftop Solar Panel Finance” were introduced by the bank; individuals could borrow up to Rs.10 lakhs, while registered housing societies could be lent up to Rs.1 Cr.

Also Check MCX Holidays List

With the Bank’s BOI Mobile Omni Neo app, more than 300 features are at your fingertips for all your banking, investment and payment needs. For FY24, it upgraded its digital infrastructure by launching a new data center as well as enhancing intrabank networks. According to Q1 FY25, the bank had 90 lakh internet banking customers and 49 lakh mobile banking subscribers.

Also Check ITC Share Price Target

Outlook

The bank is projecting an increase of approximately 13% in its domestic credit and about 12% in case of domestic deposits for FY25, with emphasis on the CASA and retail term deposits. The plan it has includes increasing high yielding advances such as RAM (Retail, Agriculture, and MSME) as well as Mid-Corporate Advances, collecting low-cost funds, and sustaining a NIM of 3% by FY25.

Also Check NSE Holidays List

Bank Of India Fundamentals & Quarterly Results

Also Check BSE Holidays List

Bank Of India Quarterly Results

Also Check IFCI Share Price Target

CAGR Report

Bank Of India Shareholding Pattern

Bank Of India Share Price Target 2024-2030 Forecast

BANK OF INDIA Share Price Target 2025

BANK OF INDIA Share Price Target 2026

BANK OF INDIA Share Price Target 2027

BANK OF INDIA Share Price Target 2028

BANK OF INDIA Share Price Target 2029

BANK OF INDIA Share Price Target 2030

Official Website – bankofindia.co.in