Bank of India Net Profit stood at Rs.720 Cr, up by 188% over Q4FY21, with Operating Profit at Rs. 2,806 Cr up by 34% over Q4FY21. Non-Interest Income grew by 39% YoY and NIM improved by 15 bps sequentially with NII up by 7%. Retail Credit grew by 10.57% YoY, Agriculture Credit grew by 11.08% YoY and MSME Credit grew by 11.45% YoY. Advances grew by 11.02% YoY and it constitutes 51.36% of Advances and CASA deposits increased by 13.80% YoY. Gross NPA ratio down by 40bps YoY Net NPA ratio down by 23bps. Credit Cost declined by 241 bps over Q4FY21 and Slippage ratio declined by 96 bps over Q4FY21. YoY Provision Coverage Ratio (PCR) at 86.17% improved by 130 bps and YoY CRAR stood at 15.07% higher than both Mar’21 and Jun’20 RAM.
Further, Global Deposits increased by 4.73% YoY to Rs. 6,23,385 Cr in June’21. Domestic deposits went up by 6.71% YoY to Rs. 5,52,303 Cr during the same period, Domestic CASA went up by 13.80% YoY to Rs. 2,35,980 Cr in Jun’21 and CASA percentage stood at 43.22%. As on 30.06.2021, Bank’s total Capital Adequacy Ratio (CRAR) was at 15.07% against 14.93% in Mar’21. CET-1 ratio stood at 11.52% as on Jun’21 against 11.51% in Mar’21. Priority Sector advances increased by 10.58% YoY to Rs. 1,39,020 Cr in Jun’21 which constitutes 39.65% of ANBC. Advances to Small & Marginal farmers constitutes 9.35% to ANBC and that to Weaker sections constitutes 12.10%, which are well above the regulatory norm. Sanctions under PMSVANidhi 97.82% and disbursement, 96.91%.