Bank of India

Banks - Public Sector

NSE: BANKINDIA Mid Cap ISIN: INE084A01016
As on 01 November 2024 at 00:00
As on 01 November 2024 at 00:00
110.18
+1.49
(1.37%)
Over 1 Month
-0.64%
Over 6 Months
-27.35%
Over 1 Year
12.37%
Over 3 Years
82.42%
Summary
Close 110.18
Open 109.30
High 110.79
Low 107.21
Volume 27,74,089
Net Turnover 30,50,39,452.43
52 Week High 157.95
52 Week Low 95.05
52Wk High / Low
95.05
157.95
Key Financial Data
Market Cap (in ₹ Cr) 50,161.29
EPS 14.21
Book Value (BV) 136.58
Div. Yield 2.54
P/E 7.76
Price/Book Value 0.81
Delivery % 45.87
Face Value 10
Key Ratios
P/E ratio 9.87
P/B ratio 1.01
EV to Sales 13.15
PEG Ratio 0.24
ROA 0.70
ROE 11.07
Debt-Equity 13.61
Net Profit Margin 9.46
Operating Profit Margin -

Peer Comparison

Company LTP Market Cap (in ₹ Cr)
Bank of India ₹110.20 ₹50,170.40
HDFC Bank Ltd ₹1,737.80 ₹13,26,076.65
ICICI Bank Ltd ₹1,292 ₹9,10,686.85
State Bank of India ₹821.05 ₹7,32,755.93
Axis Bank Ltd ₹1,168.15 ₹3,61,383.55
Kotak Mahindra Bank Ltd ₹1,744.85 ₹3,46,904.82

News

Bank of India revises MCLR

W.e.f. 01st November 2024

31 Oct 2024

Bank of India gains for third straight session

Bank of India is quoting at Rs 107.55, up 4.79% on the day as on 12:49 IST on the NSE. The stock is up 12.21% in last one year as compared to a 28.12% jump in NIFTY and a 37.6% jump in the Nifty PSU Bank index.

30 Oct 2024

Bank of India schedules board meeting

On 11 November 2024

23 Oct 2024

Bank of India to convene EGM

On 3 December 2024

17 Oct 2024

Bank of India records 12% YoY growth in domestic deposits in Q2

Bank of India informed that its domestic deposits increased 12.34% to Rs 6,72,731 crore as on September 2024 compared with Rs 5,98,850 crore posted in September 2023.

07 Oct 2024

Financials

Profit and Loss

Particulars (in ₹ Cr.) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Total Revenue 66,804.34 54,747.61 45,954.56 47,441.30 49,066.34
Total Expenses 56,705.28 48,518.30 40,387.80 44,204.60 53,669.06
Profit Before Tax 10,099.07 6,229.31 5,566.76 3,236.71 -4,602.72
Profit After Tax 6,317.92 4,022.94 3,404.70 2,160.30 -2,956.89
Operating Profit after Depreciation 10,099.07 6,229.31 5,566.76 3,236.71 -4,602.72

Balance Sheet

Particulars (in ₹ Cr.) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Fixed Assets 10,078.81 9,852.43 9,489.56 8,550.27 8,690.37
TOTAL ASSETS 9,12,597.92 8,15,555.61 7,34,614.01 7,25,856.45 6,56,995.48
Total Shareholder's Fund 68,880.67 58,970.61 55,131.24 48,685.59 43,816.32

Cash Flow

Particulars (in ₹ Cr.) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Net Cash from Operating Activities -2,933.30 -5,799.42 -35,316.27 38,063.06 -4,833.93
Net Cash used in Investing Activities -1,890.22 -1,345.02 -834.66 -336.86 -350.43
Net Cash used in Financing Activities 3,365.34 -17.88 1,127.90 2,398.16 -3,170.82

Corporate Actions

Bank of India

₹2.8/Share

Announcement Date 18 Jun 2024
Record Date 18 Jun 2024
Div Yield 28%

About Bank of India

Bank of India (BoI) is a public sector bank in India. It provides a wide array of banking and financial services. These services include personal and business banking. This means it has loans, deposits, cards, insurance, and investment products.

It operates in the Banking and Financial Services sector. Bank of India was established on September 7, 1906. With a history spanning many years, it has a long-standing presence in the industry.
The headquarters of the Bank of India is located in the Bandra Kurla Complex, Mumbai, Maharashtra, India. This strategic location places it at the heart of India’s financial capital. The primary promoter of the Bank of India is the Government of India at 73.38%, ensuring robust support and stability.

Bank of India offers a diverse range of products. It offers home loans, personal loans, business loans, MSME loans, and education loans. There are also services for savings accounts, fixed deposits, and recurring deposits. The bank also does Internet banking and mobile banking. It also provides debit cards and credit cards. The bank also provides life insurance and general insurance services. There are also services for investments like Mutual funds and government bonds. It also provides NRI Services like accounts and investment options for Non-Resident Indians.

The registered office is located at Star House, C-5, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India. The bank is managed by a Board of Directors, with key positions held by senior officials appointed by the Government of India.
Here are the main managing promoters of the bank:
  • M R Kumar
  • Rajneesh Karnatak
  • P R Rajagopal
  • M Karthikeyan
  • Rajiv Mishra

While not the major player in its sector, the Bank of India has a significant presence with a vast network of branches across India and abroad. This extensive network underscores its commitment to serving a diverse customer base effectively.

History of the Bank

Bank of India (BoI) is one of India’s oldest and most respected financial institutions. It was established on September 7, 1906, by a group of eminent businessmen from Mumbai. The bank has grown from a single office to a global entity with a significant presence in the banking sector.

Early Years and Establishment
Bank of India was founded with a paid-up capital of ₹5 million and 50 employees. The founders envisioned a bank that would cater to the financial needs of the Indian population.  It will be adhering to high standards of integrity and service. The bank’s first office was in Mumbai, which was then the commercial capital of India. From its start, the Bank of India focused on providing superior banking services. This helped it quickly gain the trust and confidence of its customers.

Pre-Independence Era
During the pre-independence era, the Bank of India played a crucial role in supporting the Indian economy. It provided financial assistance to various sectors, including agriculture, industry, and trade. The bank’s commitment to serving the nation was evident in its efforts to support the economic activities of the time. Despite the challenges posed by colonial rule, the Bank of India continued to grow and expand its operations.

Post-Independence and Nationalization
After India gained independence in 1947, the Bank of India continued to play a vital role in the country’s economic development. The bank’s growth route took a significant turn on July 19, 1969. It was nationalized along with 13 other major banks. Nationalization marked a new chapter in the bank’s history. It became a public sector bank under the ownership and control of the Government of India. This move aimed to ensure that banking services reached the masses and contributed to the socio-economic development of the country.

Expansion and Technological Advancements
Post-nationalization, the Bank of India embarked on an ambitious expansion plan. It opened numerous branches across India, including rural and semi-urban areas. This ensured that banking services were accessible to a broader population. The bank also ventured into international markets, establishing branches in key financial centres around the world. Today, the Bank of India has a presence in 15 foreign countries. It has 47 branches/offices, including subsidiaries and joint ventures.

Bank of India has been at the forefront of adopting technological advancements to enhance its services. In 1989, it became the first nationalized bank to establish a fully computerized branch and ATM facility at its Mahalaxmi Branch in Mumbai. The bank is also a founding member of SWIFT (Society for Worldwide Interbank Financial Telecommunications). This facilitates cost-effective financial processing and communication services.

Innovations and Contributions
Over the years, the Bank of India has introduced several innovative services and systems. It pioneered the Health Code System in 1982 for evaluating and rating its credit portfolio. The bank has also been proactive in implementing various government schemes aimed at financial inclusion. This includes the Pradhan Mantri Jan Dhan Yojana (PMJDY). The scheme has brought millions of unbanked individuals into the formal banking system.

Bank of India’s journey from a single office in Mumbai to a global banking institution is big. It is proof of its resilience, innovation, and commitment to excellence. The bank has a rich history spanning over a century. It has significantly contributed to India’s economic development and financial inclusion. Bank of India remains a pillar of strength and trust for its customers, both in India and abroad.

FAQ’s

What is the share price of Bank of India today?
Bank of India share price as on 3 Nov 2024 is ₹110.18
What is the Market Cap of Bank of India?
The market cap of Bank of India stock is ₹50,161.29 Cr.
What is the PE Ratio of Bank of India?
The Price to Earnings (P/E) Ratio of Bank of India is 9.87
What is the PB Ratio of Bank of India?
The Price to Book (P/B) Ratio of Bank of India is 1.01
What is the 52 week high of Bank of India?
The 52 week high of Bank of India is ₹157.95
What is the 52 week low of Bank of India?
The 52 week low of Bank of India is ₹95.05

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