Shares of state-owned Bank of India rose 3.79% to ₹114.29 on the NSE after the bank recommended a dividend of ₹4.05 per equity share (40.50% on a ₹10 face value) for FY2024-25, subject to shareholder approval at its upcoming AGM on June 27, 2025. The record date for eligibility is set as June 20, 2025.
The positive momentum follows a robust financial performance, with the bank reporting a 46% year-on-year (YoY) rise in net profit to ₹9,219 crore for FY25. Q4FY25 net profit surged 82% YoY to ₹2,626 crore. Operating profit also witnessed strong growth, up 17% YoY for the fiscal at ₹16,412 crore and 37% for Q4FY25 at ₹4,885 crore.
Bank of India’s global advances grew 13.74%, surpassing ₹6 lakh crore, while deposits rose 10.65% YoY. Domestic advances and deposits saw healthy growth of 14.45% and 11.21% respectively. The bank also improved its asset quality, with Gross NPA ratio dropping by 171 basis points YoY to 3.27%.
Despite a recent dip of 2.89% over the last month, the stock has a 52-week high of ₹137.45 and a dividend yield of 2.45%. Analysts have set a target price of ₹123.80, indicating a potential upside of 12.32%.
Bank of India has declared five dividends since 2014, including ₹3.00 per share in the last fiscal year.
About Bank of India
Bank of India is an Indian public sector bank headquartered in Bandra Kurla Complex, Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969. BoI is a founding member of SWIFT, which facilitates provision of cost-effective financial processing and communication services.
