Bank of India total income for the 2nd Quarter FY10 shows a growth of 11.99%
Mumbai, 29th October, 2009:
HIGHLIGHTS FOR THE QUARTER ENDED 30th SEPTEMBER 2009
Business Mix reaches Rs.348953 crores - robust rise of 18.87 % .
Net Profit at Rs.323 Cr.
Operating Profit at Rs. 1206 Cr.
Net Interest Income rises by 3.37% to Rs.1409Cr from Rs.1363 Cr YoY.
Net Interest Margin at 2.57%.
Non Interest Income rises by 4% from Rs.650 Cr to Rs.676 Cr YoY.
Gross NPA ratio at 2.61% .
Net NPA ratio at 1.08% .
Provision coverage stands at 59.06%.
Cost to Income Ratio is at 42.16%.
Return on Assets is at 0.55% .
Total Income for the Quarter rose to Rs.5165 Cr from Rs.4612 Cr in Sep’08, showing a growth of 11.99%.
Bank has made adequate provisions for terminal benefits, in line with AS 15 requirements. Rs. 105.75Cr estimated and provided during the quarter.
CASA amounted to Rs. 52766 Cr constituting 32% of Total Deposits as against 31% in March’09.
Earnings per share at 6.16.
Book value per share rises from Rs. 189.24 in Sep’08 to Rs.229.15.
Capital Adequacy Ratio rises to 13.52% in Sep’09 from 12.26 %as per Basel II .
Deposits grew by 20.99% on YoY basis to Rs.1,98,715 Cr.
Advances rose by 16.18% to reach Rs.1,50,238 crores.
Total no of branches are 3097.
All branches are functioning on CBS platform, spanning over 1920 cities & towns.
Networth of the Bank is at Rs.12051 crores.
Other Highlights
Bank of India has been rated by Economic Times /The Nielsen company survey
“The Most Trusted Brands “ (MTB) 2009 as follows:
Under PSU Banking Category –2nd Next TO SBI
NDTV Profit Business Leadership Awards 2009
Bank of India adjudged the “Best Bank” in public sector bank category.
(This is a press release from Bank of India)
