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Mumbai, January 31, 2020:


Net Profits for consecutive four quarters
Net Profit stands at Rs.106 crore.
NIM (Domestic) improves to 3.45%.
Non-Interest Income increases by 63.59%.
Cost to Income Ratio improves to 37.55%.


· Global Business of the Bank stood at Rs. 9,00,825 crore as on December 31, 2019 against Rs. 8,87,931 crore as on December 31, 2018.

· Domestic Business stood at Rs. 7,86,192 crore as on December 31, 2019 against Rs. 725,264 crore in December, 2018, signifying Y-o-Y increase of 8.40%. The overseas business stood at Rs. 1,14,632 crore as on 31st December, 2019 vis a vis Rs. 1,62,667 crore as on 31st December, 2018.

· CASA Deposits (Domestic) grew by 9.55% YoY and its share in Domestic deposits improved sequentially qoq from 42.35% in September 2019 to 42.69% in December 2019.

· The domestic Advances increased by 6.71% i.e. from Rs. 3,11,815 crore in December, 2018 to Rs. 3,32,734 crore in December, 2019. The Gross Advances (Global) stood at Rs. 3,78,686 crore as on December 31, 2019 against Rs. 3,72,803 crore as on December 31, 2018.

· The RAM Advances (Retail, Agriculture and MSME) increased from Rs. 1,56,442 crore as on December 31, 2018 to Rs.1,64,655 crore as on December 31, 2019, with 5.25% YoY growth and its share in Advances stood at 49.49% in December 2019.

· Retail Credit grew from Rs. 53,524 crore in December,2018 to Rs.58,848 crore in December,2019, i.e. with an increase of 9.95%.

· Priority Sector advances stood at Rs.1,24,267 crore which constitutes 41.38 % of ANBC. Agriculture advances were Rs. 51,930 crore forming 17.29 % of ANBC.

· The total Risk Weighted Assets (RWAs) reduced from Rs. 3,05,953 crore in March,2019 to Rs.3,02,849 crore in December,2019, i.e. reduction of Rs.3,104 crore or -1.01%


· The Bank’s Net NPA ratio contained at 5.97%, with provision coverage of 77.15% in December, 2019.

· Gross NPAs increased marginally from Rs.61,476 crore in September 2019 to Rs.61,730 crore in December 2019. Net NPA contained at Rs. 20,113 crore in December, 2019.

· Gross NPA ratio stood at 16.30% in December, 2019.

PROFIT – Q3 FY2019-20:

· The Net Interest Income rose by 23.62% from Rs. 3,332 crore in December, 2018 to Rs. 4,119 crore in December, 2019.

· The Non-Interest Income increased by 63.59% from Rs. 1,530 crore in December, 2018 to Rs.2,503 crore in December, 2019. There has been marked improvement in Recovery in written off account which went up by 410% from Rs.262 crore in December, 2018 to Rs. 1,337 crore in December, 2019.

· The Bank’s Operating Profit increased by 82% from Rs.2,273 crore in December, 2018 to Rs. 4,135 crore in December 2019, bolstered by both rise in NII and non-interest income.

· The Net Profit (PAT) of the Bank stood at Rs. 106 crore vis-à-vis Net Profit of Rs. (-) 4,738 crore in December, 2018.


· The CRAR on solo basis (Basel III) stood at 14.20% as December 31, 2019. The Tier-I Capital stood at 11.17% and Tier -II Capital at 3.03%. The CET ratio stood at 11.14%.


· NIM (Global) improved from 2.55% for Q3 of FY 2018-19 to 3.07% in Q3 of current year. Similarly, NIM (Domestic) improved from 3.02% for Q3 of FY 2018-19 to 3.45% in Q3 of current year.

· Yield on Advances (Global) improved from 8.31% in Dec, 2018 to 8.91% in Dec, 2019. The Domestic Yield on Advances rose from 9.33% to 9.67% during the same period.

· Cost of Deposits (Domestic) improved from 5.23% in Dec, 2018 to 5.08% in Dec, 2019.

· Cost to Income ratio improved from 54.55% in Dec, 2018 to 37.55% in Dec, 2019.


· Internet Banking users (Retail) increased to 63.71 lakh as on December 31, 2019 from 56.40 lakh as on December 31, 2018.

· Mobile Banking users increased to 22.84 lakh as on December 31, 2019 from 8.94 lakh as on December 31, 2018.

· New Recycler machines have been installed & made live in 255 Star-Digi Branches.


· Bank of India has won the Second Most Trusted Brand Award in the Banks category awarded by the Reader’s Digest Trusted Brand, 2019.

· Ranked as the 2nd Most Trusted Brand among the PSU Bank category in 2018 declared by Economic Times in March 2019.

· In the India Banking Summit & Awards 2019, Bank of India ranked as Best Public Sector Bank 2019 by Synnex Group.

· Best Performing Public Sector Bank in APY Formation Day Campaign (FY2019-20) by PFRDA

· SKOCH Order of Merit AWARD 2019 in GOLD Category for BOI Mobile.

· ETBFSI Excellence Awards 2019 Most Innovative Large Size Bank of the year for QRCash

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