Bank of India’s share price saw a notable gain of nearly 3% in early trade on January 11, driven by the company’s robust performance in deposits and advances for the December quarter.
As of 9:53 am, the shares were trading 2.03% higher at ₹120.60.
The state-owned bank reported a substantial 9.9% increase in its total global business, reaching Rs 12,76,389 crore. Notably, total global deposits exhibited an 8.66% surge, totaling Rs 7,10,307 crore, with domestic deposits showing a commendable 7.62% increase at Rs 5,99,137 crore, as per the bank’s business update.
Bank of India also recorded an impressive 11.5% jump in its gross global advances, reaching Rs 5,66,081 crore. Additionally, domestic advances witnessed a strong growth of 11.60%, totaling Rs 4,76,125 crore compared to the year-ago period.
