BOI reports net profit of Rs 720 cr for FY-2021

Bhopal | Wednesday | 4th August, 2021

Summary:

Bank of India Net Profit stood at Rs 720 Cr, up by 188% over Q4FY21, with Operating Profit at Rs 2,806 Cr up by 34% over Q4FY21. Retail Credit grew by 10.57% YoY, Agriculture Credit grew by 11.08% YoY and MSME Credit grew by 11.45% YoY. Credit Cost declined by 241 bps over Q4FY21 and Slippage ratio declined by 96 bps over Q4FY21. 5,52,303 Cr during the same period, Domestic CASA went up by 13.80% YoY to Rs. CET-1 ratio stood at 11.52% as on Jun’21 against 11.51% in Mar’21..