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2h ago

PSU Banks Log Q2 Provisional Gains: BOI Loans Up 14.6%, BoM Advances 16.8%

Investors are waiting for audited results to assess margins and provisions.

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Shares of Bank of India closed at Rs 125.90 on the BSE, registering an uptick of Rs 0.40 or 0.32% on BSE today.
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Overview

  • Bank of India’s provisional update showed domestic gross advances at about Rs 5.97 lakh crore, up 14.62% year-on-year, with domestic deposits up 8.5% to roughly Rs 7.30 lakh crore.
  • BOI’s global business reached about Rs 15.62 lakh crore, rising 11.8% year-on-year, as global advances grew 13.94% to around Rs 7.09 lakh crore and global deposits increased 10.08% to about Rs 8.53 lakh crore.
  • Asset quality at BOI improved in the quarter, with the gross NPA ratio at 2.92% and the net NPA ratio at 0.75%, while domestic retail term deposits rose 14.15% to roughly Rs 3.45 lakh crore.
  • Bank of Maharashtra reported advances of approximately Rs 2.54 lakh crore, up about 16.8% year-on-year, total deposits of around Rs 3.09 lakh crore up 12.1%, a CASA ratio of 50.35%, and a credit–deposit ratio near 82%.
  • The disclosures were filed as provisional figures after market hours on Oct. 6, and BOI shares rose as much as 2.7% on Tuesday following the update.