- Bank of India’s net income for the first quarter is 17 billion rupees, up 9.6% year-on-year.
- Gross non-performing assets reduced to 4.62% from 4.98% quarter-on-quarter.
- Provisions decreased by 30% quarter-on-quarter, totaling 12.9 billion rupees.
- Interest income increased by 18% year-on-year to 169.4 billion rupees.
- Interest expenses rose by 26% year-on-year, amounting to 106.6 billion rupees.
- Other income saw an 11% drop year-on-year, standing at 13 billion rupees.
- Operating profit slightly declined by 1.9% year-on-year, at 36.8 billion rupees.
- The coverage ratio for non-performing loans improved to 92.1% from 90.6% quarter-on-quarter.
- Capital adequacy ratio fell to 16.2% from 17% quarter-on-quarter.
- Analysts’ recommendations include 3 buys, 1 hold, and 1 sell.
A look at Bank Of India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Bank of India shows a promising long-term outlook based on the Smartkarma Smart Scores. With a perfect score of 5 in both Value and Dividend factors, the company proves its strength in offering attractive investment opportunities and stable dividend payments. Additionally, its Growth score of 4 indicates a potential for expanding its market presence in the future. However, the company’s Resilience and Momentum scores are comparatively lower at 2, which suggests some level of vulnerability to economic downturns and slower market momentum.
Despite facing challenges in resilience and momentum, Bank of India’s strong emphasis on value, dividends, and growth aspects positions it well for long-term sustainability and profitability. The company’s strategic focus on catering to corporate, commercial, and retail customers, particularly in the upmarket segment, reflects a diversified business model aiming for steady growth and stability in the competitive banking sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
