Bank of India Upgraded to Quality Grade Amid Strong Financial Performance and Market Position

Bank of India has recently undergone an evaluation revision, reflecting its strong financial performance and market position within the public banking sector. The bank has demonstrated notable growth in key metrics, including a five-year net profit growth rate of 38.62% and a net interest income growth of 8.73%. Additionally, the bank maintains a robust capital adequacy ratio of 14.27%, indicating a solid financial foundation.
The bank's advance-to-deposit ratio stands at 70.76%, showcasing effective asset utilization. Furthermore, the gross non-performing assets (NPA) ratio is reported at 3.27%, significantly lower than the average of its peers, which is 7.86%. This positions Bank of India favorably in terms of asset quality.

In comparison to its peers, Bank of India holds a competitive edge, with several other banks in the sector also performing well, yet not matching its growth metrics. The bank's cost-to-income ratio averages 51.92%, while its net interest margin is at 2.57%. These indicators highlight the bank's operational efficiency and profitability relative to its competitors. Overall, the evaluation adjustment underscores Bank of India's strong standing in the public banking industry.