30th January 2025 Mumbai
Profitability
v BOB reported a standalone Net Profit of INR 4,837 crore in Q3FY25 as against a profit of INR 4,579 crore in Q3FY24. Net Profit for 9MFY25 stands at INR 14,533 crore (+12.6% YoY) as against INR 12,902 crore in 9MFY24.
v Net Interest Income (NII) grew by 2.8% YoY to INR 11,417 crore in Q3FY25. NII for 9MFY25 registered a growth of 5.2% and stands at INR 34,639 crore.
v Non-Interest Income for Q3FY25 grew by 34.1% YoY and stands at INR 3,769 crore. Non-Interest Income for 9MFY25 stands at INR 11,438 crore up by 11% YoY
v Global NIM stands at 2.94% in Q3FY25. Global NIM for 9MFY25 stands at 3.08%.
v Yield on Advances stands at 8.35% in Q3FY25 as against 8.51% in Q3FY24.
v Cost of Deposits increased to 5.08% in Q3FY25 as against 4.96% in Q3FY24.
v Operating Income for Q3FY25 stands at INR 15,186 crore (+9.2% YoY). Operating Income for 9MFY25 stands at INR 46,076 crore registering a growth of 6.6%.
v Operating Profit for Q3FY25 stands at INR 7,664 crore (+9.3% YoY).
v Operating Profit for 9MFY25 increased by 6.3% to INR 24,303 crore.
v Cost to Income ratio improved by 4 bps YoY and stands at 49.53% for Q3FY25. Cost to Income ratio of 9MFY25 stands at 47.26%.
v Return on Assets (RoA) (annualised) stands at to 1.15% in Q3FY25. RoA for 9MFY25 stands at 1.17%
v Return on Equity (RoE) (annualised) for Q3FY25 stands at 17.01%. RoE stands at 17.03% for 9MFY25.
v For the consolidated entity, Net Profit stood at INR 5,214 crore in Q3FY25 as against INR 4,789 crore in Q3FY24.
Asset Quality
v The Gross NPA of the Bank reduced by 11.9% YoY to INR 28,471 crore in Q3FY25 and Gross NPA Ratio improved to 2.43% in Q3FY25 from 3.08% in Q3FY24.
v The Net NPA Ratio of the Bank stands at a low of 0.59% in Q3FY25 as compared with 0.70% in Q3FY24.
v The Provision Coverage Ratio of the Bank stood at 93.51% including TWO and 76.03% excluding TWO in Q3FY25.
v Slippage ratio declined to 0.81% for 9MFY25 as against 1.06% in 9MFY24. Slippage ratio for the quarter also remains contained at 0.90% for Q3FY25 as against 0.95% in Q3FY24.
v Credit cost stands at 0.30% for Q3FY25 and 0.47% for 9MFY25.
Capital Adequacy
v CRAR of the Bank stands at 15.96% in Dec’24. Tier-I stood at 13.44% (CET-1 at 12.38%, AT1 at 1.06%) and Tier-II stood at 2.52% as of Dec’24.
v The CRAR and CET-1 of consolidated entity stands at 16.36% and 12.86% respectively
v The Liquidity Coverage Ratio (LCR) consolidated stands at 130% (approx.).
Business Performance
v Global Advances of the Bank increased to INR 11,73,034 crore, +11.8% YoY.
v Domestic Advances of the Bank increased to INR 9,64,869 crore, +11.9% YoY.
v Global Deposits increased by 11.8% YoY to INR 13,92,461 crore.
v Domestic Deposits increased by 9.2% YoY to INR 11,65,874 crore in Dec’24.
v International Deposits grew by 27.3% on a YoY basis to INR 2,26,588 crore in Dec’24.
v Organic Retail Advances grew by 19.5%, led by growth in high focus areas such as Auto Loan (21.1%), Home Loan (16.6%), Mortgage Loan (16.3%), Education Loan (16.9%) on a YoY basis.
v Agriculture loan portfolio grew by 12.5% YoY to INR 1,51,050 crore.
v Total Gold loan portfolio (including retail and agri.) stands at INR 58,172 crore, registering a growth of 29.1% on a YoY basis.
v Organic MSME portfolio grew by 13.6% YoY to INR 1,31,769 crore.
v Corporate advances registered a growth of 6.8% YoY and stands at INR 3,87,405 crore.
Financial results for Quarter and 9 months ended 31st December 2024
Financial results for Quarter and 9 months ended 31st December 2024
| Particulars (INR crore) | Q3FY24 | Q2FY25 | Q3FY25 | YoY(%) | 9MFY24 | 9MFY25 | YoY(%) |
| Interest Income | 28,605 | 30,263 | 30,908 | 8.0 | 83,023 | 90,800 | 9.4 |
| Interest Expenses | 17,504 | 18,641 | 19,491 | 11.3 | 50,094 | 56,161 | 12.1 |
| Net Interest Income (NII) | 11,101 | 11,622 | 11,417 | 2.8 | 32,929 | 34,639 | 5.2 |
| Non-Interest Income | 2,810 | 5,181 | 3,769 | 34.1 | 10,304 | 11,438 | 11.0 |
| Operating Income | 13,912 | 16,803 | 15,186 | 9.2 | 43,233 | 46,076 | 6.6 |
| Operating Expenses | 6,897 | 7,326 | 7,522 | 9.1 | 20,373 | 21,774 | 6.9 |
| Operating Profit | 7,015 | 9,477 | 7,664 | 9.3 | 22,859 | 24,303 | 6.3 |
| Total Provisions (other than tax) and contingencies | 666 | 2,336 | 1,082 | 62.5 | 4,774 | 4,429 | -7.2 |
| of which, Provision for NPA Bad Debts Written-off | 1,007 | 1,733 | 871 | -13.5 | 4,986 | 3,874 | -22.3 |
| Profit before Tax | 6,349 | 7,141 | 6,582 | 3.7 | 18,085 | 19,873 | 9.9 |
| Provision for Tax | 1,769 | 1,903 | 1,745 | -1.4 | 5,183 | 5,340 | 3.0 |
| Net Profit | 4,579 | 5,238 | 4,837 | 5.6 | 12,902 | 14,533 | 12.6 |
Business position
| Particulars (INR crore) | Dec 31 2023 | Sep 30 2024 | Dec 31 2024 | YoY (%) |
| Domestic deposits | 10,67,371 | 11,50,791 | 11,65,874 | 9.2 |
| Domestic CASA | 4,34,337 | 4,58,425 | 4,62,617 | 6.5 |
| Global deposits | 12,45,300 | 13,63,486 | 13,92,461 | 11.8 |
| Domestic advances | 8,62,086 | 9,38,883 | 9,64,869 | 11.9 |
| Of which, retail loan portfolio (Organic) | 2,03,627 | 2,32,311 | 2,43,360 | 19.5 |
| Global advances | 10,49,327 | 11,43,039 | 11,73,034 | 11.8 |
Key Ratios
| Particulars | Q3FY24 | Q2FY25 | Q3FY25 |
| NIM Global % | 3.10 | 3.10 | 2.94 |
| Return on Assets (%) | 1.20 | 1.30 | 1.15 |
| CRAR (%) | 14.72 | 16.26 | 15.96 |
| CET-1 (%) | 11.11 | 12.67 | 12.38 |
| Gross NPA (%) | 3.08 | 2.50 | 2.43 |
| Net NPA (%) | 0.70 | 0.60 | 0.59 |
| PCR (with TWO) (%) | 93.39 | 93.61 | 93.51 |
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