Bank Of India provides its Quater 3 2024 updates today 2 February 2024. The share follows an upsurge of 4% after the release. The bank’s quarter results showed positive signs of domestic growth. BOI records more growth this quarter. There has been an increase in the overall performance for the quarter by the company. We will share details about Bank of India Q3 results 2024 below. Bank Of India has had a long journey till now. Let us explore more about the Bank Of India Q3 Results 2024 net profit, earnings, NII, CASA & Deposits below.
Bank Of India Q3 results 2024 released by the bank with NII, Net Income, and earnings. It gave a positive result for the quarter. Everyone is curious to know more about the release of the bank’s performance. As per the reports Bank of India has an increase in domestic deposits. The bank witnessed 7.6% YoY growth by December end. The domestic deposits are Rs. 5.99 Lakh Crore which was Rs. 5.56 Lakh Crore in the previous year.
More people are preferring the advances from the bank. Bank Of India witnessed an increase in domestic advances by 11.6% YoY. It means that the bank had Rs. 4.26 Lakh Crore of advances in Q3 2023, which raised to Rs. 4.76 lakh crore in Q3 2024. It means the bank gained more trust in the domestic market over the years. The people get advances & loans at better interest rates. Apart from the deposits and advances, the company’s global business also outperformed in the market.
Bank Of India did a business of Rs. 12.76 lakh crore globally. It was Rs. 11.61 lakh crore in Q3 2023. A total of 9.90% of the rise was observed in the business YoY basis. The company had growth in overall business compared to the previous year. Let us have a look at the share performance of the company below.
Bank Of India’s shares moved up by 4.5% today. The market opened with a share price of Rs. 146.50 in the Friday trade session. It made its previous close on Rs. 145.40. It expects to close higher than the previous close. The market cap of the Bank Of India is Rs. 69.36 TCr with a 52-week high of Rs. 156.25. We will provide more information about the Bank of India further. The company has 13.09% growth in the last 5 days. The shares follow an upsurge in the past month. We hope you get enough details about the Bank Of India Q3 results 2024 updates above.