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New Delhi: State-owned Bank of India shares edges higher by 3.79% as the bank has recommended a dividend of Rs.4.05 (i.e. 40.50%) per equity share (Face Value Rs.10/- each fully paid up) for the FY2024-25 subject to approval of shareholders at the ensuing Annual General Meeting on 27th June, 2025.
Meanwhile, the Bank has fixed the Record Date/cut-off date as 20th June, 2025 for the purpose of dividend payment. Hence, shareholders having shares as on the cut-off date i.e. 20th June, 2025 shall be eligible for dividend payment.
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Financial Performance:
The Bank’s Net Profit for FY25 stands at Rs 9,219 crores, witnessing growth of 46% YoY, while the Net Profit for Q4FY25 grew by 82% YoY to Rs 2,626 crores.
Operating Profit for FY25 grew by 17% YoY to Rs.16,412 crores while Operating Profit for Q4FY25 grew by 37% YoY to Rs. 4,885 crores.
Bank’s Global Advances grew by 13.74%, with Domestic Advances grew by 14.45% YoY. Bank’s Global Advances crossed Rs 6 Lakh crores. Bank’s Deposits grew by 10.65% YoY, with Domestic Deposits grew by 11.21% YoY. CASA Deposit grew by 3.86% YoY and CASA ratio stands at 40.28% as on 31st March, 2025.
Gross NPA ratio at 3.27% improved by 171 bps YoY.
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Stock Performance and Price Target:
Shares of Bank of India are trading higher by 3.79% at Rs 114.29 at NSE. The stock has been corrected over 2.89 basis points in the last one month and was opened today at Rs 110.50. The 52-week high is at Rs 137.45 and the dividend yield is at 2.45%.
The target price of the stock is Rs 123.8, with a slight upside of 12.32%. The current price target is at Rs 110.2 as of 9th May.
Dividend History:
The Bank has declared 5 dividends since 2014 and in the last one year it has given a dividend of Rs 3.00 per share.
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