- Bank of India’s net income for the third quarter is 25.2 billion rupees, marking a 35% increase year over year, compared to 18.7 billion rupees in the previous year.
- Gross non-performing assets have improved, decreasing to 3.69% from 4.41% quarter over quarter.
- Provisions have significantly decreased to 3.04 billion rupees, down by 71% quarter over quarter.
- Interest income is robust, amounting to 182.2 billion rupees, showing a 20% year-over-year increase.
- Interest expense has climbed to 121.4 billion rupees, representing a 25% increase year over year.
- Other income has surged, reaching 17.5 billion rupees, a 47% increase compared to the previous year.
- The bank’s operating profit stands at 37 billion rupees, reflecting a 23% year-over-year growth.
- Analyst recommendations for the Bank of India 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 | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 4.0 |
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 is positioned for a promising long-term future according to the Smartkarma Smart Scores. With top marks in both Value and Dividend scores, the company demonstrates strong fundamentals and a commitment to shareholder returns. Additionally, its robust Growth score indicates potential for expansion in key areas. While Resilience and Momentum scores are slightly lower, Bank of India’s overall outlook remains positive, underlining its stability in the market.
Bank of India, known for its focus on corporate and medium businesses, as well as upmarket retail customers, is set to leverage its strengths in value and dividends for continued success. The company’s high scores reflect a solid foundation for growth and profitability, positioning it as a reliable player in the banking sector for the long haul.
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.
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