According to provisional figures released by the bank, global deposits rose 10.08% YoY to Rs 8.53 lakh crore, while gross global advances surged 13.94% to Rs 7.09 lakh crore, highlighting robust credit demand and healthy asset growth.
Domestically, deposits grew 8.53% to Rs 7.30 lakh crore, and retail term deposits jumped 14.15% to Rs 3.45 lakh crore, reflecting strong retail traction. Domestic gross advances saw an impressive 14.62% YoY rise, reaching Rs 5.97 lakh crore, supported by consistent lending momentum across sectors.
The bullish stock movement may be attributed to the sustained pickup in credit offtake and improving deposit mobilisation, especially in the retail segment. The healthy YoY growth across business metrics suggests a strengthening balance sheet and improving earnings potential for the state-run lender.
The figures, though provisional, are subject to audit by the Statutory Central Auditors of the Bank.
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In a separate filing, Bank of India also informed that its Extraordinary General Meeting (EGM) is scheduled to be held through video conferencing or other audiovisual means on Friday, November 7.
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