The Tier II capital is raised for augmenting the overall capital of the Bank and for enhancing the long term resources in accordance with the RBI guidelines.  The funds raised by the Bank through this issue is not meant for financing any particular project.  The Bank shall utilize the proceeds of this issue for its normal business activities.

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Speaking on the occasion, Mr. Vinayak Shukla, General Manager – MSME, Bank of India, said: “Through this partnership with Cashinvoice, we aim to leverage their digital expertise and market insights to offer seamless financing solutions to corporates and their supply chain partners. This collaboration underscores our commitment to innovation and customer-centricity in the MSME and corporate financing space.”

Commenting on the partnership, Mr. Arun Poojari, MD & CEO, M/s Indinvoice Tech Solutions Pvt. Ltd., said: “We are excited to collaborate with Bank of India under the Supply Chain Finance framework. Our technology-driven sourcing and credit facilitation capabilities are uniquely positioned to complement BOI’s financial strength and wide outreach. Together, we aim to deliver faster, more efficient, and scalable financing solutions to corporates, dealers, and vendors, thereby bridging the working capital gap across industries.”

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Bank’s Global Advances grew by 12.02% with Domestic Advances grew by 11.24% YoY. Retail Advances grew by 20% YoY, MSME Advances grew by 17% YoY followed by Agriculture Advances which grew by 12% YoY.  Deposits grew by 9.07% YoY with Domestic Deposits grew by 9.62% YoY. CASA Deposit grew by 2.50% YoY and CASA ratio stands at 39.88% as on 30^th June, 2025.

On Asset quality front, Net NPA ratio stand at 0.75% improved by 24 bps YoY an PCR improved by 83 bps YoY and stands at 92.94%. Slippage Ratio for FY26 improved by 2 bps YoY and stands at 0.33%. Credit Cost for FY26 improved by 17 bps YoY to 0.68%. Capital Adequacy Ratio (CAR) as at the end of Q1FY26 stands at 17.39%.

As of date, 1 Crore plus customers on-boarded so far through Mobile Banking App “BOI Mobile Omni Neo Bank”. On the digital front, the share of Digital transactions in total transactions increased from ~94.2% in Q1FY25 to ~95.4% in Q1FY26.

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In line with the Department of Financial Services (DFS) directive and the Guidelines for Indian Government Websites & Apps (GIGW 3.0), Bank of India’s official website has been enhanced to cater to persons with diverse disabilities. By conforming to the Web Content Accessibility Guidelines (WCAG 2.1) and the Rights of Persons with Disabilities Act, the bank ensures barrier-free access to information and services for all users.

The STQC certification, awarded by STQC, Ministry of Electronics and Information Technology, Government of India, on 22nd July 2025, marks a significant step towards realizing the vision of accessible and citizen-friendly digital platforms across India.

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Spanning from 19th July to 25th July 2025, the outreach visits include interactive sessions with farmers, distribution of credit sanction letters, awareness drives focusing on financial inclusion, and promotion of government schemes tailored to the farming community. Through this Mega Outreach initiative, Bank of India aims to strengthen its bond with the agricultural sector, understand the evolving needs of farmers, and extend unwavering support through innovative and customized banking products and services.

The outreach program puts special emphasis on a wide range of agricultural and allied activities, including Kisan Credit Card (KCC) distribution and focused support for sectors such as SHG, dairy, poultry, fishery, and the financing of tractors and other agricultural implements. In addition, the Bank is facilitating credit for cold storage, Warehouse infrastructure and agro food processing units like Rice Mill, Pulse mill etc, aiming to promote sustainable agricultural practices, enhance productivity, and encourage value addition across the farming sector.

The Bank’s programs during this period encompass seminars on digital banking, financial literacy camps, Agri clinics for agricultural finance, and special drives for enrolling beneficiaries under government-sponsored schemes such as Kisan Credit Card (KCC), Atmanirbhar Bharat Schemes and more.

Bank of India reaffirms its dedication to the nation’s farmers and pledges to continue its proactive role in supporting agricultural growth and rural prosperity.

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Bank of India had declared dividend of Rs.4.05 per equity share (40.50%) for the financial year 2024-25.

For the full year 2024-25, Bank of India’s net profit jumped by 46%, which went up from Rs. 6,318 crores in FY24 to Rs. 9,219 crores for FY25.

By successfully paying dividends to the Government of India, Bank of India reaffirms its robust financial performance and unwavering dedication to creating value for its shareholders. This accomplishment stands as a testament to the bank’s commitment to excellence and its ability to generate consistent returns.

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Effective July 7, 2025, the Bank has rationalised interest rates on its Green Deposit and Savings Deposit products. The Green Deposit interest rate has been revised to 6.7% p.a. from 7% p.a. for a tenure of 999 days, applicable to deposits ranging from Rs. 1 lakh to less than Rs. 10 crore.

Similarly, the interest rate on Savings Deposits up to Rs. 1 lakh has been adjusted from 2.75% p.a. to 2.5% p.a. All other rates under the Savings Deposit category remain unchanged. These revisions are aligned with the recent repo rate cut and are aimed at maintaining a balanced rate structure between deposits and loans, while ensuring efficient transmission of monetary policy.

Bank of India has also reduced its home loan interest rates by 50 basis points, benefiting both new and existing borrowers. With this revision, the minimum interest rate on home loans now starts at 7.35%, depending on the borrower’s CIBIL score. The new rate structure is effective from June 16, 2025.

Further extending its customer-focused approach, the Bank has reduced the education loan interest rate to as low as 7.5% for students enrolling in reputed QHEIs (Quality High Education Institutes) across the country. Additionally, interest rates on select existing retail loans, including vehicle loans, have been cut by 50 basis points. These changes aim to make credit more affordable and accessible, while continuing to offer competitive and flexible loan options.

In a major step towards inclusive banking, Bank of India has waived charges on non-maintenance of minimum balance across all Savings Bank Account schemes with immediate effect. This initiative eliminates penalties for non-maintenance, thereby reducing the financial burden on customers, increasing account flexibility, and enhancing overall customer satisfaction.

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Bengaluru, June 30, 2025: Bank of India, one of India’s leading public sector banks, signed Memorandum of Understanding (MoU) with the National e-Governance Division (NeGD) under the Ministry of Electronics and Information Technology (MeitY), to promote the digital services of UMANG (Unified Mobile Application for New-age Governance) of Central / State Government departments through BOI Omni Neo APP platform.

This collaboration will enable Bank of India to provide access to over 250+ services pertaining to various essential Government departments including EPFO, PAN, Passport, Railways, ESIC significantly using BOI Omni Neo Mobile Banking Universal APP for enhancing citizen convenience and digital inclusivity.

The ceremony for the exchange of MoUs was held on 27^th June, 2025 at the NeGD Division, MeitY, New Delhi. The event was graced by key dignitaries from NeGD and Bank of India. Shri Debabrata Nayak (Chief Technology Officer) and Smt. Shampa Sudhir Biswas – General Manager, Bank of India jointly presided over the signing ceremony along with other Senior Officials of both the organisations marking a significant milestone in promoting Digital India initiatives through last-mile delivery.

Shri Rajnish Kumar, Chief Operating Officer, NeGD said that Bank of India is the first bank to integrate with UMANG platform to enable a wider section of citizens, to access essential government services seamlessly using banking platform.

Smt. Shampa Sudhir Biswas, GM Bank of India expressed pride in association with NeGD reaffirming the Bank’s commitment in supporting government initiatives and extended gratitude to NeGD & MeitY.

Bank of India remains committed to support transformative initiatives under the Digital India programme.

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Bengaluru, 21 June 2025 – 11^th International Day of Yoga (IDY) was celebrated by Bank of India with all zeal and enthusiasm on 21^st June 2025. Mass Yoga Demonstrations based on Government’s Common Yoga Protocol (CYP) were organized at all Zonal Offices, Field General Manager Offices, other establishments across the Nation and even at our overseas centres where bank staff and customers participated in huge numbers. The programme organized at Bank’s Head Office at BKC, Mumbai was led by Shri Rajneesh Karnatak, Managing Director & CEO with active participation by Executive Directors, Chief General Managers, General Managers and staff members.  Yoga Demonstration at Head Office was conducted by Ms. Kanchan Bhosale, a renowned Yoga teacher of Mumbai. Shri Rajneesh Karnatak, the Managing Director and CEO in his address stated that “Yoga is not just a physical exercise but a holistic practice that promotes mental clarity, physical strength, and spiritual growth. This event is our way of encouraging everyone to experience the transformative power of yoga.” He further requested all the participants to make Yoga their life style and propagate the same among their family, friends, colleagues and customers. He opined that, Yoga, an ancient Indian tradition, has transcended borders and has become a global phenomenon. Its significance lies not only in the physical postures and exercises but also in the profound impact it has on our mental and spiritual well-being. He also extended gratitude to our Honourable Prime Minister and the Government of India for their efforts in spreading awareness about the benefits of yoga across the globe.

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