Source: Samco
The bank has ascribed the higher profit to the remarkable increase in interest income and continued efficiency initiatives.
The bank’s total income in the quarter stand up to ₹7,711 crore from ₹6,488 crore in the year-ago quarter, according to the regulatory filing.Net interest income (NIM) grew to 4.01%, showing improved profitability produce by the core banking business.
Asset Quality and Business development
BoM’s asset quality ratios stand powerful. Gross non-performing assets (NPAs) decreased to 1.74 per cent of gross advances by March 2025-end from 1.88 per cent by the end of March 2024. In a similar way, the bank’s net NPAs decreased from 0.20 per cent to 0.18 per cent at the end of the previous quarter, suggesting how conservatively the bank has managed its credit risk.
The total business grew by 15.30% y-o-y to ₹5.47 trillion and the deposit also increase from 13.44% year-on-year to ₹3.07. The gross advances increase from 17.76% to ₹2.39 trillion. The cd ratio was healthy ratio (PCR) was a healthy 98.26% as on December 31, 2024, showing the higher stock buffer safe guard by the bank
overall business 15.30% y-o-y to ₹5.47 trillion. Deposits rose 13.44% year-on-year to ₹3.07 trillion and gross advances increased 17.76% to ₹2.39 trillion. The CD ratio was a comfortable 78.09%, indicating competitive credit and deposit growth. Jan 21, 2025: The bank’s credit-deposit (CD) ratio stood at 78.09 per cent. The provision coverage ratio (PCR) as of December 31, 2024, stood at 98.26 per cent, reflecting the higher provisioning buffer maintained by the bank.
RAISING OF ADDITIONAL CAPITAL AND UPDATE TO SHAREHOLDING
QIP (5 October 2024) The bank issued ₹3,500 crore worth of shares through qualified institutional placements on 5 October 2024. It issued and allotted 61,01,81,311 equity shares with a face value of ₹10 each, at a premium of ₹47.36 per share. After this funding, the Government of India’s vested interest in the bank decreased to 79.60% as of March 2025
During the financial year 2025
For the entire financial year (FY25), the bank’s net profit was recorded at ₹5,520 crore, registering an yearly rise of 36.12% against ₹4,055 crore in FY24.
