Net interest income (NII) increased by 37.77% YoY to Rs 5,493 crore for Q4 FY23 as against Rs 1,587 crore for Q4 FY22. Net interest margin (NIM) (domestic) improved to 3.59% in Q4 FY23 as compared to 2.90% in Q4 FY22.

Operating profit increased 69.67% to Rs 4,184 crore in Q4 FY23 as compared with Rs 2,466 crore in Q4 FY22.

The bank's gross non-performing assets (NPAs) slipped to Rs 37,686 crore as on 31 March 2023 as against Rs 45,605 crore as on 31 March 2022.

The ratio of gross NPAs was 7.31% as on 31 March 2023 as against 9.98% as of 31 March 2022. The ratio of net NPAs was 1.66% as on 31 March 2023 as compared with 2.34% as on 31 March 2022.

Provision Coverage Ratio (PCR) stood at 89.68% as on 31 March 2023 as against 87.76% as on 31 March 2022.

Slippage ratio stood at 0.64% in Q4 FY23 as against 0.47% in Q4 FY22.

While bank's deposits (domestic) increased by 2.95% YoY to Rs 5,67,063 crore, advances (domestic) jumped by 9.56% YoY to Rs 4,31,637 crore as on 31 March 2023.

The bank's CASA (domestic) rose by 2.72% YoY to Rs 2,52,149 crore in Q4 FY23 while CASA Ratio stood at 44.73% in 31 March 2023.

Cost of deposits (global) stood at 3.91% in Q4 FY23 as compared to Rs 3.54% in Q4 FY22.

As on 31 March 2023, the bank's total capital adequacy ratio (CRAR) was at 16.28% while CET -1 ratio stood at 13.60%.

On full year basis, the company's net profit jumped 18.16% to Rs 4,022.94 crore on 19.13% rise in total income to Rs 54,747.61 crore in FY23 over FY22.

The board has recommended a dividend of Rs 2 per equity share for FY23.

Bank of India is a public sector bank. The Government of India held 81.41% stake in the bank as on 31 March 2023.

The scrip tumbled 5.59% to Rs 81.50 on the BSE.