On a sequential basis, the bank’s global deposit is base is higher by 0.93% as compared with the deposits figure of Rs 7,03,751 crore as 30 September 2023.

The total domestic deposits of the bank totaled to Rs 5,99,137 crore, higher by 7.62% YoY but flat on a quarter-on-quarter (QoQ) basis.

On the lending side, the public sector bank’s total global advances increased by 11.49% to Rs 5,66,081 crore as on 31 December 2023 from Rs 5,07,750 crore as on 31 December 2022. Domestic advances of the bank stood at Rs 4,76,125 crore, up 11.60% YoY and up 5.19% QoQ.

Bank of India is a state owned commercial bank with headquarters in Mumbai.The bank provides a wide range of banking products and financial services to corporate and retail customers. The bank provides specialized services for businesses (dealing in foreign exchange), NRIs, merchant banking, etc.

The bank’s standalone net profit jumped 51.9% to Rs 1,458.43 crore on 29% increase in total income to Rs 16,659.30 crore in Q2 FY24 over Q2 FY23.