Net interest income (NII) increased by 45% YoY to Rs 5,915 crore for Q1 FY24 as against Rs 4,072 crore for Q1 FY23. Net interest margin (NIM) (domestic) improved to 3.37% in Q1 FY24 as compared to 2.87% in Q1 FY23.

Operating profit increased 72% to Rs 3,752 crore in Q1 FY24 as compared with Rs 2,183 crore in Q1 FY23.

The bank's gross non-performing assets (NPAs) slipped to Rs 34,582 crore as on 30 June 2023 as against Rs 44,415 crore as on 30 June 2022.

The ratio of gross NPAs was 6.67% as on 30 June 2023 as against 9.30% as of 30 June 2022. The ratio of net NPAs was 1.65% as on 30 June 2023 as compared with 2.21% as on 30 June 2022.

Provision coverage ratio (PCR) stood at 89.52% as on 30 June 2023 as against 87.96% as on 30 June 2022.

Slippage ratio improved to 0.53% in Q1 FY24 against 0.69% in Q1 FY23.

While bank's deposits (domestic) increased by 7.98% YoY to Rs 5,89,517 crore while advances (domestic) rose by 7.98% YoY to Rs 4,33,246 crore as on 30 June 2023.

The bank's CASA (domestic) rose by 7.56% YoY to Rs 2,60,615 crore in Q1 FY24 while CASA Ratio stood at 44.52% in 30 June 2023.

Cost of deposits (global) stood at 4.22% in Q1 FY24 as compared to Rs 3.49% in Q1 FY23.

As on 30 June 2023, the bank's total capital adequacy ratio (CRAR) was at 15.60% while CET -1 ratio stood at 13.02%.

Return on assets (RoA) improved by 42 bps to 0.71% in Q1 FY24 against 0.29% in Q1 FY23.

Return on equity (RoE) improved by 806 bps to 14.90% in Q1 FY24 against 6.84% in Q1 FY23.

Bank of India is a public sector bank. The Government of India held 81.41% stake in the bank as on 30 June 2023. The bank has 5,129 number of domestic branches by the end of June 2023.