Bank of India

About Bank of India

Bank of India, a prominent public sector bank, offers diversified financial products and services including retail, corporate, and treasury operations. Established in 1906, it serves a large customer base domestically and internationally, holding a significant position in India's banking landscape.

Key Financial Ratios

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Bank of India's P/E ratio (TTM) is 6.29, compared to the industry median of 11.99 and large cap median of 13.05.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Bank of India's P/B ratio is 0.73, compared to the industry median of 1.21 and large cap median of 1.57.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Bank of India's P/S ratio is 0.88, compared to the industry median of 1.65 and large cap median of 2.07.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Bank of India's PEG ratio is 0.20.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Bank of India's EV/EBITDA ratio is 2.16.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Bank of India's ROE is 11.46%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Bank of India's ROA is 0.40%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Bank of India's ROCE is 71.05%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Bank of India's operating margin is 6.30%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Bank of India's net margin is 13.63%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Bank of India's current ratio is 22.23.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Bank of India's debt-to-equity ratio is 10.11.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Bank of India's interest coverage ratio is 1.27.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Bank of India's DPS is ₹4.75.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Bank of India's EPS is 7.96.

(Source line: "Ratios as of 12 Aug 2026, based on last traded price of ₹145.50. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 1906
• Headquarters: Mumbai, Maharashtra
• Core Offerings: Retail Banking, Corporate Banking, Treasury Operations, International Banking, Digital Banking
• Stock Listing: NSE (BANKINDIA), BSE (532149)
• Promoter: Government of India

History of Bank of India

Founded on September 7, 1906, by a group of prominent businessmen from Mumbai. Bank of India was the first Indian bank to establish a branch outside India, in London, in 1946. It was among the 14 major banks nationalized by the Government of India in July 1969. Over the decades, it has expanded its domestic and international presence, playing a key role in financial inclusion and economic development, consistently adapting to the evolving banking landscape.

Business Segments and Revenue Mix

• Retail Banking: Offers a broad suite of products and services to individual customers, including savings and current accounts, fixed deposits, home loans, auto loans, personal loans, credit cards, and digital banking platforms.
• Wholesale Banking: Caters to large corporations, Public Sector Undertakings (PSUs), and medium enterprises, providing working capital finance, term loans, project finance, trade finance, and cash management services.
• Treasury Operations: Manages the bank's investment portfolio, foreign exchange operations, money market activities, and derivative products, playing a crucial role in liquidity management and revenue generation.
• Other Banking Operations: Includes residual activities such as bancassurance, merchant banking, agency functions, and other fee-based financial services not covered under the main segments.

Key Personnel

Shri Rajneesh Karnatak (MD & CEO): Appointed in February 2023, he brings over 29 years of experience from various public sector banks, steering the bank's strategic growth and operational efficiency. Shri M.R. Kumar (Non-Executive Chairman): Appointed in May 2024, he previously served as Chairman of LIC and provides strategic guidance to the board.

Subsidiaries and Associate Companies

• BOI Shareholding Limited
• Ageas Federal Life Insurance Company Ltd. (joint venture)
• Bank of India (New Zealand) Limited
• BOI Merchant Bankers Limited
• Bank of India UK Limited
• BOI Global Securities IFSC Limited

Corporate Actions

In 2021, the bank raised ₹2,550 crore through a Qualified Institutional Placement (QIP). It has also issued preference shares to the Government of India for capital infusion. No major recent bonus or rights issues of common equity on record.

References

1. Bank of India Annual Report FY2023-24 2. Exchange Filings (NSE/BSE) 3. Q4 FY24 Financial Results Announcement