Bank Of India has informed the Exchange about Credit Rating
BANKINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Acuite Ratings & Research has reaffirmed Bank of India's credit ratings on its bond instruments. The Rs. 3,000 crore Basel-III Additional Tier-I Bonds retain their 'AA+' rating with Stable outlook, and the Rs. 2,000 crore Basel-III Tier-II Bonds retain their 'AAA' rating with Stable outlook. This is a continuation of the same ratings and not a change from prior levels. The reaffirmation comes amid strong financial performance — BoI posted its highest-ever profit after tax of Rs. 9,219 crore in FY25, up from Rs. 6,318 crore in FY24, with improving asset quality (GNPA fell to 3.27% from 4.98%) and a healthy capital adequacy ratio of 17.77%. The Government of India continues to hold a 73.38% stake in the bank, providing strong sovereign support. Last year (Aug 2024), the bank had received an upgrade from AA to AA+ on AT1 bonds and from AA+ to AAA on Tier-II bonds.
No material impact on shareholders or stock price as the ratings were simply reaffirmed at existing levels with a Stable outlook. The continued high investment-grade ratings reflect sustained improvement in profitability, capital position, and asset quality, which is supportive for the bank's borrowing costs.