Bank Of India has informed the Exchange about Credit Rating- Others
BANKINDIA · price
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CRISIL Ratings has reaffirmed Bank of India's credit ratings across all instruments: Tier I Bonds (Basel III) at AA/Stable on Rs 2,852 crore, Tier II Bonds (Basel III) at AA+/Stable on Rs 6,800 crore, and Certificate of Deposits at A1+ on Rs 30,000 crore. The ratings reflect the government's strong majority stake (73.4%), an established market position with 5,328 branches, and improving asset quality (gross NPAs fell to 2.92% as of June 2025 from 13.8% in FY21). The bank reported a consolidated net profit of Rs 9,339 crore in FY25, up from Rs 6,385 crore the previous year, with overall capital adequacy ratio at a comfortable 18.5%. The Stable outlook indicates CRISIL sees no near-term risk to these ratings.
A reaffirmation at high investment-grade levels (AA/AA+/A1+) with a Stable outlook signals continued financial strength and sustained government backing, which is positive for bondholders. This is a neutral-to-slightly-positive signal for the stock, as it removes any near-term rating risk but does not trigger an upgrade.