Bank Of India has informed the Exchange that Board of Directors at its meeting held on May 09, 2025, recommended Final Dividend of Rs. 4.05 per equity share.
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On the reaction day the stock moved 4.1 pts less than Nifty Midcap 150 and 4.3 pts less than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Bank of India's board met on May 9, 2025 and approved the audited standalone and consolidated financial results for Q4 and the full year ended March 31, 2025. The board recommended a final dividend of Rs. 4.05 per equity share (40.50% on the Rs. 10 face value) for FY2024-25, subject to shareholder approval at the upcoming AGM. The record date for dividend eligibility has been fixed at June 20, 2025, and the 29th AGM is scheduled for June 27, 2025 via video conferencing. The statutory central auditors issued an unmodified (clean) opinion on the results. The bank also separately disclosed related party transactions on a consolidated basis for the half year ended March 31, 2025.
Shareholders holding Bank of India shares as on June 20, 2025 will be eligible for the Rs. 4.05 per share dividend, indicating a healthy payout from FY25 earnings. The clean audit opinion and continued dividend declaration are generally positive signals for investor confidence.