Bank Of India has informed the Exchange that Record date for the purpose of Dividend is 20-Jun-2025.
BANKINDIA · price
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Awaiting price reaction for this filing.
Bank of India's board, at its May 9, 2025 meeting, approved audited results for Q4 and FY ended March 31, 2025, and recommended a dividend of Rs. 4.05 per equity share (40.50%) on a face value of Rs. 10, subject to shareholder approval. The record date for dividend eligibility has been fixed at June 20, 2025, with the 29th AGM scheduled for June 27, 2025. Standalone net profit for FY25 rose to Rs. 9,219 crore from Rs. 6,318 crore in FY24 (about 46% growth), while Q4FY25 net profit was Rs. 2,626 crore versus Rs. 1,439 crore in Q4FY24. Asset quality improved sharply, with gross NPAs falling to 3.27% (from 4.98%) and net NPAs to 0.82% (from 1.22%); Capital Adequacy Ratio (Basel III) strengthened to 17.77%. EPS for the year stood at Rs. 20.25 versus Rs. 14.90 last year.
Strong profit growth and improving asset quality signal a healthy turnaround for shareholders. The 40.50% dividend announcement is a positive cash return event, and investors should ensure shares are held by the June 20, 2025 record date to qualify. Expect positive sentiment around the stock, given the nearly 46% jump in yearly profits and better capital and NPA metrics.