Bank of India stock jumps over 2% after its Q3 update shows increased domestic deposits and global business

Bank of India said that its domestic deposits in the quarter ended December 31, 2023, increased by 7.6 per cent, from Rs 5.56 lakh crore to Rs 5.99 lakh crore Year-on-Year. The bank's total business (global) was up by 9.90 per cent from 11.61 lakh crore to Rs 12.76 lakh crore YoY.  

Bank of India stock jumps over 2% after its Q3 update shows increased domestic deposits and global business
The company's domestic advances soared by 11.6 per cent, from Rs 4.26 lakh crore in the same quarter last year to Rs 4.76 lakh crore in the third quarter. Photo: File/Representational

Bank of India Share Price: Bank of India shares got morning boost on BSE on Thursday (January 11, 2024) after the lender said in a Q3 update that its domestic deposits Year-on-Year (YoY) in the quarter ended December 31 increased by 7.6 per cent. 

The stock of the bank was trading up by 2.50 per cent, or Rs 2.95, at Rs 121.10 at 10:51 am on Thursday.  

In a Q3 update on Wednesday, Bank of India said that its domestic deposits in the quarter ended December 31, 2023, increased by 7.6 per cent, from Rs 5.56 lakh crore to Rs 5.99 lakh crore Year-on-Year.

The company's domestic advances soared by 11.6 per cent, from Rs 4.26 lakh crore in the same quarter last year to Rs 4.76 lakh crore in the third quarter ended December.

The bank's total business (global) was up by 9.90 per cent from 11.61 lakh crore to Rs 12.76 lakh crore YoY.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

RECOMMENDED STORIES

https://www.zeebiz.com/market-news/news-short-term-investment-ideas-stocks-to-buy-for-15-days-axis-direct-recommends-fortis-healthcare-aegis-logistics-check-targets-334316

Looking for short term investment ideas? Analysts suggest buying these 2 stocks for potential gain; check targets

https://www.zeebiz.com/personal-finance/photo-gallery-sbi-444-day-special-fd-vs-pnb-400-day-fixed-deposit-interest-rate-maturity-calculator-what-will-general-senior-citizens-get-in-return-on-inr-rs-350000-700000-investments-in-guaranteed-fixed-income-333262

SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?

https://www.zeebiz.com/personal-finance/photo-gallery-sbi-fd-and-senior-citizen-savings-scheme-interest-rate-calculator-know-which-guaranteed-return-will-provide-better-income-quarterly-on-rs-20-lakh-investment-in-five-years-calculations-inside-334063

SCSS vs FD: Which guaranteed return scheme will give you more quarterly income on Rs 20,00,000 investment?

https://www.zeebiz.com/personal-finance/news-rs-1111-monthly-sip-for-40-yrs-11111-for-20-yrs-or-22222-for-10-years-which-works-best-at-same-expected-return-334395

Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?

https://www.zeebiz.com/personal-finance/photo-gallery-rs-3500-monthly-sip-for-35-years-vs-rs-35000-monthly-sip-for-16-years-which-can-give-you-higher-corpus-in-long-term-compound-interest-benefits-mutual-fund-return-calculator-retirement-planning-334249

Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations

https://www.zeebiz.com/personal-finance/photo-gallery-power-of-compounding-how-long-it-will-take-to-build-rs-5-crore-corpus-target-with-inr-5000-10000-and-15000-monthly-investment-retirement-planning-with-sip-calculator-market-linked-return-334417

Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?

https://www.zeebiz.com/personal-finance/photo-gallery-power-of-compounding-how-soon-will-monthly-sip-of-rs-11000-reach-rs-8-crore-corpus-target-retirement-financial-planning-with-sip-calculator-334296

Power of Compounding: How soon will monthly SIP of Rs 11,000 reach Rs 8 crore corpus target?

https://www.zeebiz.com/personal-finance/photo-gallery-ppf-interest-rate-maturity-retirement-corpus-planning-calculator-how-to-get-inr-rs-72000-month-tax-free-income-from-public-provident-fund-calculations-80c-tax-benefits-333983

PPF Calculations: How to get Rs 72,000 a month tax-free income from Public Provident Fund?

Written By: ZeeBiz WebTeam
Updated: Thu, Jan 11, 2024
11:06 AM IST
New Delhi, ZeeBiz WebDesk
RELATED NEWS
This PSB can rally another 28% after healthy gains of 62% in last six months This PSB can rally another 28% after healthy gains of 62% in last six months
Bank of India's Q3 net profit stood at Rs 101 crore; shares jump Bank of India's Q3 net profit stood at Rs 101 crore; shares jump
Bank of India picks Shanker Iyer as CFO from January 1 Bank of India picks Shanker Iyer as CFO from January 1

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x