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Bank of India Q1 Updates: Domestic Advances Up 11% To Rs 5.64 Lakh Crore

  • Bank of India's domestic advances increased by 11% to Rs 5.64 lakh crore in the first quarter of the current financial year.
  • BOI's global business grew by 10% to Rs 15 lakh crore, with a 12% rise in global gross advances to Rs 6.7 lakh crore.
  • The bank's total domestic deposits grew by 9.6% year-on-year to Rs 7.1 lakh crore.
  • Bank of India's board approved the issuance of long-term infrastructure bonds to raise funds up to Rs 20,000 crore, and the bank recently lowered its repo rate by 50 basis points.

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