PSU Bank Sets Cut-Off Date For 40.50% Dividend, Broad-Based Strength In Q4; Watch BOI Stock Setup

On Tuesday, the shares of Bank of India (BOI) ended 2.27% higher on the BSE at Rs 112.55 per share. It made an intraday high of Rs 115.15 gaining 4.63% from its previous close. Following the Board of Directors' announcement of the record date for the impending dividend and the stellar FY25 results-operating profit up 17% and net profit up 46%-Bank of India shares are currently in a consolidation phase.

BOI Dividend

The Board of Directors "Recommended a dividend of Rs.4.05 (i.e. 40.50%) per equity share (Face Value Rs.10/each fully paid up) for the FY2024-25 subject to approval of shareholders at the ensuing Annual General Meeting of the Bank. Bank has fixed the Record Date / cut-off date as 20th June, 2025 for the purpose of dividend payment. Hence, shareholders having shares as on the cut-off date i.e. 20th June, 2025 shall be eligible for dividend payment," said BOI in a regulatory statement.

On June 27, 2025, the bank will have its 29th Annual General Meeting.

BOI Q4 & FY25 Financials

In the quarter that ended in March 2025, the bank's net profit increased 82.5% YoY to Rs 2,626 crore, up from Rs 1,439 crore in the same period the previous year. Operating profit increased 17% YoY to Rs. 16,412 crores in FY25 and 37% YoY to Rs. 4,885 crores in Q4 of FY25. The bank's Net Interest Income (NII), increased 2.1% to Rs 6,063 crore from Rs 5,936 crore in the same period last year. With Gross Non-Performing Assets (NPA) falling to 3.27% from 3.69% and Net NPA falling to 0.82% from 0.85% the previous year, the company's asset condition also strengthened.

Deposits at the bank increased 10.65% YoY, while domestic deposits increased 11.21%. As of March 31, 2025, the CASA ratio is 40.28%, and the CASA deposit increased by 3.86% YoY. With the bank's ROA and ROE for FY25 standing at 0.90% and 15.27%, respectively, net profit for FY25 is Rs 9,219 crores, representing a 46% YoY gain.

Bank of India Share Price Target

"Bank of India is in a consolidation phase, holding above its key support at ₹108. The immediate resistance zone is placed around ₹116-₹118. A breakout above ₹118 may trigger a fresh rally towards ₹125. The price is currently respecting its 50-day moving average, suggesting a base formation. Traders can consider buying near ₹111-₹113 with a stop loss at ₹107. Once the stock clears the ₹118 hurdle, it could attract stronger momentum from positional traders and investors," commented Riyank Arora - Technical Analyst - Mehta Equities Limited.

Disclaimer

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