BANK OF INDIA

BANKING

BOI Announces Financial Results For The Half Year Ended Sep 2012

Operating Profit of Q2 increased by  19.50%, Y-O-Y, Operating Profit of H1 increased

by 19.68%, Y-o-Y,  Net Profit of H1 increased by 17.91%, Y-O-Y

NII of Q2 grows by 6.21%, Y-O-Y

Rs.3,32,695 crore  (Growth: 11.2%) and Global Advances increased from Rs.2,16,951 crore as at September 2011 to Rs. 2,60,379 crore as at 30th September,2012. (Growth: 20.0%). CASA deposits increased from Rs. 76,652 crore in September 2011 to Rs.84,170 crore in September 2012 (Growth: 9.8%). CASA percentage improved from 31.64% to 32.77%.

Operating Profit increased from Rs.1552 crore in Q2 – FY 2011-12 to Rs.1854 crore in Q2 – FY 2012-13 (Growth: 19.5%).Net Profit of Q2 FY 2012-13 is Rs.302 crore.

Net Interest Income (NII) increased from Rs.1904 crore during the quarter ended September,2011 to Rs.2196 crore during quarter ended September,2012. (Growth:15.3%). Non-Interest Income increased from Rs.842 crore in Q2 FY 2011-12 to Rs.894 crore in Q2 FY 2012-13.(Growth: 6.2%)

Net Interest Margin (NIM) stood at 2.42% for the quarter ended September 2012 against 2.43% for the corresponding period last year. Gross NPA ratio for Q2 of FY 2012-13 is 3.42% against 3.02% in Q2 of FY 2011-12.

Net NPA ratio for Q2 of FY 2012-13 is 2.04% against 1.98% in Q2 of FY 2011-12. Cost to Income Ratio reduced favourably from 43.49% during quarter ended September,2011 to 40.00% in the quarter ended September,2012. Provision Coverage Ratio for H1 of FY 2012-13 is 60.96%.

Business per Employee increased from Rs.12.29 crore in September 2011 to Rs.13.68 crore in September 2012 and Business per Branch improved from Rs.137.42 crore in September 2011 to Rs.143.22 crore in September 2012.

International Operations

The Bank is in operation across 20 countries with 51 offices. The Bank opened one more branch in Tanzania and a representative office in Johannesburg has been upgraded to branch in September 2012. The Bank plans to open subsidiaries in Botswana, Canada and Brazil.

Other highlights

§  The Bank added 112 branches and 87 ATMs during the half year, taking the total number of domestic branches to 4112 and ATMs to 1767 as at 30^thSeptember,2012.

§  Total Customer Base increased by 4.94 million from 54.08 million in March,2012 to 59.02 million in September 2012.

§  As recognition of our Financial Inclusion efforts, Bank has received the prestigious Aadhaar Excellence Award from the Hon’ble Prime Minister.

Marching Forward

1.    Emphasis on CASA growth

2.    Expansion of SME, Retail and Rural Business.

3.    Focus on Credit Monitoring and Recovery.

4.    Inclusive Growth through Financial Inclusion.

5.    Progress on I.T. Enabled Services for better customer       satisfaction.

6.    Focused attention on Human Resources