The bank announced Q3 results during trading hours today, 28 January 2013.
Meanwhile, the BSE Sensex was down 18.07 points or 0.09% at 20,085.46.
On BSE, 3.44 lakh shares were traded in the counter as against average daily volume of 1.36 lakh shares in the past one quarter.
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The stock hit a high of Rs 377.75 and a low of Rs 365 so far during the day. The stock had hit a 52-week high of Rs 408 on 22 February 2012. The stock had hit a 52-week low of Rs 253.80 on 30 August 2012.
The stock had outperformed the market over the past one month till 25 January 2013, surging 10.79% compared with the Sensex's 4.41% rise. The scrip had also outperformed the market in past one quarter, jumping 22.16% as against Sensex's 7.17% surge.
The large-cap bank has equity capital of Rs 573.78 crore. Face value per share is Rs 10.
Bank of India's (BoI) ratio of gross non-performing assets (NPA) to gross advances stood at 3.08% as on 31 December 2012, lower than 3.42% as on 30 September 2012 but higher than 2.74% as on 31 December 2011. The ratio of net NPA to net advances stood at 1.97% as on 31 December 2012, lower than 2.04% as on 30 September 2012 but higher than 1.78% as on 31 December 2011.
The bank's provisions and contingencies for non-performing assets jumped 32.13% to Rs 915.78 crore in Q3 December 2012 over Q3 December 2011. The bank's provision coverage ratio as on 31 December 2012 stood at 60.74%.
BoI's Capital Adequacy Ratio (CAR) as per Basel II norms stood at 10.59% as on 31 December 2012, lower than 11.1% as on 30 September 2012 and 11.18% as on 31 December 2011.
Bank of India's CASA deposits ratio improved to 33.84% as on 31 December 2012 from 32.41% as on 31 December 2011. Going forward, the bank will continue to focus on CASA growth.
Bank of India intends to focus on SME, retail and rural business. The bank will also focus on credit monitoring and recovery. The bank also intends to provide focused attention on human resources.
The Government of India (GoI) holds 62.72% stake in Bank of India (as per the shareholding pattern as on 31 December 2012).
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