The bank had a total business of Rs 2,59,000 crore, as on March 31, 2008, and is eyeing 22 per cent growth to Rs 3,10,000 crore by the end of this financial year. It is looking at a growth of 20 per cent in deposits and 23 per cent in advances.
As per the latest rankings, Bank of India edged out BoB to move up to the 4th spot after State Bank of India, Canara Bank and Punjab National Bank. "We are looking for acquisitions and whenever a suitable opportunity comes our way we would explore it," said M D Mallya, Chairman and Managing Director, BoB, at the FICCI Banking Conclave 2008 today.
On being asked whether the bank was eying the inorganic growth path, the CMD replied, "It would be premature to comment at this juncture."
Talking about the bank's performance, Mallya said its total business grew by around 26-27 per cent in the first quarter, compared to the corresponding period a year ago.
