Bank of India
Fortune 500 2024
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OVERVIEW
FINANCIALS
NEWS
About
Bank of India (BOI) was founded by a group of businessmen from Mumbai in 1906. It remained under private ownership till 1969, when it was nationalised with 13 other Indian banks. The bank offers personal banking, corporate banking, NRI banking, agri banking, foreign exchange services, and investment and insurance avenues to its customers. The bank has been a pioneer in introducing the Health Code System in India for evaluation of its credit portfolio. BOI is a founder member of the Society for Worldwide Interbank Financial Telecommunications (SWIFT) in India as well. BOI owns more than 5100 branches in India, across all states and union territories, and marks its presence in more than 47 branches over 15 countries globally.
Incorporation Year: 1906
Headquarters: Mumbai
Top Management: Rajneesh Karnatak/M. R. Kumar
Industry: BFSI
Website: bankofindia.co.in
Featured In Fortune India Ranking
Fortune 500 India
#40(2024)
#46(2023)
#46(2022)
#39(2021)
#39(2020)
#37(2019)
#37(2018)
#32(2017)
#29(2016)
#32(2015)
#31(2014)
#33(2013)
#32(2012)
#33(2011)
#34(2010)
#40(2024)#46(2023)#46(2022)#39(2021)#39(2020)#37(2019)#37(2018)#32(2017)#29(2016)#32(2015)#31(2014)#33(2013)#32(2012)#33(2011)#34(2010)
Ranking Trend Fortune 500 India
Financial Data 2024
Revenue
67,489
(INR Cr)
Net Operating Income
61,073
(INR Cr)
Assets
925,922
(INR Cr)
Profit
6,564
(INR Cr)
Net Worth
63,706
(INR Cr)
Fortune India Coverage
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Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 67489 22.5% | 55100 18.8% | 46373 -2.6% | 47632 -3.3% | 49278 7.4% | 45867 3.9% | 44159 -4.8% | 46405 1.4% | 45764 -4.6% | 47963 13.0% | 42444 18.3% | 35880 12.4% | 31930 30.3% | 24500 19.0% | 20597 5.7% | 19493 - |
| Net Operating Income (INR Cr) | 61073 27.42% | 47932 25.21% | 38281 -6.30% | 40854 -4.08% | 42591 3.87% | 41005 7.03% | 38313 -3.21% | 39585 -5.96% | 42093 -3.64% | 43685 14.58% | 38125 18.79% | 32096 12.18% | 28611 30.89% | 21858 21.46% | 17996 9.62% | 16417 - |
| Profit (INR Cr) | 6564 71.0% | 3838 9.9% | 3493 67.7% | 2083 - | -3051 - | -5427 - | -5961 - | -1470 - | -6204 - | 2013 -32.6% | 2987 5.9% | 2820 3.5% | 2725 7.2% | 2542 42.3% | 1787 -42.1% | 3088 - |
| Assets (INR Cr) | 925922 11.8% | 828149 11.2% | 745089 1.4% | 734928 10.5% | 665018 5.1% | 632838 2.6% | 617035 -2.7% | 634169 2.5% | 618477 -1.1% | 625285 8.2% | 578155 26.7% | 456407 17.8% | 387589 9.8% | 353032 27.5% | 276834 22.1% | 226787 - |
| Net Worth (INR Cr) | 63706 19.1% | 53478 8.0% | 49540 13.4% | 43676 12.9% | 38702 -6.4% | 41328 32.7% | 31152 11.7% | 27885 2.0% | 27339 -5.6% | 28968 7.2% | 27032 16.1% | 23289 15.4% | 20178 23.7% | 16317 25.4% | 13016 9.0% | 11946 34.1% |
| Employee Cost (INR Cr) | 9263 9.6% | 8453 18.9% | 7112 8.9% | 6529 5.4% | 6197 1.9% | 6082 22.5% | 4963 -8.9% | 5449 0.8% | 5404 7.4% | 5031 24.6% | 4037 27.0% | 3179 2.9% | 3090 -11.5% | 3492 51.3% | 2309 18.2% | 1954 - |
| Interest Cost (INR Cr) | 37757 | 27441 | 24083 | 26421 | 27191 | 27207 | 27679 | 27606 | 30245 | 32220 | 27170 | 22960 | 20216 | 13981 | 12163 | 10880 |
| Cash & Bank Balance (INR Cr) | 83123 | 84683 | 91709 | 126694 | 86609 | 94860 | 96024 | 96465 | 99505 | 76939 | 61760 | 55377 | 35464 | 37696 | 31449 | 21890 |
| Total Debt (INR Cr) | 821572 | 737209 | 656802 | 661562 | 597139 | 566820 | 566595 | 581844 | 566826 | 574581 | 527123 | 418500 | 351531 | 321581 | 252808 | 205855 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 9.7% | 7.0% | 7.5% | 4.4% | - | - | - | - | - | 4.2% | 7.0% | 7.9% | 8.5% | 10.4% | 8.7% | 15.8% |
| Profit As % Of Assets | 0.7% | 0.5% | 0.5% | 0.3% | - | - | - | - | - | 0.3% | 0.5% | 0.6% | 0.7% | 0.7% | 0.7% | 1.4% |
| Profit As % Of Networth | 10.3% | 7.2% | 7.1% | 4.8% | - | - | - | - | - | 7.0% | 11.1% | 12.1% | 13.5% | 15.6% | 13.7% | 25.9% |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| RONW | 11.2% | 7.5% | 7.5% | 5.1% | - | - | - | - | - | 6.2% | 10.9% | 12.6% | 14.6% | 16.8% | 13.7% | 28.7% |
| ROCE | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |