Bank Of India Shares Price Rise After Domestic Advances Surge In Q2 Business Update

The shares of Bank Of India rose as much as 2.71% in trade so far after the bank posted its second-quarter update (Image Source: Vijay Sartape/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The shares of Bank Of India rose as much as 2.71% in trade so far after the bank posted its second quarter update. The bank's total domestic deposits grew 8.5% year-on-year to Rs 7.3 lakh crore in the second quarter of the current financial year from Rs 6.73 lakh crore in the year-ago period, the lender said in its provisional quarterly business updates on Monday.

The public sector bank's gross domestic advances rose 14.62% to Rs 5.97 lakh crore in the September quarter from Rs 5.65 lakh crore in the same period in the last fiscal, according to an exchange filing.

BOI's