Bank of India shares ticked up 1.8% after domestic deposits surged 23.3% YoY to ₹9 lakh crore in Q2, beating analysts' expectations.
The deposit rise lifted gross domestic advances by 17.7% to ₹7.03 lakh crore, while total global business posted a 21.07% gain to ₹18.92 lakh crore, underscoring a solid balance‑sheet expansion.
Analysts note that the 23.3% jump places the bank well above the 18% average rise seen in the broader banking sector, giving it room to increase its loan book without risking liquidity ratios.
The bank has not yet released a formal guidance for Q3, but the deposit momentum suggests a steady growth trajectory, with management hinting at continued focus on expanding its retail and corporate lending mix.
Meanwhile, other banks such as Ujjivan Small Finance Bank reported a 33.1% YoY rise in disbursements, indicating a wider trend of growth across the SME lending segment.