Your Board of Directors have the pleasure of presenting the Bank's
Annual Report on its Business and Operations along with the
audited Balance Sheet, Profit & Loss Account for the year ended
March 31,2025.

1. Performance Indicators
Domestic Business:

• Overall Domestic Business of the Bank registered
growth of 12.63% to reach at Rs.12.64 lakh crore as
on 31.03.2025 as against Rs.11.22 lakh crore as on

31.03.2024.

• CASA Deposits increased by 3.86% on YoY basis and
stood at Rs. 2.80 lakh crore as on 31.03.2025 and
CASA Ratio stood at 40.28%.

• Total Domestic Deposits increased by 11.21% to
reach at Rs. 7 lakh crore as on 31.03.2025 as against
Rs. 6.30 lakh crore as on 31.03.2024.

• Gross Domestic Advances registered growth of
14.45% YoY, reached at Rs. 5.64 lakh crore as on
31.03.2025 from Rs 4.92 lakh crore as on 31.03.2024.

• Share of RAM Advances to Total Advances was
57.26% (i.e. Rs 3.23 lakh crore) as on 31.03.2025 as
compared to 55.36% (i.e. Rs 2.73 lakh crore) as on

31.03.2024.

• Priority Sector Lending constituted 45.44% of
Adjusted Net Bank Credit and the share of Agricultural
Credit to Adjusted Net Bank Credit was 21.15% as on

31.03.2025.

• Retail Credit grew by 19.93% from Rs. 1.11 lakh
crore as on 31.03.2024 to Rs. 1.34 lakh crore as on

31.03.2025. The share of Retail Credit to Domestic
Credit was 23.72% as on 31.03.2025.

• MSME Credit registered growth of 18.39% from Rs.

0.76 lakh crore as on 31.03.2024 to Rs. 0.91 lakh
crore as on 31.03.2025. The share of MSME Credit to
Total Domestic Credit was 16.08% as on 31.03.2025.

• The Domestic CD Ratio stood at 80.47% as on

31.03.2025.

Overseas Business:

• Overseas Business has increased by 8.61% and
reached at Rs 2.19 lakh crore as on 31.03.2025 from
Rs. 2.01 lakh crore as on 31.03.2024.

• Total Overseas Advances increased by 9.97% and
reached at Rs. 1.02 lakh crore as on 31.03.2025 from
Rs. 0.93 lakh crore as on 31.03.2024.

• Total Overseas Deposits increased by 7.43% and
reached Rs. 1.16 lakh crore as on 31.03.2025 from
Rs. 1.08 lakh crore as on 31.03.2024.

Global Business:

• Gross Business of the Bank registered a growth
of 12.02% and reached Rs. 14.83 lakh crore as
on 31.03.2025 from Rs. 13.24 lakh crore as on

31.03.2024.

• Total Deposits increased 10.65% and reached Rs.
8.17 lakh crore as on 31.03.2025 from Rs. 7.38 lakh
crore as on 31.03.2024.

• Gross Advances increased by 13.74% and reached
Rs. 6.66 lakh crore as on 31.03.2025 from Rs. 5.86
lakh crore as on 31.03.2024.

• The Global CD Ratio stood at 81.57% as on

31.03.2025.

Financial Parameters:

• Operating Profit increased by 17% YoY and reached
Rs. 16,412 crore for FY'25 as against Rs. 14,069
crore for FY'24.

• The Bank has reported Net Profit of Rs. 9,219 crore in
FY'25 as against Rs. 6,318 crore in FY'24 exhibiting a
growth of 46% YoY.

• Capital Adequacy Ratio stood at an improved level of
17.77% as on 31.03.2025 as against 16.69% as on

31.03.2024.

• Net Worth increased by 19% YoY to Rs. 65,642
Crore as on 31.03.2025 from Rs. 55,118 Crore as on

31.03.2024.

• Book Value per share was Rs. 148.88 as at 31.03.2025.

• Gross NPA (Global) declined by 25% YoY from Rs.
29,183 crore as on 31.03.2024 to Rs. 21,749 crore as
on 31.03.2025.

• Gross NPA Ratio improved to 3.27% as on 31.03.2025
from 4.98% as on 31.03.2024.

• Net NPA declined by 22% YoY and stood at Rs. 5,359
crore as on 31.03.2025 as against Rs. 6,845 crore as
on 31.03.2024.

• Net NPA Ratio improved to 0.82% as on 31.03.2025
from 1.22% as on 31.03.2024.

The financial performance of the Bank for the year 2024-25 is
summarized below:

Key Financial Ratios are presented below:

2. Capital Raised:

During the financial year 2024-25, Bank has raised:

• Rs. 2500 crore by way of Tier II bonds (Series XVII) on

26.09.2024.

3. Funds raised by issuance of long term infrastructure

bonds

• During the FY 2024-25, Bank has raised Rs.12,690
crore by issue of Long Term Infrastructure Bond in 3
tranches for a tenor of 10 years.

4. Capital Adequacy:

• As per Basel III Framework, Bank's Capital Adequacy
Ratio was 17.77% as on 31.03.2025, which is higher
than the regulatory requirement of 11.5%.

• Details of Capital Adequacy (Basel III) are as under:

(Amount in Rs. Crore)

5. Key Business Initiatives

• Bank of India has entered into an MOU with TATA,
Maruti, Mahindra & Mahindra and KIA Motors, whereby
a special scheme with 100% finance on select vehicle
models has been floated. These engagements are
expected to improve last mile vehicle financing and
deliver faster and more streamlined services.

• The Bank has on boarded six mandated schemes, i.e.
KCC, KCC-Fisheries, AMI, eNWR, NRLM and ACABC
on Jansamarth Portal for capturing leads from market
place. It has also successfully integrated its Loan
Management System, E-Platform into Jansamarth
Portal.

• In order to provide real-time audio confirmation
ensuring seamless, secure and user-friendly UPI
transactions (credit) made using the BOI BHIM UPI
QR Code, the Bank has introduced Portable UPI QR
Sound Box. This will elevate the payment experience
for both merchants and customers.

• BOI Star Export Credit is a new product. Budgets
of the same allotted to Emerging Corporate Credit
Branches (ECCB). This product aims at augmenting
export credit business of the Bank.

• Bank of India has partnered with India Mortgage
Guarantee Corporation (IMGC) to offer mortgage
guarantee backed home loan products, aiming the
salaried and self-employed customers in the affordable
housing segment.

• The Bank has received RBI Approval for 12 Special
Rupee Vostro Accounts (SRVAs), of which 5 accounts
are already live.

• The Bank has issued RuPay Cards to 252 lakh
PMJDY accounts during FY 2024-25, encouraging
beneficiaries of Direct Benefit Transfer schemes to
withdraw subsidy amounts from cash-out points like
local BC-outlets/Branches by way of customer based
Aadhar authentication.

• ‘Mom's Relaunch Program', an initiative for returning
mothers has been implemented by the Bank which is
aimed at providing counselling to staff members who
have returned post maternity, having children aged 6
months on PAN India basis.

• ‘Star Samarth' is a new HR initiative to provide
empowerment and assistance to the employees
to share their concerns and challenges that might
be hampering their own performance and overall
business indices of the Bank.

6. HR Transformation Initiative

BOI STAR LIGHT, the HR transformation project was
launched on March 1, 2024, and is being implemented in
three phases, with an aim to build a future-ready workforce
by amplifying employee engagement, career and talent
management and performance management. As the
Project enters the third phase, 15 digital tools have been
launched, including Performance Management System
(PMS), Scorecards, Job Family Survey, Skill Assessment
& Target Setting etc., designed to drive meaningful change
in digitization of Bank's HR processes aligned with the
business strategy & Visionary goals of the Bank.

7. IT Transformation Initiatives

Digital & IT Transformation - Star Nextech

As part of its comprehensive digital and technical
transformation journey, your Bank has been ramping up
its digital infrastructure through a strategic redesign and
modernization of its IT landscape.

Over the past few months, several key initiatives have been
launched to enhance operational efficiency, system resilience

and governance across the IT function. These include:

1. Establishment of Resiliency Operations Center (ROC),
designed to provide 24x7 end-to-end monitoring of the
Bank's critical applications and infrastructure, ensuring
proactive issue resolution and improved uptime.

2. Centralization of Testing through establishment
of a Testing Center of Excellence to standardize
quality assurance processes

3. Establishment of Vendor Center of Excellence to
optimize IT procurement and vendor management.

Your Bank is also planning system enhancements of its core
platforms such as the Core Banking System (CBS), Mobile
and Internet Banking interface, API Gateway etc.

These enhancements aim to achieve industry-leading
performance, architectural robustness & scalability, enabling
the Bank to support future digital initiatives more effectively.

Collectively, these efforts represent a major step forward in
building a secure, agile and high-performing IT foundation in
sync with your Bank's long-term strategic goals.

Data lake Project - Star Aditya

Your Bank has embarked on a comprehensive modernization
of its existing data platform, integrating latest applications
and infrastructure technologies. This strategic initiative aims
to enhance your Bank's data analytic capabilities, ensuring
in-depth insights and informed decision-making. Your Bank
has implemented robust data governance framework to
maintain data integrity, compliance, and security. Advanced
data reporting tool has been adopted to facilitate timely
and accurate reporting. Additionally, your Bank optimized
customer communication channels, leveraging digital
platforms to enhance customer engagement and satisfaction.
These advancements collectively drive business generation,
mitigate risk factors, and significantly improve operational
efficiency.

Under Star Aditya (Analytics driven Insights to Yields
Actions), your Bank has taken the following initiatives:

1. Modernize the data warehouse to enable unified
ingestion of structured, semi-structured, and
unstructured data, laying the foundation for enterprise¬
wide analytics.

2. Leveraged AI and machine learning to power
advanced analytical use cases, turning raw data into
predictive and prescriptive business insights.

3. Launched smart, interactive customer statements that
transform static reports into engaging, personalized
digital experiences.

4. Developed dynamic dashboards and visualizations
to empower leadership with real-time, data-driven
decision support.

5. Strengthened data governance and quality

frameworks to ensure trusted, compliant, and high-
integrity analytics across the organization.

3. Awards and Recognition: Unlocking our Potential

• On 24.09.2024, Ministry of Agriculture and Farmer
Welfare felicitated Bank of India under the Agriculture
Infrastructure Fund Scheme for Target achievement
under BHARAT Campaign for FY 2023-24.

• The Bank was recognized as the Winner of APY
Annual Awards for FY 2023-24 (received in July'24)
for achieving 140 APY scheme enrolment per branch
against the PFRDA target of 80 per branch.

• Bank was awarded as Best Bank under the Innovative
Use of Technology to enhance Customer Experience
at the 5^th BFSI Technology Excellence Award 2024 for
Universal Application Project

• Bank of India has earned the ‘PMSVANidhi Praise
Award' from MOHUA for securing 3^rd position in
PMSVANidhi Loan Performance during FY 2023-24.

• PFRDA launched a campaign for ‘Retirement
Revolutionaries' and 5 of the Bank's Zonal Managers
have been nominated for the award.

9. Vision, Strategy and Future Outlook

• Expand the Bank's Retail, Agriculture and MSME
(RAM) lending profile by leveraging its existing
customer base.

• Continue to contain funding cost by sourcing low cost
deposits such as CASA.

• Focus on improving asset quality and containing NPA
levels.

• Adopt a multi-pronged approach to increase the
Bank's Corporate Clientele and expand the Mid
Corporate Space through Emerging Corporate Credit
Branches

• Leverage technology to increase cross selling
opportunities, reduce cost and enhance customer
experience.

• Improving Risk Management Systems to ensure long
term sustainability by balancing compliance with
strategic oversight

10. Directors’ Responsibility Statement

The Directors confirm that in the preparation of the annual

accounts for the year ended March 31,2025:

a. The applicable accounting standards have been
followed along with proper explanation relating to
material departures, if any,

b. The accounting policies framed in accordance with
the guidelines of the Reserve Bank of India were
consistently applied. Reasonable and prudent
judgements and estimates were made so as to give
a true and fair view of the state of affairs of the Bank
and for preventing and detecting fraud and other
irregularities,

c. Proper and sufficient care for the maintenance of
adequate accounting records in accordance with
the provisions of applicable laws governing banks in
India for safeguarding the assets of the Bank and for
preventing and detecting fraud and other irregularities,

d. Annual accounts have been prepared on a going
concern basis,

e. Internal financial controls system to be followed by the
Bank were laid down and that such internal financial
controls are adequate and were operating effectively,

f. Proper systems have been devised to ensure
compliance with the provisions of all applicable laws
and that such systems were adequate and operating
effectively