Bank of India shares jump 3% after strong Q2 update; global business up 12% YoY
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Shares of Bank of India (BOI) rose 2.8% to hit a day’s high of Rs 129.50 on the BSE on Tuesday, following the release of robust provisional performance data for the quarter ended September 30, 2025. The rally was driven by a strong uptick in the bank's global business, which expanded 11.8% year-on-year (YoY) to Rs 15.62 lakh crore. According to provisional figures released by the bank, global deposits rose 10.08% YoY to Rs 8.53 lakh crore, while gross global advances surged 13.94% to Rs 7.09 lakh crore, highlighting robust credit demand and healthy asset growth. Domestically, deposits grew 8.53% to Rs 7.30 lakh crore, and retail term deposits jumped 14.15% to Rs 3.45 lakh crore, reflecting strong retail traction. Domestic gross advances saw an impressive 14.62% YoY rise, reaching Rs 5.97 lakh crore, supported by consistent lending momentum across sectors. The bullish stock movement may be attributed to the sustained pickup in credit o...