Bank of India announces senior management changes and financial results

Bank of India (BSE: BANKINDIA) has announced key changes in its senior management, elevating General Managers Shri Pramod Kumar Dwibedi and Shri Sunil Sharma to the post of Chief General Manager, effective April 1, 2025. Coinciding with this announcement, the bank has also released its provisional financial results for Q4 FY25. The bank's global business reached INR 14,81,689 Crore, reflecting an 11.95% year-over-year growth. Global deposits increased by 10.65% to INR 8,16,539 Crore and global gross advances saw a 13.59% rise to INR 6,65,151 Crore. On the domestic front, deposits grew by 11.21% to INR 7,00,294 Crore and gross advances increased by 14.28% to INR 5,62,728 Crore. In separate news, Mr. M. Karthikeyan, Executive Director of Bank of India, has retired from his services on March 31, 2025. The Q4 FY25 financial results are provisional and subject to review by the Statutory Central Auditors.