Hold Bank of India; target of Rs 55: Sharekhan

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26 Aug, 2025 12:21

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Sharekhan's research report on Bank of India

Bank of India (BOI) posted mixed results, where operational performance largely met expectations, while a high moratorium book and subdued margins were dampeners. Moratorium stood at 46% of loan book, relatively higher than peers. Due to weak capitalisation and COVID-19 led uncertainties, we expect growth outlook to remain weak and asset-quality performance to face challenges.

Outlook

We have cut our estimates for FY2021E and FY2022E, considering risks to asset quality, weak capitalization and growth uncertainty. We maintain our Hold rating with a revised PT of Rs. 55.

For all recommendations report, click here

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