Analyst recommended Bank of India citing strong Q2 deposit and credit growth and attractive valuation

Mon 5 Oct 2026

Book size

more than 8.5 lakh crore rupees

Deposit growth

21.6 percent

Credit growth

20.4 percent

RAM segment growth

18.57 percent

Price to book one year forward

less than 0.69

Heard on business television between 08:52:13 - 08:55:13 IST.

• Bank of India reported a book size of more than 8.5 lakh crore rupees.
• Deposit growth came in at 21.6%, described as unheard of for a public sector bank in the last 10 years.
• Credit growth was 20.4% and RAM segment growth was 18.57%.
• Stock trades at less than 0.69 price to book one-year forward after a correction, making it the preferred pick in banking space.
• Analyst expects RBI to pause rate hikes this time, which could trigger a good rally.

The call above is Dharmendra, Cholamandalam Securities's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.