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Latest balance sheet of Bank Of India is weak, and historically as well.
Yes, profit is increasing.
The profit of Bank Of India is ₹8,191 Crs for TTM, ₹6,564 Crs for Mar 2024 and ₹3,838 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Bank Of India latest dividend payout ratio is 19.42% and 3yr average dividend payout ratio is 21.43%
Company has been allocating majority of new resources to productive uses like advances.