Bank of India Welcomes New Government Nominee Director

1 min read     Updated on 06 Sept 2025, 10:37 AM
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Overview

Bank of India has appointed Shri Manoj Muttathil Ayyappan as the new Government Nominee Director, replacing Shri Bhushan Kumar Sinha. Ayyappan, aged 49, is currently Joint Secretary in the Department of Financial Services, Ministry of Finance. He brings over 25 years of experience in banking and financial services, with expertise in SME lending, financial analysis, trade finance, risk management, and credit operations. Ayyappan holds an MBA and B.Sc. from Mahatma Gandhi University, Kerala, and has worked with various financial institutions including Karur Vysya Bank, Utkarsh Small Finance Bank, and Axis Bank.

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*this image is generated using AI for illustrative purposes only.

Bank of India , one of India's leading public sector banks, has announced a significant change in its Board composition. The Government of India has appointed Shri Manoj Muttathil Ayyappan as the new Government Nominee Director, effective immediately. This appointment comes as a replacement for Shri Bhushan Kumar Sinha, marking a transition in the bank's leadership structure.

New Director's Profile

Shri Manoj Muttathil Ayyappan, aged 49, brings a wealth of experience to his new role at Bank of India. Currently serving as Joint Secretary in the Department of Financial Services, Ministry of Finance, Ayyappan's appointment underscores the government's commitment to enhancing the bank's governance and strategic direction.

Educational Background and Expertise

Ayyappan's educational credentials include:

  • MBA from Mahatma Gandhi University, Kerala
  • B.Sc. from Mahatma Gandhi University, Kerala

With over 25 years of experience in the banking and financial services sector, Ayyappan's expertise spans several critical areas:

  • SME lending
  • Financial analysis
  • Trade finance
  • Risk management
  • Credit operations

Professional Journey

Ayyappan's illustrious career includes significant roles at various financial institutions:

  • Karur Vysya Bank
  • Utkarsh Small Finance Bank
  • Axis Bank
  • Accenture Management Consulting
  • Infosys BPO
  • Bank of Madura Limited

This diverse experience across different banking environments positions him well to contribute to Bank of India's strategic initiatives and operational excellence.

Appointment Details

The appointment of Shri Manoj Muttathil Ayyappan as Government Nominee Director has been made under the provisions of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. It's worth noting that Ayyappan has no relationship with any of the existing directors of Bank of India, ensuring an independent perspective in his new role.

Implications for Bank of India

This change in the Board composition is expected to bring fresh insights and expertise to Bank of India's governance structure. Ayyappan's extensive experience in various aspects of banking, particularly in SME lending and risk management, aligns well with the bank's focus on strengthening its market position and enhancing its service offerings.

As Bank of India continues to navigate the evolving financial landscape, the addition of Shri Manoj Muttathil Ayyappan to its Board is likely to contribute to the bank's strategic decision-making processes and overall growth trajectory.

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DBS Bank India's Net Profit Soars 81% to Rs 684 Crore in FY25

1 min read     Updated on 29 Aug 2025, 08:37 PM
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Overview

DBS Bank India's net profit increased by 81% to Rs 684.00 crore in FY25. Interest income rose by 19% to Rs 9,295.00 crore, while other income grew by 32% to Rs 2,037.00 crore. Total assets expanded by 8% to Rs 1,40,000.00 crore, with the loan book growing 3% to Rs 55,360.00 crore. Gross NPAs improved to 2.78% from 3.33%, and the capital adequacy ratio strengthened to 16.81% from 15.75%. The bank operates close to 500 branches across India.

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DBS Bank India, one of the two foreign banks with a local subsidiary in India, has reported a remarkable financial performance for the fiscal year ended March 2025. The bank's net profit surged by 81% to Rs 684.00 crore, up from Rs 377.00 crore in the previous year, showcasing robust growth and operational efficiency.

Strong Revenue Growth

The bank's impressive profit growth was primarily driven by two key factors:

  1. Interest Income: DBS Bank India witnessed a substantial 19% increase in interest income, which rose to Rs 9,295.00 crore.
  2. Other Income: The bank's other income, including fees and treasury operations, saw a significant jump of 32%, reaching Rs 2,037.00 crore.

Asset Growth and Loan Book Expansion

DBS Bank India's total assets in India grew by 8% to Rs 1,40,000.00 crore. The bank's loan book also expanded, albeit at a more modest rate of 3%, reaching Rs 55,360.00 crore.

Improved Asset Quality

The bank demonstrated improved asset quality, with gross Non-Performing Assets (NPAs) declining to 2.78% from 3.33% year-on-year. This reduction in NPAs indicates better risk management and loan recovery practices.

Strengthened Capital Position

DBS Bank India's capital adequacy ratio, a key indicator of financial stability, strengthened to 16.81% from 15.75% in the previous year. This improvement suggests enhanced capacity to absorb potential losses and support future growth.

Expanding Presence

DBS Bank India operates close to 500 branches across the country, reflecting its commitment to the Indian market. The bank's presence was further bolstered by its acquisition of Lakshmi Vilas Bank in 2020, which has contributed to its growth strategy in India.

Financial Metric FY 2025 FY 2024 Change
Net Profit 684.00 377.00 +81%
Interest Income 9,295.00 - +19%
Other Income 2,037.00 - +32%
Total Assets 1,40,000.00 - +8%
Loan Book 55,360.00 - +3%
Gross NPAs 2.78% 3.33% -0.55 percentage points
Capital Adequacy Ratio 16.81% 15.75% +1.06 percentage points

DBS Bank India's strong performance in FY25 demonstrates its resilience and growth potential in the competitive Indian banking sector. The significant increase in profitability, coupled with improved asset quality and a stronger capital position, positions the bank well for continued expansion in the Indian market.

Historical Stock Returns for Bank of India

1 Day5 Days1 Month6 Months1 Year5 Years
+0.41%+6.12%+11.34%+19.16%+19.45%+211.59%
Bank of India
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