Quarterly Financial Results
Bank of India Q1 FY27 Results: Net Profit Rises 36% as Business Growth and Asset Quality Improve
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- Bank of India delivered a strong performance for the quarter ended 30 June 2026, with Net Profit increasing 36.23% YoY to ₹3,068 crore and Operating Profit rising 25.99% YoY to ₹5,051 crore.
- Growth was supported by healthy expansion in deposits and advances, improving asset quality, higher profitability and stronger capital adequacy.
- Global business crossed ₹17.56 lakh crore, while Gross NPA and Net NPA ratios continued to improve, reflecting disciplined credit management.Â
PRICE-SENSITIVE TRIGGER
Event: Bank of India announced its unaudited (reviewed) standalone and consolidated financial results for the quarter ended 30 June 2026.
Type: Quarterly Financial Results
Impact: Positive
Immediate Effect: The bank reported broad-based business growth, higher profitability, improved asset quality and stronger capital ratios, indicating continued operational momentum during Q1 FY27.
Metrics:
Key Financial Metrics:
- Global Business: ₹17,55,699 crore (▲16.57% YoY)
- Global Deposits: ₹9,57,924 crore (▲14.90% YoY)
- Global Advances: ₹7,97,775 crore (▲18.64% YoY)
- Operating Profit: ₹5,051 crore (▲25.99% YoY)
- Net Profit (PAT): ₹3,068 crore (▲36.23% YoY)
- Net Interest Income (NII): ₹6,833 crore (▲12.61% YoY)
- Non-Interest Income: ₹2,579 crore (▲19.07% YoY)
- Net Interest Margin (Global):Â 2.52%
- Cost-to-Income Ratio: 46.33% (improved by 498 bps YoY)
- Return on Assets (ROA):Â 1.01%
- Return on Equity (ROE):Â 16.12%
- Gross NPA Ratio:Â 1.81%
- Net NPA Ratio:Â 0.51%
- Capital Adequacy Ratio (CRAR):Â 18.69%
- CET-1 Ratio:Â 15.97%
Highlight:
- Bank of India delivered strong double-digit growth across advances, deposits and profitability while further strengthening asset quality and capital adequacy during Q1 FY27.Â
What Happened ?
Bank of India reported a robust first quarter of FY27, driven by healthy growth across domestic and overseas operations. Strong expansion in deposits and advances, coupled with higher net interest income and non-interest income, supported a significant improvement in profitability.
The bank also continued to strengthen its balance sheet by reducing non-performing assets, improving provision coverage and maintaining capital levels well above regulatory requirements. Retail, Agriculture and MSME (RAM) lending remained the key growth engine, accounting for more than half of domestic advances.Â
key details
Business Performance & Operational Highlights:
- Global business increased 16.57% YoY to ₹17.56 lakh crore.
- Global deposits grew 14.90% YoY, while global advances increased 18.64% YoY.
- Domestic advances rose 19.20% YoY, supported by healthy credit demand.
- Domestic deposits increased 16.15% YoY.
- RAM advances grew 19.75% YoY and accounted for 58.30% of domestic gross advances.
- Retail credit increased 20.60% YoY.
- MSME advances grew 19.34% YoY.
- Agriculture credit increased 18.92% YoY.
- Gross NPAs declined 26.41% YoY to ₹14,454 crore.
- Net NPAs declined 18.81% YoY to ₹4,019 crore.
- Provision Coverage Ratio improved to 93.83%.
- During the quarter, the bank opened 3.58 lakh new PMJDY accounts.
- Digital transactions increased 22% YoY to 2.08 billion, while Omni Neo Internet Banking users reached 10.1 million and Mobile Banking users increased to 13.9 million.
Note:
- The quarter reflects Bank of India’s balanced growth strategy, combining higher credit expansion with disciplined risk management.
- Continued improvement in profitability, asset quality and digital adoption reinforces the bank’s operational momentum while maintaining strong capital buffers.
Risk Analysis
Summary:
- Although the bank reported healthy financial and operational performance, future growth will depend on sustaining credit expansion, maintaining asset quality and preserving margins amid changing interest rate and economic conditions.
Key Risks:
- Net Interest Margin remained at 2.52%, requiring continued focus on funding costs and loan yields.
- Sustaining strong loan growth while maintaining credit quality remains a key priority.
- CASA ratio stood at 36.68%, making deposit mobilisation important in a competitive banking environment.
- Future profitability could be influenced by interest rate movements and credit demand.
- Continued monitoring of asset quality will remain essential despite improving NPA ratios.Â
Worst Case:
- A slowdown in credit growth or deterioration in asset quality could increase provisioning requirements, pressure margins and moderate future earnings despite the bank’s current strong capital position.
Risk Level: Low
Company Commentary
- Management highlighted strong growth in global business, deposits and advances during Q1 FY27.
- Operating Profit increased 25.99% YoY, while Net Profit rose 36.23% YoY.
- Asset quality continued to improve, with Gross NPA reducing to 1.81% and Net NPA to 0.51%.
- The bank maintained a strong Capital Adequacy Ratio of 18.69% with CET-1 at 15.97%.
- Continued focus on RAM lending, digital banking expansion, financial inclusion and prudent risk management supported the bank’s overall performance during the quarter.
Official Exchange Filing: Bank of India Limited
