Mumbai, October 23, 2026: Bank of India reported a 25.34% year-on-year increase in net profit for the quarter ended September 30, 2026, reaching ₹3,202 crore. Net profit for the first half of FY27 rose 30% year-on-year to ₹6,270 crore, the bank said on Monday.
The lender’s return on assets (ROA) improved to 1.01% and return on equity (ROE) to 16.36% for the quarter. Operating profit for Q2FY27 climbed 33.19% year-on-year to ₹5,089 crore, while the half-year figure stood at ₹10,140 crore, up 30% year-on-year.
Growth in business and advances
Bank of India’s global business expanded 21.13% year-on-year, surpassing ₹18.92 lakh crore. Global deposits rose 21.59% to over ₹10.37 lakh crore, and global advances increased 20.58% to more than ₹8.55 lakh crore. Overseas advances grew 35.21% to ₹1.51 lakh crore. Retail advances were up 19.27%, MSME advances 20.27%, and agriculture advances 16.34% year-on-year. RAM advances accounted for 58.63% of domestic gross advances. Domestic CASA deposits increased 7.17% to ₹3.07 lakh crore as of September 2026.
Asset quality and capital position
The bank’s gross NPA ratio improved by 94 basis points year-on-year to 1.60%, while net NPA ratio declined 23 basis points to 0.42%. Provision coverage ratio stood at 94.45%. The slippage ratio for Q2FY27 was 0.15%, and credit cost was 0.12%. Capital adequacy ratio (CRAR) as of September 30, 2026, was 17.78%, up 109 basis points year-on-year, with CET-1 at 15.49%.
Digital banking and customer base
On the digital front, users of the Omni Neo Mobile Banking platform rose to over 1.49 crore, and Internet Banking users exceeded 1.11 crore. Digital transactions increased 25% year-on-year to 2.21 billion. The bank opened 7.07 lakh new PMJDY accounts during the first half of FY27.
Income and efficiency metrics
Net interest income for the quarter rose 18.52% to ₹7,007 crore, while non-interest income grew 24.78% to ₹2,770 crore. Global net interest margin (NIM) improved by 6 basis points year-on-year to 2.47%. The cost-to-income ratio improved by 507 basis points to 47.95%.
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