Bank of India reported a 25.3% year-on-year increase in net profit to ₹3,202 crore for the September quarter, compared with ₹2,555 crore in the year-ago period. The public sector lender also reported strong growth in net interest income (NII), while improvements in asset quality and operating efficiency supported its overall performance.
Net interest income rose 18.5% to ₹7,007 crore from ₹5,914 crore a year earlier. Operating profit grew at a faster pace, increasing 33.2% year on year to ₹5,089 crore from ₹3,821 crore.
Asset quality improves, bad loan ratios decline
The bank reported an improvement in asset quality during the quarter, with both gross and net non-performing asset (NPA) ratios declining sequentially.
Gross NPA stood at 1.6% in September 2026, compared with 1.81% in the June quarter. Net NPA declined to 0.42% from 0.51% over the same period.
The provision coverage ratio (PCR), which indicates the extent to which a bank has set aside provisions against its bad loans, rose to 94.45% in September 2026 from 93.39% a year earlier. The slippage ratio stood at 0.15%, while credit cost was 0.12%.
Global business expands 21%
Bank of India’s global business grew 21.13% year on year to ₹18.93 lakh crore as of September 2026, reflecting growth in both deposits and advances.
Global deposits increased 21.59% to ₹10.38 lakh crore, while global advances rose 20.58% to ₹8.55 lakh crore. Retail, agriculture and micro, small and medium enterprise (MSME) lending also recorded double-digit growth.
Retail credit rose 19.27% year on year to ₹1.74 lakh crore, while MSME advances increased 20.27% to ₹1.18 lakh crore. Agriculture credit grew 16.34% to ₹1.21 lakh crore.
Retail, agriculture and MSME lending together form a key part of the bank’s RAM (retail, agriculture and MSME) portfolio. RAM advances grew 18.68% year on year and accounted for 58.63% of total advances.
Profitability and capital position strengthen
The bank’s cost-to-income ratio improved by 507 basis points year on year to 47.95%, indicating greater operating efficiency. Return on assets rose 10 basis points to 1.01%, while return on equity increased 142 basis points to 16.36%.
Global net interest margin improved by six basis points year on year to 2.47%.
Bank of India’s capital adequacy ratio (CRAR) increased 109 basis points year on year to 17.78%, with its Common Equity Tier 1 (CET-1) ratio at 15.49%.
Digital banking adoption grows
The bank continued to see growth in digital banking usage. Its internet banking platform, Omni Neo, had more than 1.11 crore users as of September 2026, while mobile banking users exceeded 1.49 crore.
Digital transactions rose 25% year on year to 2.21 billion in September 2026, highlighting the growing role of digital channels in the bank’s customer engagement and service delivery.
Bank of India also reported that priority sector advances grew 12.03% year on year, accounting for 46.24% of adjusted net bank credit (ANBC) as of September 2026. Advances to small and marginal farmers stood at 13.84% of ANBC, above the regulatory norm of 10%, while lending to weaker sections accounted for 17.51%, against the prescribed norm of 12%.