Gross non-performing assets (NPA) ratio improved to 1.98% in the March quarter from 2.26% in the previous quarter, while net NPA stood at 0.56% against 0.60% quarter-on-quarter. On a year-on-year basis, gross NPA declined 129 basis points and net NPA improved 26 basis points.
Provisions for the quarter were ₹989.8 crore, compared with ₹576 crore in the preceding quarter and ₹1,338 crore in the same period last year. Provision coverage ratio improved 118 basis points to 93.57%.
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Bank of India reported a 14.19% year-on-year rise in net profit for FY26 to ₹10,527 crore. Operating profit for the year increased 3.88% to ₹17,049 crore, while operating profit for Q4FY26 rose 2.88% to ₹5,026 crore.
Net interest income for FY26 increased 3.19% year-on-year. Return on assets (ROA) and return on equity (ROE) for Q4FY26 stood at 1.01% and 16.36%, respectively. Global and domestic net interest margins (NIM) for FY26 were 2.52% and 2.78%, while for Q4FY26 they stood at 2.58% and 2.84%, respectively.
The bank’s global business mix grew 14.57% year-on-year and crossed ₹16.98 lakh crore. Global deposits rose 13.56% to ₹9.27 lakh crore, while global advances increased 15.82% to ₹7.71 lakh crore. Overseas advances rose 14.25% to ₹1.17 lakh crore.
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On the credit portfolio, retail advances increased 21.19%, MSME advances rose 17.68%, agriculture advances grew 17.60% and corporate advances increased 12.08%. The share of RAM advances rose to 58.74%. CASA deposits increased 7.30% year-on-year, with the CASA ratio at 37.64% as on March 31, 2026.
Slippage ratio for FY26 improved 53 basis points to 0.83%, while Q4 slippage ratio improved 14 basis points to 0.18%. Credit cost improved 28 basis points to 0.48%. Capital adequacy ratio (CRAR) stood at 18.01% as on March 31, 2026.
In digital and alternate channels, the bank added over 51 lakh customers during FY26, taking total UPI customers to over 271 lakh. Transactions through alternate delivery channels increased 22% year-on-year to 7.6 billion.
The bank recommended a dividend of ₹4.65 per equity share (46.50%), on a face value of ₹10 each fully paid-up, for FY2025-26, subject to approval of shareholders at the ensuing Annual General Meeting.
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The bank has fixed May 29, 2026, as the record date/cut-off date for the purpose of dividend payment. Shareholders holding shares as on the cut-off date will be eligible for the dividend payment.
Shares of Bank of India Ltd ended at ₹139.75, down by ₹0.55, or 0.39%, on the BSE.
