Bank of India Global Business Crosses ₹17.5 Lakh Crore with Strong 16.5% Growth in Q1 FY27

State-owned lender Bank of India (BOI) has announced its provisional financial results for the first quarter ended June 30, 2026. The public sector bank revealed aggressive growth across its domestic and international portfolios, with its total global business expanding by 16.58% year-on-year (YoY).

The bank's total global business (combining deposits and gross advances) reached ₹17,55,915 crore as of June 30, 2026. This marks a significant increase from the ₹15,06,142 crore recorded in the same period last year, and steady sequential momentum from the ₹16,98,662 crore logged at the end of the previous fiscal year on March 31, 2026.

Strong Growth in Deposits

Bank of India reported a 14.92% YoY growth in global deposits, which reached ₹9,58,117 crore for the quarter, up from ₹8,33,698 crore in June 2025.

On the domestic front, the expansion was even more pronounced. Domestic deposits climbed 16.17% YoY to touch ₹8,25,157 crore, compared to ₹7,10,277 crore in the prior year's first quarter. Sequentially, domestic deposits increased by ₹24,714 crore against the ₹8,00,443 crore registered on March 31, 2026.

Global Credit Book Nears ₹8 Lakh Crore

The lender's loan book grew at a faster pace than deposits, highlighting resilient credit demand. Global gross advances rose 18.64% YoY to stand at ₹7,97,798 crore, a step up from the ₹6,72,444 crore posted in June 2025.

Key credit drivers include:

Domestic Advances: Gross domestic lending stepped up by 19.12% YoY, touching ₹6,73,386 crore as of June 30, 2026, compared to ₹5,65,297 crore in the previous fiscal year.

RAM Portfolio Expansion: The bank's focus on the retail, agriculture, and MSME (RAM) segments continued to yield strong results. Gross domestic RAM advances surged 19.69% YoY to reach ₹3,92,647 crore, up from ₹3,28,048 crore in June 2025. The RAM portfolio now accounts for more than 58% of the bank's total gross domestic advances.

The bank confirmed that the information has been officially filed in compliance with Insider Trading and Fair Disclosure guidelines.

The data presented for the quarter ended June 30, 2026, is provisional and remains subject to a limited review by the Statutory Central Auditors of the bank before final publication.

Shares of Bank of India was last trading in BSE at Rs. 144.10 as compared to the previous close of Rs. 145.00. The total number of shares traded during the day was 646924 in over 4669 trades.

The stock hit an intraday high of Rs. 147.05 and intraday low of 142.75. The net turnover during the day was Rs. 93744848.00.

Source : Equity Bulls

Keywords

BankofIndia INE084A01016 BusinessUpdate Q1FY27