2026-07-25 02:01:19
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Stock Report
Bank of India Surge: Q1 FY27 Net Profit Jumps 36% to ₹3,068 Crore as Asset Quality Reaches Record Highs
Posted On : 2026-07-24 18:09:14( TIMEZONE : IST )
Bank of India (BSE: 532149, NSE: BANKINDIA) announced its quarterly financial results for the period ended June 30, 2026 (Q1 FY27), posting a stellar 36.23% year-on-year surge in Net Profit to ₹3,068 crore, compared to ₹2,252 crore in Q1 FY26.
The public sector lender's performance was bolstered by double-digit growth in advances, strong core interest income, expanding net interest margins, and a sharp reduction in non-performing assets (NPAs).
Core Financial & Profitability Highlights
Net Profit: Rose 36.23% YoY to ₹3,068 crore in Q1 FY27 (versus ₹2,252 crore in Q1 FY26).
Operating Profit: Expanded 25.99% YoY to ₹5,051 crore (versus ₹4,009 crore in Q1 FY26).
Net Interest Income (NII): Grew 12.61% YoY to ₹6,833 crore (up from ₹6,068 crore in Q1 FY26).
Non-Interest Income: Climbed 19.07% YoY to ₹2,579 crore (up from ₹2,166 crore in Q1 FY26).
Net Interest Margin (NIM): Global NIM stood firmly at 2.52%.
Cost to Income Ratio (CIR): Improved significantly by 498 bps YoY to 46.33%, highlighting tightened cost management.
Return Metrics:
Return on Assets (ROA): Advanced 19 bps YoY to 1.01%.
Return on Equity (ROE): Rose 257 bps YoY to 16.12%.
Robust Business Expansion Across Portfolios
Bank of India's overall business footprint demonstrated healthy double-digit growth driven by retail and RAM (Retail, Agriculture, MSME) lending.
Global Business: Crosses the ₹17-lakh-crore mark, reaching ₹17,55,699 crore (up 16.57% YoY from ₹15,06,142 crore in June 2025).
Global Deposits: Rose 14.90% YoY to ₹9,57,924 crore (Domestic deposits grew 16.15% to ₹8,24,963 crore; Overseas deposits grew 7.73% to ₹1,32,961 crore).
Domestic CASA: Domestic CASA deposits grew 7.18% YoY to ₹3,02,085 crore, with the CASA ratio holding steady at 36.68%.
Global Advances: Scaled 18.64% YoY to ₹7,97,775 crore (Domestic advances grew 19.20% to ₹6,73,833 crore; Overseas advances grew 15.67% to ₹1,23,942 crore).
Breakdown of RAM Segment Growth
The RAM (Retail, Agriculture, and MSME) segment grew by 19.75% YoY to ₹3,92,833 crore, constituting 58.30% of total domestic gross advances:
Retail Credit: Surged 20.60% YoY to ₹1,66,170 crore.
MSME Advances: Rose 19.34% YoY to ₹1,10,881 crore.
Agriculture Credit: Expanded 18.92% YoY to ₹1,15,782 crore.
Substantial Improvement in Asset Quality
The bank achieved significant stress reduction across its credit portfolio:
Gross NPA (GNPA): Reduced by 26.41% YoY to ₹14,454 crore (down from ₹19,640 crore in June 2025).
Net NPA (NNPA): Reduced by 18.81% YoY to ₹4,019 crore (down from ₹4,950 crore in June 2025).
GNPA Ratio: Improved by 111 bps YoY to 1.81% (versus 2.92% in June 2025).
Net NPA Ratio: Improved by 24 bps YoY to 0.51% (versus 0.75% in June 2025).
Slippage Ratio: Lowered by 9 bps YoY to 0.24%.
Provision Coverage Ratio (PCR): Strengthened to 93.83% (up from 92.94% in June 2025).
Capital Adequacy & Priority Sector Compliance
Capital Adequacy Ratio (CRAR): Stood strong at 18.69%, with CET-1 ratio at 15.97%, providing ample headroom for future credit expansion.
Priority Sector Target: Priority sector advances reached 47.11% of ANBC (exceeding regulatory requirement).
Agricultural advances achieved 19.85% of ANBC.
Small & Marginal Farmers achieved 14.22% of ANBC (versus norm of 10%).
Weaker Sections achieved 17.95% of ANBC (versus norm of 12%).
Financial Inclusion, Digital Footprint & Branch Network
Financial Inclusion: Opened 3.58 lakh new PMJDY accounts during Q1 FY27. Total Jan Suraksha enrollments reached:
PMJJBY: 137 lakh (vs 124 lakh in Jun '25)
PMSBY: 309 lakh (vs 290 lakh in Jun '25)
APY: 44.69 lakh (vs 40.57 lakh in Jun '25)
Digital Banking Adoption: Digital transactions grew 22% YoY to 2.08 billion.
Internet Banking (Omni Neo): 10.1 million registered users.
Mobile Banking (Omni Neo): 13.9 million registered users.
Physical Footprint: Operates 38,063 touchpoints as of June 30, 2026, including 5,510 domestic branches (Rural: 35%, Semi-Urban: 30%, Urban: 17%, Metro: 18%).
Recent Key Industry Recognitions
During the period, Bank of India earned several prestigious accolades:
BAANKNET Excellence in Price Discovery Award FY26.
Two Gold Awards for Corporate Banking Innovation & Product Innovation (FCSS) at the Infosys Innovation Awards 2026.
Excellence in Professional Banking Certification at the IIBF Leadership Meet 2026.
ET- Rising Star of the Year at The Economic Times Enterprise Security Awards 2026.
Shares of Bank of India was last trading in BSE at Rs. 142.20 as compared to the previous close of Rs. 143.95. The total number of shares traded during the day was 533232 in over 1427 trades.
The stock hit an intraday high of Rs. 143.95 and intraday low of 141.55. The net turnover during the day was Rs. 75885628.00.
