Bank of India has reported a robust performance for the fiscal year ended March 31, 2026. The bank achieved a 14.19% YoY growth in net profit, reaching ₹10,527 crore. Operating profit also saw a steady increase, rising to ₹17,049 crore. With improved asset quality, including a gross NPA ratio of 1.98%, the bank remains in a strong capital position with a CRAR of 18.01% as of the fiscal year-end.
Financial Highlights for FY26
Bank of India concluded the 2026 fiscal year with strong financial results. The institution recorded a net profit of ₹10,527 crore, marking a significant 14.19% year-on-year increase. For the final quarter (Q4FY26), net profit rose by 14.85% to ₹3,016 crore. Operating profit for the full year stood at ₹17,049 crore, reflecting a consistent growth trajectory for the bank.
Business Expansion and Deposit Growth
The bank’s total global business mix expanded by 14.57%, surpassing the ₹16.98 lakh crore milestone. Global deposits grew by 13.56% to exceed ₹9.27 lakh crore, while global advances rose by 15.82% to over ₹7.71 lakh crore. Retail and MSME sectors were key drivers, with retail advances showing a notable 21.19% annual increase.
Enhanced Asset Quality and Capital Position
Asset quality showed marked improvement, as the Gross NPA ratio dropped to 1.98%, an improvement of 129 basis points year-on-year. The bank’s Net NPA ratio also improved by 26 basis points to 0.56%. Reflecting sound capital management, the Capital Adequacy Ratio (CRAR) remained healthy at 18.01% as of March 31, 2026.
Digital Growth
The bank continued its digital transformation journey, adding over 5.1 million (51 lakh) new customers during the year. Total UPI users have now reached more than 27.1 million (271 lakh). Furthermore, the volume of transactions processed through alternate delivery channels reached 7.6 billion, representing a 22% growth compared to the previous year.
Source: BSE
