Bank of India announced its unaudited Q1 FY27 financial results, reporting a 36.23% year-on-year increase in net profit to ₹3,068 crore. Operating profit saw a 25.99% rise to ₹5,051 crore. The bank highlighted improvements in asset quality, with Gross NPA ratio reducing to 1.81% and Net NPA ratio to 0.51%.
Bank of India Reports Strong Q1 FY27 Results
Bank of India has released its unaudited (reviewed) financial results for the first quarter ended June 30, 2026. The bank demonstrated robust financial performance, with a significant year-on-year growth across key profitability metrics.
Key Financial Highlights
Profitability & Asset Quality:
- Operating Profit improved by 25.99% YoY, standing at ₹5,051 crore for Jun’26, up from ₹4,009 crore in Jun’25.
- Net Profit increased by a substantial 36.23% YoY, reaching ₹3,068 crore for Jun’26, compared to ₹2,252 crore in Jun’25.
- Net Interest Income (NII) saw a growth of 12.61% YoY, totaling ₹6,833 crore for Jun’26, up from ₹6,068 crore in Jun’25.
- Non-Interest Income increased by 19.07% YoY to ₹2,579 crore for Jun’26 from ₹2,166 crore in Jun’25.
- Gross NPA ratio improved by 111 bps YoY to 1.81% for Jun’26.
- Net NPA ratio improved by 24 bps YoY to 0.51% for Jun’26.
- Provision Coverage Ratio (PCR) improved to 93.83% in Jun’26 from 92.94% in Jun’25.
- The bank’s CRAR (Capital to Risk-Weighted Assets Ratio) improved to 18.69% as on 30.06.2026 from 17.39% as on 30.06.2025.
Business Performance
The bank’s Global business grew by 16.57% YoY to ₹17.55 lakh crore in Jun’26. Global Deposits increased by 14.90% YoY to ₹9.58 lakh crore, while Domestic Deposits grew by 16.15% YoY to ₹8.25 lakh crore. Global Gross Advances increased by 18.64% YoY to ₹7.98 lakh crore.
Institutional Initiatives
Bank of India has undertaken several institutional initiatives, including establishing a dedicated Sales Vertical, launching a Strategic Business Branch (SVB), introducing a Virtual Personalized Debit Card, the BOI Star Choice Current Account, and operationalizing a Centralized Video Customer Identification Process Centre. The bank also expanded its digital banking services in Kenya with the launch of the Kenya Mobile Banking App.
Outlook
The bank anticipates a constructive outlook for the Indian economy, supported by stable consumption and healthy credit demand. Guidance for FY27 remains unchanged with global advances projected to grow by 15-16% and global deposits by 13-14%. The focus will be on balanced growth, improving the deposit mix, supporting credit demand, maintaining asset quality, and enhancing operational efficiency through technology.
Source: BSE
