CRISIL Ratings has reaffirmed its ratings on Bank of India’s (BOI) debt instruments, including Tier I & II Bonds, and Certificate of Deposits. Additionally, a CRISIL AA+/Stable rating has been assigned to BOI’s ₹10,000 crore Infrastructure Bonds. The ratings reflect strong government support, an established market position, and a comfortable resource profile, balanced against moderate asset quality and earnings.
Ratings Reaffirmed and Assigned
CRISIL Ratings has reaffirmed its ‘Crisil AA+/Stable’ rating for the ₹6,800 crore Tier II Bonds (under BASEL III) and its ‘Crisil AA/Stable’ rating for the outstanding Tier I Bonds (under BASEL III) of Bank of India (BOI). The ‘Crisil A1+’ rating on the bank’s ₹30,000 crore Certificate of Deposits has also been reaffirmed. A new ‘Crisil AA+/Stable’ rating was assigned to the bank’s ₹10,000 crore Infrastructure Bonds.
Key Rating Strengths
The ratings reflect the expectation of continued strong support from the Government of India (GOI), which holds a majority stake in the bank. BOI’s established market presence and comfortable resource profile also support the ratings.
Asset Quality and Earnings Profile
While asset quality and earnings are moderate, there has been improvement. Gross non-performing assets (GNPA) stood at 2.5% as of September 30, 2025. The bank’s profitability, marked by a return on assets (RoA) of 0.9% for fiscal 2025, shows enhanced financial stability. The bank’s liquidity coverage ratio was around 119% for the quarter ended September 30, 2025.
ESG Commitment
BOI is focused on strengthening its ESG (Environmental, Social, and Governance) profile. The bank’s governance structure is characterized by a board with a significant proportion of independent directors, a dedicated investor grievance redressal system, and extensive financial disclosures.
Source: BSE