Bank of India announced its unaudited financial results for the second quarter and half-year ended September 30, 2026. The bank reported a notable 25.34% year-on-year increase in net profit for Q2 FY27, reaching ₹3,202 crore. Operating profit also saw a substantial rise of 33.19% YoY to ₹5,089 crore, reflecting robust business growth and improved profitability metrics for the period.
Bank of India Reports Strong Q2 FY27 Financial Performance
Bank of India has declared its Unaudited (Reviewed) Financial Results for the second quarter and half-year ended September 30, 2026. The bank showcased significant year-on-year growth across key profitability indicators.
Q2 FY27 Highlights:
- Net Profit: Increased by 25.34% YoY to ₹3,202 crore for Q2 FY27, compared to ₹2,555 crore in Q2 FY26.
- Operating Profit: Grew by 33.19% YoY to ₹5,089 crore in Q2 FY27, up from ₹3,821 crore in Q2 FY26.
- Net Interest Income (NII): Increased by 18.52% YoY to ₹7,007 crore in Q2 FY27, compared to ₹5,912 crore in Q2 FY26.
- Non-Interest Income: Rose by 24.78% YoY to ₹2,770 crore in Q2 FY27, from ₹2,220 crore in Q2 FY26.
H1 FY27 Highlights:
- Net Profit: Improved by 30% YoY to ₹6,270 crore for H1 FY27, against ₹4,807 crore in H1 FY26.
- Operating Profit: Increased by 30% YoY to ₹10,140 crore for H1 FY27, compared to ₹7,830 crore in H1 FY26.
- Net Interest Income (NII): Grew by 16% YoY to ₹13,840 crore for H1 FY27, from ₹11,981 crore in H1 FY26.
- Non-Interest Income: Increased by 22% YoY to ₹5,349 crore for H1 FY27, compared to ₹4,386 crore in H1 FY26.
Key Business and Ratio Performance:
The bank also reported strong performance in its global business metrics. Global Business increased by 21.13% YoY to ₹18,92,601 crore. Global Deposits grew by 21.59% YoY to ₹10,37,530 crore, and Global Advances increased by 20.58% YoY to ₹8,55,071 crore.
Several key ratios also showed positive trends:
- Cost to Income Ratio (CIR) improved by 507 bps YoY to 47.95% in Q2 FY27.
- Return on Assets (ROA) increased by 10 bps YoY to 1.01% in Q2 FY27.
- Gross NPA ratio improved by 94 bps YoY to 1.60%.
- Net NPA ratio improved by 23 bps YoY to 0.42%.
- Return on Equity (ROE) increased by 142 bps YoY to 16.36% in Q2 FY27.
Digital banking initiatives also saw growth, with Internet Banking users reaching over 1.11 crore and Mobile Banking users over 1.49 crore as of September 26, 2026.
Source: BSE
