Bank of India reported a 36.23% year-on-year rise in Q1 FY27 net profit to ₹3,068 crore, driven by strong loan growth, improved asset quality, and robust business expansion.
Mumbai : Bank of India (BOI) reported a robust financial performance for the first quarter of FY2026-27, with net profit rising 36.23% year-on-year to ₹3,068 crore for the quarter ended June 30, 2026. The state-owned lender also recorded improvements in key profitability and asset quality indicators, reflecting sustained business growth and operational efficiency.
The bank's operating profit increased by 25.99% year-on-year to ₹5,051 crore during the quarter. Return on Assets (RoA) improved to 1.01%, while Return on Equity (RoE) rose to 16.12%, highlighting stronger profitability.
Bank of India's global business expanded by 16.57% year-on-year to ₹17,55,699 crore as of June 30, 2026, compared with ₹15,06,142 crore a year earlier. Global deposits increased 14.90% to ₹9,57,924 crore, while global advances grew 18.64% to ₹7,97,775 crore. Overseas deposits rose 7.73% to ₹1,32,961 crore, and overseas advances climbed 15.67% to ₹1,23,942 crore during the same period.
On the domestic front, deposits grew 16.15% year-on-year to ₹8,24,963 crore, while domestic advances increased 19.20% to ₹6,73,833 crore. The bank's domestic Current Account Savings Account (CASA) deposits reached ₹3,02,085 crore, with the CASA ratio standing at 36.68%, indicating a healthy low-cost deposit base.
Retail, Agriculture and MSME (RAM) advances continued to be a key growth driver, rising 19.75% year-on-year to ₹3,92,833 crore and accounting for 58.30% of domestic gross advances. Retail credit grew 20.60% to ₹1,66,170 crore, MSME advances increased 19.34% to ₹1,10,881 crore, and agriculture credit rose 18.92% to ₹1,15,782 crore.
The bank also reported a significant improvement in asset quality. Gross Non-Performing Asset (GNPA) ratio declined by 111 basis points to 1.81% from 2.92% a year earlier, while the Net NPA ratio improved to 0.51% from 0.75%. The quarterly slippage ratio also improved by 9 basis points to 0.24%, while credit cost moderated to 0.15 in Q1 FY27 from 0.17 in the corresponding quarter last year.
Bank of India maintained a strong capital position, with its Capital Adequacy Ratio (CRAR) standing at 18.69% as of June 30, 2026, providing ample headroom to support future credit growth.
The lender also continued to witness strong digital adoption. Total digital transactions increased by 22% year-on-year, rising from 1.70 billion transactions in June 2025 to 2.08 billion transactions in June 2026, underscoring the bank's growing digital banking ecosystem and customer engagement.
The Q1 FY27 performance reflects Bank of India's continued focus on profitable growth, improving asset quality, strong credit expansion across key segments, and digital transformation, positioning the lender well for sustained growth in the current financial year.
Mumbai : Bank of India (BOI) reported a robust financial performance for the first quarter of FY2026-27, with net profit rising 36.23% year-on-year to ₹3,068 crore for the quarter ended June 30, 2026. The state-owned lender also recorded improvements in key profitability and asset quality indicators, reflecting sustained business growth and operational efficiency.
The bank's operating profit increased by 25.99% year-on-year to ₹5,051 crore during the quarter. Return on Assets (RoA) improved to 1.01%, while Return on Equity (RoE) rose to 16.12%, highlighting stronger profitability.
Bank of India's global business expanded by 16.57% year-on-year to ₹17,55,699 crore as of June 30, 2026, compared with ₹15,06,142 crore a year earlier. Global deposits increased 14.90% to ₹9,57,924 crore, while global advances grew 18.64% to ₹7,97,775 crore. Overseas deposits rose 7.73% to ₹1,32,961 crore, and overseas advances climbed 15.67% to ₹1,23,942 crore during the same period.
On the domestic front, deposits grew 16.15% year-on-year to ₹8,24,963 crore, while domestic advances increased 19.20% to ₹6,73,833 crore. The bank's domestic Current Account Savings Account (CASA) deposits reached ₹3,02,085 crore, with the CASA ratio standing at 36.68%, indicating a healthy low-cost deposit base.
Retail, Agriculture and MSME (RAM) advances continued to be a key growth driver, rising 19.75% year-on-year to ₹3,92,833 crore and accounting for 58.30% of domestic gross advances. Retail credit grew 20.60% to ₹1,66,170 crore, MSME advances increased 19.34% to ₹1,10,881 crore, and agriculture credit rose 18.92% to ₹1,15,782 crore.
The bank also reported a significant improvement in asset quality. Gross Non-Performing Asset (GNPA) ratio declined by 111 basis points to 1.81% from 2.92% a year earlier, while the Net NPA ratio improved to 0.51% from 0.75%. The quarterly slippage ratio also improved by 9 basis points to 0.24%, while credit cost moderated to 0.15 in Q1 FY27 from 0.17 in the corresponding quarter last year.
Bank of India maintained a strong capital position, with its Capital Adequacy Ratio (CRAR) standing at 18.69% as of June 30, 2026, providing ample headroom to support future credit growth.
The lender also continued to witness strong digital adoption. Total digital transactions increased by 22% year-on-year, rising from 1.70 billion transactions in June 2025 to 2.08 billion transactions in June 2026, underscoring the bank's growing digital banking ecosystem and customer engagement.
The Q1 FY27 performance reflects Bank of India's continued focus on profitable growth, improving asset quality, strong credit expansion across key segments, and digital transformation, positioning the lender well for sustained growth in the current financial year.
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