Bank of India Q1 FY27 Results: Net Profit Rises 36% to ₹3,068 Crore, Asset Quality Improves

Bank of India reported a strong performance for the first quarter of FY27, with growth in profits, deposits, advances, and operating income. The bank also improved its asset quality, profitability ratios, and capital position during the quarter ended June 30, 2026.

Net Profit Rises 36% in Q1 FY27

The bank's net profit increased 36.23% year-on-year (YoY) to ₹3,068 crore, compared to ₹2,252 crore in the same quarter last year.

Operating profit rose 25.99% YoY to ₹5,051 crore, while Net Interest Income (NII) grew 12.61% to ₹6,833 crore. Non-interest income also increased 19.07% YoY to ₹2,579 crore.

Business Growth Remains Strong

Bank of India's overall business expanded 16.57% YoY to ₹17.56 lakh crore.

Key business highlights include:

• Global deposits increased 14.90% YoY to ₹9.58 lakh crore.
• Global advances rose 18.64% YoY to ₹7.98 lakh crore.
• Domestic deposits grew 16.15%, while domestic advances increased 19.20%.
• RAM (Retail, Agriculture and MSME) advances rose 19.75% YoY, accounting for 58.30% of total domestic advances.
• Retail loans grew 20.60%, MSME advances increased 19.34%, and agriculture credit rose 18.92%. 

Asset Quality Improves Further

The bank reported a significant improvement in its asset quality during the quarter.

• Gross NPAs declined 26.41% YoY to ₹14,454 crore.
• Net NPAs fell 18.81% YoY to ₹4,019 crore.
• Gross NPA ratio improved to 1.81% from 2.92% a year ago.
• Net NPA ratio declined to 0.51% from 0.75%.
• Provision Coverage Ratio (PCR) improved to 93.83%. 

The slippage ratio also improved to 0.24%.

Profitability and Capital Position Strengthen

Bank of India reported improvements across key financial ratios.

• Cost-to-Income Ratio improved by 498 basis points to 46.33%.
• Return on Assets (ROA) increased to 1.01%.
• Return on Equity (ROE) improved to 16.12%.
• Net Interest Margin (Global) stood at 2.52%.
• Capital Adequacy Ratio (CRAR) improved to 18.69%, while CET-1 ratio stood at 15.97%.

Financial Inclusion and Digital Banking

The bank continued expanding its financial inclusion and digital banking initiatives.

• Around 3.58 lakh new PM Jan Dhan Yojana accounts were opened during the quarter.
• Internet banking (Omni Neo) users reached 10.1 million.
• Mobile banking users increased to 13.9 million.
• Digital transactions rose 22% YoY to 2.08 billion. 

Branch Network and Recognition

As of June 30, 2026, Bank of India had 38,063 customer touchpoints, including 5,510 domestic branches across rural, semi-urban, urban, and metro locations.

During the quarter, the bank also received several industry recognitions, including awards for innovation, banking certification, and excellence in price discovery.

Bank of India Share Price Movement

Bank of India share price (NSE: BANKINDIA ) ended the trading session on July 24, 2026, at ₹142.70, up 0.35% or ₹0.50 from the previous close. The stock opened at ₹142.00, touched an intraday high of ₹143.20, and fell to a low of ₹139.82. The bank has a market capitalisation of ₹64,950 crore, a price-to-earnings (P/E) ratio of 6.30, and a 52-week high of ₹178.36.

Read More: Dr. Reddy's Laboratories Share Price Falls Over 2% After Q1 FY27 Earnings Results: Total Income Down 4.6% YoY!

Conclusion

Bank of India delivered a strong Q1 FY27 performance with healthy growth in profits, deposits, and lending. Improved asset quality, better profitability ratios, and continued expansion in digital banking and financial inclusion reflect the bank's steady operational performance and focus on sustainable growth.

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