Bank of India Q3FY26 Earnings Results: Net Profit Rises 7% to ₹2,705 Crore; GNPA Improves to 2.26%

The bank’s global advances rose 13.63% year-on-year in Q3FY26, driven mainly by strong domestic growth of 15.16% YoY. Overall, global business crossed the ₹16 lakh crore mark, highlighting sustained balance sheet expansion.

• Overseas advances grew at a modest 5.70% YoY
• Retail loans increased by 20.64% YoY
• Agriculture advances grew 16.69% YoY
• MSME loans rose 15.77% YoY
• Corporate advances grew 11.32% YoY

The share of Retail, Agriculture and MSME (RAM) loans improved to 58.54% of total advances, reflecting a better-quality loan mix.

Deposit Growth

Total global deposits grew 11.64% YoY, led by domestic deposits, which rose 12.80% YoY.

• CASA deposits increased 4.48% YoY
• CASA ratio stood at 37.97% as of December 31, 2025

While CASA growth was moderate, overall deposit traction remained healthy.

Profitability Highlights

The bank reported steady profit growth during Q3FY26:

• Operating profit rose 13% YoY to ₹4,193 crore in Q3FY26
• Net profit increased 7% YoY to ₹2,705 crore
• Net Interest Income (NII) grew to ₹6,461 crore, up 6.4% YoY
• Non-interest income surged 30% YoY to ₹2,279 crore, supporting overall earnings

For the first nine months of FY26, net profit stood at ₹7,511 crore, up 14% YoY.

Margins and Returns

• Domestic NIM improved to 2.80% in Q3FY26
• Global NIM stood at 2.57%
• Return on Assets (ROA) improved to 0.96%
• Return on Equity (ROE) strengthened to 15.34%

Improved margins and better cost control helped enhance profitability ratios.

Asset Quality Improves Further

Asset quality showed sharp improvement:

• Gross NPA declined to 2.26%, improving 143 bps YoY
• Net NPA fell to 0.60%
• Provision Coverage Ratio (PCR) strengthened to 93.60%
• Slippage ratio remained low at 0.16% in Q3FY26
• Credit cost reduced to 0.34%, indicating better loan quality

Capital Adequacy Remains Comfortable

The bank’s capital position stayed strong:

• Capital Adequacy Ratio (CAR) stood at 17.09%
• CET-1 ratio was 13.76%
• Tier-1 ratio stood at 14.36%

This provides enough buffer to support future growth.

Growth in Digital and Alternative Channels

The bank continued to see strong digital adoption:

• Over 7 lakh new customers added in Q3FY26
• Total UPI customers crossed 24.2 crore
• Alternate channels accounted for ~96% of total transactions, showing a strong shift to digital banking

Also Read: Best Long-Term Stocks in Jan 2026 – 5yr CAGR Basis!

Bank of India Share Price Movement

Bank of India share price (NSE: BANKINDIA) traded strongly on January 22, rising 6.28% or ₹9.89 to ₹167.37 by 9:39 am IST on the NSE. The stock opened at ₹161 and moved between a low of ₹161 and a high of ₹167.50, which also marks its 52-week high. The bank’s market capitalisation stands at ₹76,200 crore, with a P/E ratio of 7.90. Bank of India offers a dividend yield of 2.42%, with a quarterly dividend amount of ₹1.01 per share. The stock’s 52-week low is ₹92.66, highlighting a strong recovery over the past year.

Conclusion

The bank delivered a stable Q3FY26 performance with healthy loan and deposit growth, improving asset quality, rising profitability and strong capital buffers. Continued focus on retail-led growth and digital channels positions the bank well for sustained performance ahead.

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