Bank of India has reported strong financial performance in the third quarter of FY 2025-26. The bank’s operating profit increased by 13% year-on-year to ₹4,193 crore, while in the 9 months it increased by 4% to reach ₹12,023 crore. The bank’s net profit increased by 7% to ₹2,705 crore in the quarter, while during the 9 months the net profit increased by 14% to ₹7,511 crore. The bank’s return on assets increased by 0.96% and return on equity increased by 15.34% in the quarter.
The bank also maintained stability on the net interest margin front. Global NIM for the quarter and nine months stood at 2.51% and 2.76%, respectively.
The Bank’s advances witnessed strong growth. Domestic advances increased by 15.16% and global advances by 13.63%. The Bank’s global business crossed the historic level of ₹16 lakh crore. Retail advances grew by 20.64%, agriculture by 16.69%, MSME by 15.77% and corporate advances by 11.32%. The share of the RAM segment increased to 58.54%. Deposits also increased by 11.64%, while domestic deposits grew by 12.80%. CASA deposits increased by 4.48% to reach 37.97%.
Asset quality improved significantly. Gross NPAs declined to 2.26% and net NPAs to 0.60%. The provision coverage ratio increased to 93.60%. Credit costs also declined. On the digital banking front, over 700,000 new customers were added during the quarter, taking the total UPI customer base to over 24.2 million. The share of transactions through alternative channels also increased. Overall, Bank of India continued its steady and positive growth in the quarter with strong profits, improved asset quality, and digital expansion.
