Bank of India announced its financial results for the quarter and half year ended September 30, 2026. The bank’s net profit increased 25.34% year-on-year to ₹3,202 crore in the second quarter of FY 2026-27. Net profit increased 30% year-on-year to ₹6,270 crore in the first half of the fiscal year. The bank’s return on assets (ROA) was 1.01% and return on equity (ROE) was 16.36% in the second quarter.
The Bank’s operating profit increased by 33.19% year-on-year to ₹5,089 crore in the second quarter. Operating profit increased by 30% to ₹10,140 crore in the first half. Net interest income (NII) increased by 18.52% to ₹7,007 crore during the quarter, while non-interest income increased by 24.78% to ₹2,770 crore. Global net interest margin (NIM) improved by 6 basis points year-on-year to 2.47%. The cost-to-income ratio improved by 507 basis points to 47.95%.
Global turnover crosses ₹18.92 lakh crore
The bank’s global business grew 21.13% year-on-year to reach ₹18.92 lakh crore. Global deposits increased 21.59% to over ₹10.37 lakh crore. Global advances increased 20.58% to over ₹8.55 lakh crore.
Foreign trade advances recorded a robust growth of 35.21% to ₹1.51 lakh crore. Retail advances grew by 19.27%, MSME advances by 20.27% and agriculture advances by 16.34% year-on-year. Retail, agriculture and MSME (RAM) advances accounted for 58.63% of gross domestic advances. Domestic current account and savings account (CASA) deposits grew by 7.17% to ₹3.07 lakh crore in September 2026.
The bank’s asset quality also improved. The gross non-performing asset (GNPA) ratio improved by 94 basis points year-on-year to 1.60%. The net NPA ratio improved by 23 basis points to 0.42%. The bank’s provision coverage ratio (PCR) stood at 94.45%. The slippage ratio was 0.15% and credit cost was 0.12% in the second quarter of FY 2026-27. The bank’s capital adequacy ratio (CRAR) increased by 109 basis points year-on-year to 17.78% as of September 30, 2026. The common equity tier-1 (CET-1) ratio stood at 15.49%.
