Bank of India (BoI) has reported a robust 32.2% year-on-year (YoY) increase in standalone net profit for the quarter ended June 2025 (Q1FY26), reaching ₹2,252 crore, up from ₹1,703 crore in the same quarter last year. The surge in profitability was driven by a significant rise in other income, lower loan loss provisions, and consistent credit growth across retail, MSME, and overseas segments.
While the bank’s Net Interest Income (NII)—the difference between interest earned and expended—declined by 3% YoY to ₹6,068 crore (from ₹6,275 crore), its other income made a striking contribution, rising by 66% YoY to ₹2,166 crore. This included a major boost in treasury gains, which soared to ₹820 crore (from ₹166 crore), and an uptick in commission, exchange, and brokerage income, which rose 22% to ₹406 crore.
Bank of India’s provisioning for non-performing assets (NPAs) reduced by 9% to ₹1,104 crore from ₹1,216 crore in the same period last year. The improved asset quality was evident in the bank’s gross NPA ratio, which declined to 2.92%, an improvement of 170 basis points YoY, and the net NPA ratio, which stood at 0.75%. Provision Coverage Ratio (PCR) also strengthened to 92.94%, while the credit cost improved to 0.68%.
Despite pressure on margins, with global net interest margin (NIM) narrowing to 2.55% from 3.07% in the year-ago quarter (and 2.82% on a domestic basis), the bank demonstrated steady business momentum. Global advances rose by 12.02% YoY, with domestic loans up 11.24%, overseas loans expanding 16.34%, and retail and MSME loans growing by 20% and 17% respectively. Agriculture credit also witnessed healthy growth of 12%.
On the liabilities side, total deposits increased by 9.07% YoY, with domestic deposits growing by 9.62%. CASA (Current Account Savings Account) deposits rose by 2.5%, taking the CASA ratio to 39.88% as of June 30, 2025.
The bank also reported an operating profit of ₹4,009 crore for Q1FY26, up 9% YoY. Key return metrics remained healthy, with Return on Assets (ROA) at 0.82% and Return on Equity (ROE) at 13.51%. The Capital Adequacy Ratio (CRAR) stood strong at 17.39%, indicating a well-capitalized balance sheet.
Continuing its digital transformation journey, Bank of India has crossed over 1 crore customer onboardings via its BOI Mobile Omni Neo Bank app, with digital transactions comprising more than 95.4% of total transactions in Q1FY26, up from 94.2% in Q1FY25.
Addressing the media, MD & CEO Shri Rajneesh Karnatak, along with Executive Directors Shri P R Rajagopal, Shri Subrat Kumar, and Shri Rajiv Mishra, expressed confidence in the bank’s strategy to balance growth with asset quality, driven by digital innovation and a diversified credit portfolio.
With a sharp rise in non-interest income, steady loan growth, and continued asset quality improvements, Bank of India has delivered a well-rounded performance in Q1FY26. As the bank leans further into digital banking and operational efficiency, it is poised to maintain growth momentum in the evolving financial landscape.
