Bank of India
Asset quality improves: The bank has continued to improve asset quality in Q2FY2026.
The fresh slippages of loans dipped to Rs 895 crore in Q2FY2026 compared with 2149 crore in previous quarter and Rs 2546 crore in the corresponding quarter last year. The recoveries of NPAs stood at Rs 1022 crore, upgradations at Rs 418 crore and the write-off of loans was at Rs 1081 crore in Q2FY2026. The standard restructured loan book of the bank declined to Rs 4099 crore end September 2025. Provision coverage ratio improved to 93.39% at end September 2025 compared to 92.94% a quarter ago and 92.22% a year ago. The capital adequacy ratio of the bank stood at 16.7% with Tier I ratio at 14.5% at end September 2025. The risk weighted assets of the bank has increased 10% YoY to Rs 476865 crore end September 2025,?
| Asset Quality Indicators: Bank of India | ||||||||
| ? | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Variation | ||
| QoQ | YTD | YoY | ||||||
| Gross NPA (Rs Crore) | 18014.27 | 19640.20 | 21748.89 | 24048.48 | 27455.33 | -8 | -17 | -34 |
| Net NPA (Rs Crore) | 4530.20 | 4949.89 | 5358.49 | 5410.05 | 5647.92 | -8 | -15 | -20 |
| % Gross NPA | 2.54 | 2.92 | 3.27 | 3.69 | 4.41 | -38 | -73 | -187 |
| % Net NPA | 0.65 | 0.75 | 0.82 | 0.85 | 0.94 | -10 | -17 | -29 |
| % PCR | 93.39 | 92.94 | 92.39 | 92.48 | 92.22 | 45 | 100 | 117 |
| % CRAR - Basel III | 16.69 | 17.39 | 17.77 | 16.00 | 16.63 | -70 | -108 | 6 |
| % CRAR - Tier I - Basel III | 14.49 | 15.14 | 15.47 | 13.60 | 14.18 | -65 | -98 | 31 |
| Variation in basis points for figures given in percentages and in % for figures in Rs crore | ||||||||
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Business Highlights:
Healthy business growth: The business of the bank has increased 12% YoY to Rs 1562446 crore end September 2025, driven by 14% surge in advances to Rs 709145 crore. Deposits rose 10% to Rs 853301 crore at end September 2025.
CASA deposits ratio ease: The CASA deposits of the bank increased 5% YoY at end September 2025. The CASA ratio declined to 39.4% at end September 2025 compared to 41.2% at end September 2024, while declined from 39.9% a quarter ago. Overseas deposits have increased 20% to Rs 123203 crore end September 2025.
Strong loan growth: Advances growth was driven by retail loans rising 20% YoY to Rs 145768 crore at end September 2025, while credit to agriculture increased 14% to Rs 104107 crore and MSME 16% to Rs 97834 crore at end September 2025. The corporate credit has also increased 12% to Rs 249641 crore end September 2025. The overseas credit has moved up 10% to Rs 111795 crore end September 2025.
Investment book of the bank declined 5% YoY to Rs 247976 crore at end September 2025. The SLR book fell 6% to Rs 201938 crore, while non SLR book rose 3% to Rs 46038 crore at end September 2025. The AFS book declined 2% to Rs 28400 crore, while HTM book rose 4% to Rs 189435 crore at end September 2025. The duration of the AFS investment portfolio stood at 2.40 years end September 2025 compared with 2.01 years at end September 2024.
Margins decline: The bank has shown 10 bps YoY decline in cost of deposits to 4.85%, while yield on advances dipped 62 bps YoY to 7.81% in Q2FY2026. Thus, the NIM has declined 40 bps YoY, while fell 14 bps qoq to 2.41% in Q2FY2026.
Branch expansion: The bank has added 71 branches and reduced 290 ATMs in Q2FY2026, taking overall tally to 5375 branches and 7696 ATM`s end September 2025.
Book value of the bank stood at Rs 161.6 per share at end September 2025, while the adjusted book value (net of NNPA and 25% of restructured advances) was Rs 149.4 per share at end September 2025.
Quarterly Performance
NII declines as NIM dips: Bank has recorded 6% increase in the interest earned at Rs 18406.09 crore, while interest expenses increased 10% to Rs 12492.32 crore in Q2FY2026. NII declined 1% to Rs 5913.77 crore in the quarter ended September 2025.
Healthy growth in the core fee income: Bank has posted strong 12% growth in core fee income to Rs 588 crore, while the forex income jumped 122% to Rs 160 crore. However, the treasury income declined 57% to Rs 314 crore and recoveries and other income plunged 51% to Rs 337 crore, leading to 12% dip in the overall non-interest income to Rs 2219.83 crore in the quarter ended September 2025.
Expenses ratio rises: The operating expenses of the bank declined 1% to Rs 4312.75 crore, as employee expenses dipped 7% to Rs 2452.32 crore in Q2FY2026. Other expenses moved up 8% to Rs 1860.43 crore. Cost to income ratio increased to 53.0% in Q2FY2026 compared with 51.2% in Q2FY2025, causing the Operating Profit to declined 8% to Rs 3820.85 crore.
Provisions and contingencies decline: The bank has shown 58% decline in provisions to Rs 441.24 crore. The loan loss provisions declined 67% to Rs 472 crore, while the bank has written back standard asset provisions of Rs 31 crore.
Effective tax rate rose to 24.4% in Q2FY2026 from 23.5% in Q2FY2025. Net Profit increased by 8% YoY to Rs 2554.57 crore during quarter ended September 2025.
Financial Performance H1FY2026:
Bank has posted 18% increase in net profit to Rs 4806.69 crore in the half year ended September 2025 (H1FY2026). The net interest income declined 2% to Rs 11981.88 crore, while non-interest income moved up 15% to Rs 4385.93 crore, pushing up net total income by 2% to Rs 16367.81 crore in H1FY2026. The operating expenses increased 3% to Rs 8537.58 crore, while provision and contingencies dipped 34% to Rs 1537.32 crore, allowing profit before tax to increase 15% to Rs 6292.91 crore in H1FY2026. The cost-to-income ratio rose to 52.2% in H1FY2026 compared to 51.3% in H1FY2025. An effective tax rate declined to 23.6% in H1FY2026 compared to 25.7% in H1FY2025. The net profit has increased 18% to Rs 4806.69 crore in H1FY2026.| Bank of India: Results | |||||||||
| Particulars | 2509 (3) | 2409 (3) | Var % | 2509 (6) | 2409 (6) | Var % | 2503 (12) | 2403 (12) | Var % |
| Interest Earned | 18406.09 | 17354.55 | 6 | 36758.28 | 34292.57 | 7 | 70826.30 | 60709.49 | 17 |
| Interest Expended | 12492.32 | 11369.44 | 10 | 24776.40 | 22031.66 | 12 | 46432.35 | 37656.57 | 23 |
| Net Interest Income | 5913.77 | 5985.11 | -1 | 11981.88 | 12260.91 | -2 | 24393.95 | 23052.92 | 6 |
| Other Income | 2219.83 | 2517.65 | -12 | 4385.93 | 3819.65 | 15 | 8993.62 | 6094.85 | 48 |
| Net Total Income | 8133.60 | 8502.76 | -4 | 16367.81 | 16080.56 | 2 | 33387.57 | 29147.77 | 15 |
| Operating Expenses | 4312.75 | 4355.36 | -1 | 8537.58 | 8255.85 | 3 | 16975.46 | 15079.16 | 13 |
| Operating Profits | 3820.85 | 4147.40 | -8 | 7830.23 | 7824.71 | 0 | 16412.11 | 14068.61 | 17 |
| Provisions & Contingencies | 441.24 | 1043.04 | -58 | 1537.32 | 2336.31 | -34 | 3977.67 | 3969.54 | 0 |
| Profit Before Tax | 3379.61 | 3104.36 | 9 | 6292.91 | 5488.40 | 15 | 12434.44 | 10099.07 | 23 |
| Provision for tax | 825.04 | 730.67 | 13 | 1486.22 | 1411.98 | 5 | 3215.42 | 3781.15 | -15 |
| PAT | 2554.57 | 2373.69 | 8 | 4806.69 | 4076.42 | 18 | 9219.02 | 6317.92 | 46 |
| EPS*(Rs) | 22.4 | 20.9 | ? | 21.1 | 17.9 | ? | 20.2 | 13.9 | ? |
| Equity | 4552.7 | 4552.7 | ? | 4552.7 | 4552.7 | ? | 4552.7 | 4552.7 | ? |
| Adj BV (Rs) | 149.4 | 127.2 | ? | 149.4 | 127.2 | ? | 139.9 | 117.3 | ? |
| * EPS and Adj BV are calculated on diluted equity as given for each year. Face Value: Rs 10, Figures in Rs crore | |||||||||
| Source: Capitaline Corporate Database | |||||||||
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