Bank of India
NII growth improves as NIM declines: Interest income increased 6% to Rs 19475.86 crore, while interest expenses moved up 4% to Rs 12745.67 crore in Q4FY2026. NII improved 11% to Rs 6730.19 crore in Q4FY2026.
Margins steady: The bank has shown 25 bps YoY decline in cost of deposits to 4.73%, while yield on advances declined 68 bps YoY to 7.59% in Q4FY2026. NIM has eased marginally by 3 bps YoY to 2.58%, while rose 1 bps qoq to 2.58% in Q4FY2026.
Healthy growth in the core fee income: The non-interest income of the bank declined 6% to Rs 3209.52 crore in Q4FY2026. Bank has posted strong 13% growth in core fee income to Rs 632 crore, while the treasury income dipped 91% to Rs 67 crore and forex income fell 22% to Rs 186 crore. The recoveries income improved 41% to Rs 1606 crore and other income eased 7% to Rs 719 crore.
Expense ratio rises: The operating expenses of the bank increased 7% to Rs 4914.00 crore, as other expenses moved up 22% to Rs 2102.57 crore, while employee expenses fell 2% to Rs 2811.43 crore in Q4FY2026. Cost to income ratio deteriorated to 49.4% in Q4FY2026 compared with 48.5% in Q4FY2025. Operating Profit moved up 3% to Rs 5025.71 crore.
Provisions and contingencies decline: The bank has shown 26% decline in provisions to Rs 990 crore. The loan loss provisions fell 10% to Rs 1211 crore, while the bank has written back investment provisions of Rs 221 crore in Q4FY2026.
PBT increased 14% to Rs 4035.95 crore in Q4FY2026. Effective tax rate declined to 25.3% in Q4FY2026 from 26.0% in Q4FY2025. Net Profit increased 15% YoY to Rs 3015.79 crore in Q4FY2026.
Asset quality improves: The bank has improved asset quality in Q4FY2026.
The fresh slippages of loans stood at Rs 1367 crore in Q4FY2026 compared with Rs 1140 crore in previous quarter and Rs 2008 crore in the corresponding quarter last year. The recoveries of NPAs stood at Rs 1773 crore and upgrades were at Rs 88 crore, while the write-off of loans was at Rs 914 crore in Q4FY2026. The standard restructured loan book of the bank declined to Rs 3736 crore end March 2026 compared to Rs 3912 crore a quarter ago. Provision coverage ratio was steady at 93.57% at end March 2026 compared to 93.60% a quarter ago and 92.39% a year ago. The capital adequacy ratio of the bank stood at 18.0% with Tier I ratio at 15.4% at end March 2026. The risk weighted assets of the bank has increased 11% YoY to Rs 496849 crore end March 2026.| Asset Quality Indicators: Bank of India | |||||||
| ? | Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Variation | |
| QoQ | YoY | ||||||
| Gross NPA (Rs Crore) | 15306.01 | 16714.40 | 18014.27 | 19640.20 | 21748.89 | -8 | -30 |
| Net NPA (Rs Crore) | 4249.97 | 4359.25 | 4530.20 | 4949.89 | 5358.49 | -3 | -21 |
| % Gross NPA | 1.98 | 2.26 | 2.54 | 2.92 | 3.27 | -28 | -129 |
| % Net NPA | 0.56 | 0.60 | 0.65 | 0.75 | 0.82 | -4 | -26 |
| % PCR | 93.57 | 93.60 | 93.39 | 92.94 | 92.39 | -3 | 118 |
| % CRAR - Basel III | 18.01 | 17.09 | 16.69 | 17.39 | 17.77 | 92 | 24 |
| % CRAR - Tier I - Basel III | 15.35 | 14.36 | 14.49 | 15.14 | 15.47 | 99 | -12 |
| Variation in basis points for figures given in percentages and in % for figures in Rs crore | |||||||
Business Highlights:
Business growth improves: The business of the bank has increased at an accelerated pace of 15% YoY to Rs 1698662 crore end March 2026, as advances growth improved to 16% to Rs 771391 crore and deposits growth gained to 14% to Rs 927271 crore at end March 2026. With the faster growth in advances, the credit to deposit ratio rose to 83.2% at end March 2026 from 81.6% at end March 2025.
CASA deposits ratio declines: The CASA deposits of the bank increased 6% YoY at end March 2026. The CASA ratio eased to 37.6% at end March 2026 compared to 40.3% at end March 2025, while declined from 38.0% at end December 2025.
Strong loan growth: Within the loan book, the retail loans increased 21% YoY to Rs 162025 crore at end March 2026, while credit to agriculture increased 18% to Rs 115642 crore and MSME credit increased 18% to Rs 106660 crore. The corporate credit has also increased 12% to Rs 269965 crore end March 2026. The overseas credit has increased 14% to Rs 117099 crore end March 2026. The share of retail, agriculture and MSME (RAM) improved to 58.7% at end March 2026 compared to 57.3% at end March 2025.
Investment book of the bank increased 3% YoY to Rs 254703 crore at end March 2026. The SLR book moved up 5% to Rs 208663 crore, while non SLR book slipped 4% to Rs 46040 crore at end March 2026. The AFS book dipped 20% to Rs 29579 crore, while HTM book rose increased 7% to Rs 201285 crore at end March 2026. The duration of the AFS investment portfolio stood at 2.45 years end March 2026 compared with 3.09 years at end March 2025.
Branch expansion: The bank has added 40 branches and reduced 10 ATMs in Q4FY2026, taking overall tally to 5511 branches and 7685 ATM`s end March 2026.
Book value of the bank stood at Rs 175.8 per share at end March 2026, while the adjusted book value (net of NNPA and 10% of restructured advances) was Rs 164.4 per share at end March 2026.
Financial Performance FY2026:
Bank has posted 14% increase in net profit to Rs 10527.15 crore in the year ended March 2026 (FY2026). The net interest income increased 3% to Rs 25172.76 crore, while non-interest income moved up 10% to Rs 9874.27 crore, leading net total income to increase 5% to Rs 35047.03 crore in FY2026. The operating expenses increased 6% to Rs 17998.30 crore, while provision and contingencies dipped 22% to Rs 3103.07 crore. PBT increased 12% to Rs 13945.66 crore in FY2026. The cost-to-income ratio rose to 51.4% in FY2026 compared to 50.8% in FY2025. An effective tax rate eased to 24.5% in FY2026 compared to 25.9% in FY2025. The net profit has increased 14% to Rs 10527.15 crore in FY2026.| Bank of India: Results | ||||||
| Particulars | 2603 (3) | 2503 (3) | Var % | 2603 (12) | 2503 (12) | Var % |
| Interest Earned | 19475.86 | 18323.21 | 6 | 75161.27 | 70826.30 | 6 |
| Interest Expended | 12745.67 | 12260.49 | 4 | 49988.51 | 46432.35 | 8 |
| Net Interest Income | 6730.19 | 6062.72 | 11 | 25172.76 | 24393.95 | 3 |
| Other Income | 3209.52 | 3427.59 | -6 | 9874.27 | 8993.62 | 10 |
| Net Total Income | 9939.71 | 9490.31 | 5 | 35047.03 | 33387.57 | 5 |
| Operating Expenses | 4914.00 | 4605.48 | 7 | 17998.30 | 16975.46 | 6 |
| Operating Profits | 5025.71 | 4884.83 | 3 | 17048.73 | 16412.11 | 4 |
| Provisions & Contingencies | 989.76 | 1337.66 | -26 | 3103.07 | 3977.67 | -22 |
| Profit Before Tax | 4035.95 | 3547.17 | 14 | 13945.66 | 12434.44 | 12 |
| EO | 0.00 | 0.00 | - | 0.00 | 0.00 | - |
| PBT after EO | 4035.95 | 3547.17 | 14 | 13945.66 | 12434.44 | 12 |
| Provision for tax | 1020.16 | 921.26 | 11 | 3418.51 | 3215.42 | 6 |
| PAT | 3015.79 | 2625.91 | 15 | 10527.15 | 9219.02 | 14 |
| EPS*(Rs) | 26.5 | 23.1 | ? | 23.1 | 20.2 | ? |
| Equity | 4552.7 | 4552.7 | ? | 4552.7 | 4552.7 | ? |
| Adj BV (Rs) | 164.4 | 139.9 | ? | 164.4 | 139.9 | ? |
| * 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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