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Bank of India
SectorFinancial Services
Bank of India is a state-owned commercial bank headquartered in Mumbai, providing a wide range of banking products and financial services. It operates in three business segments: Treasury Operations, Wholesale Banking Operations, and Retail Banking Operations. The bank has a network of 5155 domestic branches and 22 overseas branches across 5 continents. Bank of India offers services including foreign exchange, NRI banking, merchant banking, asset recovery, agricultural finance, and small-scale industry support. It provides products such as mutual funds, venture capital, depository services, bullion trading, and credit cards. The bank has subsidiaries, joint ventures, and associate companies, and operates Regional Rural Banks. Recently, Bank of India has raised capital through various means including Tier-II bonds and Qualified Institutional Placement.
In the news
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The Quarter story
The two most recent quarterly results, compared side-by-side.
Bank of India strengthens asset quality and profitability, while managing rising funding costs and early retail credit signals.
Gross NPA ratio drops from 2.92% in Q1 FY26 to 1.81% in Q1 FY27 — sustained asset quality gains
CASA ratio declines from 39.88% in Q1 FY26 to 36.68% in Q1 FY27 — rising funding costs
Profit before tax grows from ₹2,913 Cr in Q1 FY26 to ₹4,088 Cr in Q1 FY27 — consistent earnings expansion
Retail fresh slippages surge from ₹84 Cr in Q4 FY26 to ₹320 Cr in Q1 FY27 — renewed consumer credit risk
Cost-to-income ratio improves from 51.31% in Q1 FY26 to 46.33% in Q1 FY27 — better operational efficiency
Yield on advances falls from 8.01% in Q1 FY26 to 7.46% in Q1 FY27 — competitive pricing pressure
Retail advances expand from ₹1,37,782 Cr in Q1 FY26 to ₹1,66,170 Cr in Q1 FY27 — strong consumer lending demand
Agriculture fresh slippages rebound from ₹367 Cr in Q3 FY26 to ₹891 Cr in Q1 FY27 — volatile farm loan recovery
Capital adequacy ratio rises from 17.39% in Q1 FY26 to 18.69% in Q1 FY27 — robust regulatory buffers
Retail SMA-1 accounts rise from ₹46 Cr in Q4 FY26 to ₹80 Cr in Q1 FY27 — renewed short-term delinquency
Company insights, generated from the most recent coverage.
Q2 FY27 business update (Oct 3) shows global business +21.07% YoY, deposits +21.60% and gross advances +20.43% — a clear acceleration from Q1's 16.57% and well ahead of management's 15-16% advance guidance.
Setting up a USD 1 billion EMTN programme (Sep 28) gives BOI a standing offshore funding channel — rare for a PSU bank of this size and a marker of international market access.
A 4%+ single-day gain while the Sensex logged an eighth straight weekly decline shows selective institutional buying rotating into cheap PSU banks with visible earnings momentum.