Shares of Bank of India surged 3% on Thursday, July 2, following the release of its provisional business update for the June quarter. According to reports from CNBC TV18, all key metrics showed robust growth between 10% to 20% on a year-on-year basis. The stock was trading at ₹143.96 at around 2:22 PM, though it remains 1.64% higher for the day and needs to cross levels of ₹147 to turn positive on a year-to-date basis. The scrip has gained 5% over the month but lost 2% on a year-to-date basis, with a ₹65,576.63 crore total market capitalisation as of July 2, 2026.
The Retail, Agri and MSME (RAM) segment emerged as the primary growth driver, with domestic gross advances growing 19.69% year-on-year to ₹3.93 lakh crore at the end of the June quarter. As reported by Business Standard, global advances increased to ₹7.98 lakh crore, representing an 18.64% growth from the year-ago quarter. Most of the loan growth came from domestic business, where gross advances grew 19.12% year-on-year to ₹6.73 lakh crore. Total business globally increased to ₹17.55 lakh crore, marking a 16.58% year-on-year growth. The bank's domestic gross Retail, Agriculture, and MSME advances stood at ₹3.93 lakh crore in the June quarter of the current fiscal year, reflecting a significant increase from ₹3.28 lakh crore in Q1 of FY26.
Global deposits demonstrated strong momentum, growing 14.92% from the same quarter last year to ₹9.58 lakh crore, compared to ₹8.34 lakh crore in the June quarter of FY26. According to Business Standard, domestic deposits also saw growth of 16.17% year-on-year to ₹8.25 lakh crore, marking a significant increase from ₹7.10 lakh crore in the year-ago period. The advances and deposit growth figures exceeded the management's guidance for the full financial year, with the bank having guided for global advances to grow between 15% and 16% and global deposits to grow between 13% to 14% for financial year 2027. In the corresponding period of the previous fiscal year, the bank had logged a global business of ₹15.06 lakh crore.
The bank reported robust financial results for Q4 FY26, with standalone net profit increasing 14.85% to ₹3,015.79 crore on a 4.3% increase in total income to ₹22,685.38 crore compared to Q4 FY25. As reported by Business Standard, the Government of India continues to hold a 73.38% stake in the bank as of March 31, 2026, maintaining its position as a public sector bank. The strong Q1 performance across all key metrics positions the state-run lender well for achieving its annual guidance, with the management's strategic focus on retail and MSME segments expected to continue driving growth momentum.
