Bank of India Reports 36.23% YoY Growth in Net Profit for Q1 FY27
Strong business growth, improved asset quality, and robust digital adoption mark the quarter ended June 30, 2026
POSTED BY:- Poonam S. Juthani
DT:-31/07/2026
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Mumbai, July 24, 2026 — Bank of India today announced its financial results for the quarter ended June 30, 2026 (Q1 FY27), reporting a significant rise in profitability and strong growth across key business segments. The Bank’s net profit increased by 36.23% YoY to ₹3,068 crore, reflecting improved operational efficiency, healthy credit expansion, and sustained focus on asset quality.
Financial Performance
Bank of India delivered a strong quarter, with profitability metrics showing consistent improvement:
- Net Profit: ₹3,068 crore, up 36.23% YoY.
- Operating Profit: ₹5,051 crore, registering 25.99% growth.
- Return Ratios: Return on Assets improved to 1.01%, while Return on Equity rose to 16.12%.
This performance underscores the Bank’s ability to balance profitability with prudent risk management, while continuing to strengthen its position in India’s banking sector.
Business Growth
Bank of India’s Global Business Mix grew by 16.57% YoY, rising from ₹15,06,142 crore in June 2025 to ₹17,55,699 crore in June 2026.
- Global Deposits: ₹9,57,924 crore, up 14.90% YoY.
- Global Advances: ₹7,97,775 crore, up 18.64% YoY.
- Overseas Deposits: ₹1,32,961 crore, up 7.73% YoY.
- Overseas Advances: ₹1,23,942 crore, up 15.67% YoY.
On the domestic front:
- Domestic Deposits: ₹8,24,963 crore, up 16.15% YoY.
- Domestic CASA: ₹3,02,085 crore, with CASA ratio at 36.68%.
- Domestic Advances: ₹6,73,833 crore, up 19.20% YoY.
This growth reflects the Bank’s ability to expand across both domestic and international markets, while maintaining a healthy balance between deposits and advances.
Focus on RAM Segments
The Bank continued to strengthen its focus on Retail, Agriculture, and MSME (RAM) segments, which together constituted 58.30% of domestic gross advances in June 2026.
- RAM Advances: ₹3,92,833 crore, up 19.75% YoY.
- Retail Credit: ₹1,66,170 crore, up 20.60% YoY.
- MSME Advances: ₹1,10,881 crore, up 19.34% YoY.
- Agriculture Credit: ₹1,15,782 crore, up 18.92% YoY.
This growth highlights the Bank’s commitment to supporting inclusive economic development and empowering small businesses, farmers, and households.
Asset Quality Improvement
Bank of India reported significant improvement in asset quality:
- Gross NPA Ratio: Reduced by 111 bps YoY to 1.81%.
- Net NPA Ratio: Reduced by 24 bps YoY to 0.51%.
- Quarterly Slippage Ratio: Improved by 9 bps YoY to 0.24%.
- Credit Cost: Improved from 0.17 in Q1 FY26 to 0.15 in Q1 FY27.
These improvements highlight the Bank’s effective credit monitoring, recovery efforts, and disciplined lending practices.
Capital Adequacy
The Bank’s Capital Adequacy Ratio (CRAR) stood at 18.69% as of June 30, 2026, well above regulatory requirements. This strong capital position provides resilience and supports future growth.
Digital Transformation
Digital adoption continued to accelerate, with the Bank recording 2.08 billion digital transactions in Q1 FY27, a 22% YoY increase from 1.70 billion in June 2025.
This growth reflects the Bank’s ongoing investments in:
- Mobile and internet banking platforms for customer convenience.
- UPI and digital wallets for seamless everyday transactions.
- Secure transaction infrastructure to ensure customer trust.
The Bank’s digital push is aligned with India’s broader vision of a cashless economy, ensuring customers across urban and rural markets benefit from secure, fast, and reliable digital services.
Management Commentary
Commenting on the results, Bank of India’s leadership emphasized that the strong performance in Q1 FY27 reflects the institution’s focus on sustainable growth, customer-centric innovation, and prudent risk management.
The Bank reiterated its commitment to:
- Expanding its reach across domestic and international markets.
- Strengthening its digital ecosystem.
- Supporting India’s economic growth story through inclusive lending.
Conclusion
Bank of India’s Q1 FY27 results highlight a quarter of robust profitability, strong business expansion, improved asset quality, and accelerated digital adoption. With net profit rising 36.23% YoY, operating profit up nearly 26%, and significant growth in RAM advances, the Bank is well-positioned to continue delivering value to stakeholders.
As India’s financial sector evolves, Bank of India’s focus on inclusive growth, digital transformation, and disciplined risk management ensures that it remains a trusted partner for millions of customers across the country and overseas.
