Bank of India Reports FY26 Net Profit of ₹10,527 Crore, Up 14.19% YoY

POSTED BY:- Poonam S. Juthani
DT:-10/05/2026
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Mumbai, May 8, 2026 — Bank of India today announced its financial results for FY26, reporting a net profit of ₹10,527 crore, a growth of 14.19% year‑on‑year (YoY). For the fourth quarter (Q4FY26), net profit rose by 14.85% YoY to ₹3,016 crore, reflecting the bank’s sustained momentum in profitability and operational efficiency.

Profitability and Returns

The bank’s Operating Profit for FY26 grew to ₹17,049 crore, while Q4FY26 Operating Profit improved to ₹5,026 crore. Key profitability ratios also strengthened, with Return on Assets (ROA) at 1.01% and Return on Equity (ROE) at 16.36% for Q4FY26, underscoring improved shareholder value creation.

Business Growth

Bank of India’s Global Business Mix registered a growth of 14.57% YoY, crossing ₹16.98 lakh crore.

• Global Deposits increased by 13.56% YoY, crossing ₹9.27 lakh crore.
• Global Advances grew by 15.82% YoY, crossing ₹7.71 lakh crore.
• Overseas Advances rose by 14.25% YoY to ₹1.17 lakh crore.
• Retail Advances surged by 21.19% YoY, followed by MSME Advances at 17.68% YoY, Agriculture Advances at 17.60% YoY, and Corporate Advances at 12.08% YoY.

The share of RAM (Retail, Agriculture, MSME) Advances increased to 58.74%, reflecting the bank’s focus on diversified and inclusive lending.

Asset Quality and Capital Adequacy

The bank reported a Gross NPA ratio of 1.98%, up by 129 basis points YoY, while the Net NPA ratio stood at 0.56%, up by 26 basis points YoY. Credit cost for FY26 increased by 28 basis points to 0.48%.

Despite these increases, the bank maintained a strong capital position, with the Capital Adequacy Ratio (CRAR) at 18.01% as of March 31, 2026, well above regulatory requirements.

Digital and Alternate Channels

On the digital front, Bank of India added over 51 lakh customers during FY26, taking total UPI customers to 271 lakh+. Transactions through Alternate Delivery Channels (ADCs) grew by 22% YoY, reaching 7.6 billion. This reflects the bank’s continued emphasis on digital adoption and customer convenience.

Management Commentary

The results highlight Bank of India’s ability to balance profitability, growth, and digital transformation. The strong performance across retail, MSME, and agriculture lending demonstrates the bank’s commitment to supporting India’s economic growth while expanding its customer base.

The bank’s leadership reiterated its focus on strengthening digital capabilities, enhancing customer experience, and maintaining robust risk management frameworks to ensure sustainable growth in the coming years.

Conclusion

Bank of India’s FY26 performance underscores its resilience and adaptability in a dynamic financial environment. With strong growth in net profit, operating profit, advances, and digital adoption, the bank continues to reinforce its position as a leading public sector bank.

As it moves forward, Bank of India remains committed to delivering value to stakeholders, supporting inclusive growth, and leveraging technology to drive efficiency and customer satisfaction.