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Informist, Friday, May 8, 2026

 

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--Bank of India Jan-Mar net profit INR 30.16 bln 
--Bank of India Jan-Mar net profit INR 30.16 bln vs INR 26.26 bln year ago 
--Bank of India Jan-Mar total income INR 226.85 bln vs INR 217.51 bln year ago 
--Bank of India Jan-Mar provisions INR 9.90 bln vs INR 13.38 bln year ago 
--Bank of India Jan-Mar NPA provisions INR 12.11 bln vs INR 13.47 bln yr ago 
--Bank of India to pay INR 4.65 per share dividend 
--Bank of India dividend record date is May 29 
--Bank of India gross NPA ratio 1.98% on Mar 31 vs 2.26% qtr ago 
--Bank of India net NPA ratio 0.56% on Mar 31 vs 0.60% qtr ago 
--Bank of India Basel-III capital adequacy ratio 18.01% on Mar 31 
--Bank of India FY26 net profit INR 105.27 bln vs INR 92.19 bln year ago 
--Bank of India FY26 total income INR 850.36 bln vs INR 798.20 bln year ago 
--Bank of India Jan-Mar global NIM 2.58% vs 2.61% year ago 
--Bank of India Q4 net interest income INR 67.30 bln vs INR 60.63 bln yr ago 
--Bank of India global deposits INR 9.27 tln on Mar 31, up 13.6% on year 
--Bank of India global advances INR 7.71 tln on Mar 31, up 15.8% on year 
--Bank of India: Domestic CASA ratio 37.64% on Mar 31 vs 37.97% qtr ago 
-- Bank of India Jan-Mar global cost of deposit 4.73% vs 4.77% qtr ago 
--Bank of India Jan-Mar global cost of funds 4.49% vs 4.57% qtr ago 
--Bank of India Jan-Mar fresh slippages INR 12.69 bln vs INR 19.13 bln yr ago 
--Bank of India Jan-Mar upgrades INR 880 mln vs INR 650 mln year ago 

 

By Vaishali Tyagi

 

NEW DELHI – Bank of India's net profit for the March quarter grew in double digits after two straight quarters of single-digit growth, mainly due to lower provisions. A modest rise in total income also supported the rise in the bottom line of the bank. 

 

The lender's net profit was at INR 30.16 billion for Jan-Mar, up nearly 15% on year. Sequentially, it grew nearly 12%. In Jan-Mar, the lender's provisions slumped a whopping over 26% on year to INR 9.90 billion from 13.38 billion in the corresponding quarter a year ago. However, on a sequential basis, the provisions rose significantly by nearly 72%.                         

 

The lender's total income rose to INR 226.85 billion in the March quarter from INR 217.51 billion a year ago. On a quarter-on-quarter basis, it rose nearly 7%. Of the total income, interest income rose to INR 194.76 billion, up over 6% year-on-year. However, other income of the bank fell over 6% on year to INR 32.10 billion in the March quarter. 

 

The bank announced a final dividend of INR 4.65 per share and set May 29 as the record date. On Friday, its shares ended over 0.4% lower at INR 139.77 on the National Stock Exchange. The company announced its earnings after market hours. 

 

A marginal rise in total expenditure, excluding provisions and contingencies, weighed on the company's net profit. It rose nearly 5% on year and almost 4% on quarter to INR 176.60 billion in the March quarter. Of these, interest expenses grew about 4% on year to INR 127.46 billion. The bank's operating expenses were INR 49.14 billion, up about 7% on year and over 8% on quarter. 

 

The bank's net non-performing assets ratio fell to 0.56% as of Mar. 31 from 0.60% as of Dec. 31 and 0.82% a year ago. The gross non-performing assets ratio of the bank also improved to 1.98% from 2.26% at the end of December. The gross non-performing assets ratio was 3.27% as of Dec. 31, 2025. The lender registered INR 880 million non-performing assets upgrades and INR 17.73 billion cash recoveries.

 

The public-sector bank's fresh slippages fell to INR 12.69 billion in the reporting quarter from INR 10.90 billion a quarter ago, taking the slippage ratio to 0.83% from 1.36% reported a year ago. The bank's provision coverage ratio was 93.57% as of Mar. 31, higher than 92.39% from a year ago period. 

 

The bank's Basel-III capital adequacy ratio was 18.01% as on Mar. 31 higher from 17.77 reported a year ago. For 2025-26 (Apr-Mar), Bank of India reported a net profit of INR 105.27 billion, up INR 92.19 reported a year ago. Total income for FY26 grew nearly 7% on year to INR 850.36 billion. 

 

Bank of India's net interest income for the quarter was INR 67.30 billion, up 11% on year. The lender's net interest margin fell to 2.58% in the March quarter from 2.57% in the trailing quarter. In Jan-Mar 2025, the bank's margin was 2.61%.

 

The bank's business performance was steady with its global advances and global deposits rising almost 16% on year and about 14% sequentially to INR 7.71 trillion and INR 9.27 trillion, respectively, as of Mar. 31. The domestic current account savings account ratio was 37.64% at the end of March, down from 37.97% at the end of December and 40.29% a year ago. In Jan-Mar, the global cost of deposits for the bank fell to 4.73% from 4.77% in the trailing quarter. Its cost of funds also declined to 4.49% from 4.57% in Oct-Dec and 4.73% a year ago.  End

 

Edited by Deepshikha Bhardwaj

 

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