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Informist, Wednesday, Jan. 21, 2026

 

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--Bank of India Oct-Dec net profit INR 27.05 bln vs INR 25.17 bln year ago
--Bank of India Oct-Dec total income INR 212.06 bln vs INR 199.57 bln yr ago 
--Bank of India Apr-Dec total income INR 623.50 bln vs INR 580.69 bln yr ago 
--Bank of India Oct-Dec net interest income INR 64.61 bln vs INR 60.70 bln year ago 
--Bank of India Apr-Dec net profit INR 75.11 bln vs INR 65.93 bln year ago 
--Bank of India provision coverage ratio 93.60% as on Dec 31 
--Bank of India Basel-III capital adequacy ratio 17.09% as on Dec 31 
--Bank of India net NPA ratio 0.60% as on Dec 31 vs 0.65% qtr ago 
--Bank of India gross NPA ratio 2.26% as on Dec 31 vs 2.54% qtr ago 
--Bank of India Oct-Dec NPA provisions INR 6.05 bln vs INR 6.03 bln 
--Bank of India Oct-Dec provisions INR 5.76 bln vs INR 3.04 bln year ago 
--Bank of India Oct-Dec cash recoveries INR 10.46 bln vs INR 10.22 bln qtr ago 
--Bank of India Oct-Dec upgrades INR 1.13 bln vs INR 4.18 bln qtr ago 
--Bank of India Q3 global fresh slippages INR 10.9 bln vs INR 8.9 bln qtr ago 
--Bank of India Oct-Dec glbal cost of funds 4.57% vs 4.66% qtr ago, 4.81% year ago 
--Bank of India Oct-Dec global cost of deposit 4.77% vs 4.85% qtr ago, 4.96% yr ago 
--Bank of India slippage ratio at 0.16% as on Dec 31 vs 0.14% qtr ago 
--Bank of India Oct-Dec credit cost 0.34% vs 0.28% qtr ago, 0.39% year ago 
--Bank of India: CASA ratio 37.97% as on Dec 31 vs 39.39% qtr ago 
--Bank of India domestic advances INR 6.29 tln as on Dec 31, up 15.2% on year 
--Bank of India global advances INR 7.40 tln as on Dec 31, up 13.6% on year 
--Bank of India domestic deposits INR 7.65 tln as on Dec 31, up 12.8% on year 
--Bank of India global deposits INR 8.87 tln as on Dec 31, up 11.6% on year 
--Bank of India Oct-Dec domestic NIM 2.80% vs 2.66% qtr ago, 2.98% a year ago

 

By Krity Ambey

 

NEW DELHI – Modest growth in income and a near-doubling of provisions kept the rate of growth in Bank of India's net profit for the December quarter in a single digit for the second successive quarter. The lender's bottom line, at INR 27.05 billion, rose nearly 8% on year and 6% on quarter. But even with the single-digit rise, the bank's net profit beat the estimates of analysts which ranged between INR 21.67 billion and INR 23.46 billion.

 

The bank's interest income for the December quarter rose 4% on year to INR 189.27 billion. This took its total income for the reporting quarter to INR 212.06 billion, up 6% on year.

 

Bank of India's net interest income for the quarter was INR 64.61 billion, up 6% on year. The lender's net interest margin improved to 2.57% in the December quarter from 2.41% in the trailing quarter. In Oct-Dec 2024, the bank's margin was 2.80%.

 

The public-sector bank's provisions jumped nearly 90% to INR 5.76 billion in the December quarter. Its slippages rose to INR 10.90 billion in the reporting quarter from INR 8.90 billion a quarter ago, taking the slippage ratio to 0.16% from 0.14% in Jul-Sept. The bank's provision coverage ratio was 93.60% as of Dec. 31, higher than 93.39% as of Sept. 30 and 92.48% as of Dec. 31, 2024.

 

The bank's net non-performing assets ratio fell to 0.60% as of Dec. 31 from 0.65% as of Sept. 30 and 0.85% a year ago. The gross non-performing assets ratio of the bank also improved to 2.26% from 2.54% at the end of September. The bank's gross non-performing assets ratio was 3.69% as of Dec. 31, 2024. The lender registered INR 1.13 billion non-performing assets upgrades and INR 10.46 billion cash recoveries.

 

The bank's business performance was steady with its global advances and global deposits rising over 13% and over 11%, respectively, to INR 7.40 trillion and INR 8.87 trillion as of Dec. 31. Within advances, gross domestic advances were up 15% on year at INR 6.29 trillion, with loans to the retail, agriculture, and micro, small, and medium enterprises portfolio rising 18% on year to INR 3.68 trillion.

 

Within deposits, domestic deposits were up nearly 13% on year at INR 7.65 trillion. The domestic current account savings account ratio was 37.97% at the end of December, down from 39.39% at the end of September and 41.05% a year ago. In Oct-Dec, the global cost of deposits for the bank fell to 4.77% from 4.85% in the trailing quarter. Its cost of funds also declined to 4.57% from 4.66% in Jul-Sept and 4.81% a year ago.

 

Bank of India reported 0.34% annualised global credit cost as of Dec. 31, compared to 0.28% at the end of the September quarter. The capital adequacy ratio based on Basel-III norms was 17.09% at the end of December, up from 16.69% at the end of September and 16.00% at the end of December 2024. Its Oct-Dec cost-to-income ratio fell to 52.02% from 53.02% a quarter ago and 52.63% a year ago.

 

The lender registered 14% growth in net profit for the nine months ended Dec. 31 to INR 75.11 billion, primarily on account of a 20?ll in provisions. Its total income for the period was up 7% at INR 623.50 billion. The bank released its financial results after market hours Wednesday. Its shares ended 1.4% lower at INR 157.48 on the National Stock Exchange.  End

 

Edited by Rajeev Pai

 

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