Bank of India Posts Q1 FY27 Results: Net Profit Rises 36.23% as Asset Quality Improves

Bank of India Posts Q1 FY27 Results: Net Profit Rises 36.23% as Asset Quality Improves​

Bank of India has reported significant growth in profitability and operational efficiency for the first quarter of the fiscal year 2027, ending June 30, 2026. The bank saw a sharp increase in net profit and improved key asset quality metrics across its global and domestic portfolios.

The bank recorded Net Profit of ₹ 3,068 Crore for Q1 FY27, marking a 36.23% year-on-year (YoY) improvement from the ₹ 2,252 Crore reported in Q1 FY26. Operating Profit increased by 25.99% YoY to stand at ₹ 5,051 Crore. Furthermore, the Cost to Income Ratio (CIR) saw a substantial improvement of 498 basis points (bps), settling at 46.33%.

Key Financial Highlights and Growth Metrics​

The bank’s global business expanded by 16.57% YoY, reaching ₹ 17,55,699 Crore. Global Deposits increased by 14.90% YoY to ₹ 9,57,924 Crore, while Global Advances grew by 18.64% YoY to ₹ 7,97,775 Crore.

The domestic business segment also showed robust growth:

• Domestic Deposits rose by 16.15% YoY from ₹ 7,10,277 Cr in June '25 to ₹ 8,24,963 Cr in June '26.
• Domestic CASA (Current Account Savings Account) increased by 7.18% YoY, reaching ₹ 3,02,085 Cr, and the CASA ratio stood at 36.68%.

Advances across various domestic categories demonstrated strong performance: RAM Advances increased by 19.75% YoY to ₹ 3,92,833 Cr, accounting for 58.30% of domestic Gross Advances. Retail Credit advanced by 20.60% YoY, and MSME Advances rose by 19.34% YoY, reaching ₹ 1,10,881 Cr. Agriculture Credit increased by 18.92% YoY, reaching ₹ 1,15,782 Cr.

A summary of the key business metrics is provided below:

Asset Quality and Profitability Status​

The bank improved its asset quality metrics during the quarter. Gross NPA (GNPA) declined by 26.41% YoY from ₹ 19,640 Cr in June '25 to ₹ 14,454 Cr in June '26. Correspondingly, the GNPA ratio improved by 111 bps, standing at 1.81%.

Net NPA declined by 18.81% YoY from ₹ 4,950 Cr to ₹ 4,019 Cr. The Net NPA ratio saw a 24 bps improvement and stood at 0.51%. The bank's Provision Coverage Ratio (PCR) was reported at 93.83% in June '26, up from 92.94% in June '25.

Financial performance details for Q1 FY27 compared to Q1 FY26:

Priority Sector and Operational Metrics​

The bank achieved 47.11% of Advances Against Net Banking Capital (ANBC) in Priority Sector lending. Agricultural advances accounted for 19.85% of ANBC, while Advances to Small & Marginal Farmers reached 14.22% of ANBC.

In terms of digital banking and financial inclusion:

• The bank opened 3.58 Lakh new PMJDY accounts during Q1 FY27.
• Internet Banking (Omni Neo) users stood at 10.1 million as of June '26. Mobile Banking (Omni Neo) users reached 13.9 million.
• The number of Digital Transactions improved by 22% YoY, growing from 1.70 billion in June '25 to 2.08 billion in June '26.

The bank’s branch network comprises a total of 38,063 touch points, including 5,510 domestic branches, distributed as follows: Urban (913), Metro (1,022), Rural (1,935), and Semi-Urban (1,640).

Recognition and Accolades​

Bank of India secured several recognitions during the reporting period. The bank was honored with 'ET- Rising Star of the year' award at The Economic Times Enterprise Security Award 2026. It also won two Gold awards for Corporate Banking Innovation and Product innovation for FCSS (Foreign Currency Settlement System) at the Infosys Innovation Awards 2026, in addition to being awarded Excellence in Professional Banking Certification at IIBF Learning & Development Leadership Meet 2026.

Digital Banking and Social Media Presence​

The bank has a significant social media following as of June '26:

BANKINDIA Stock Price Movement​

Today, Bank of India closed higher, gaining 0.35% to settle at ₹142.62. The stock traded within a range spanning from a low of ₹139.82 to a high of ₹143.20, supported by a volume of 7.63 million shares today.