State-owned lender Bank of India has announced an impressive set of financial results for the first quarter of FY 2026-27, ending June 30, 2026.
Driven by solid core interest income, sustained credit expansion across priority focus sectors, and steady deposit growth, the Mumbai-headquartered bank delivered a strong performance across key financial parameters.
Demonstrating operational resilience and healthy profitability, the lender’s standalone net profit surged 36.23% year-on-year to reach ₹3,068 crore during the reporting quarter.
This robust bottom-line performance was supported by a 25.99% growth in operating profit, which climbed to ₹5,051 crore. Reflecting efficient balance sheet utilization, the bank reported a Return on Assets (ROA) of 1.01% and a Return on Equity (ROE) of 16.12%, highlighting sustained shareholder value creation.
The bank witnessed broad-based expansion across its overall business portfolio, pushing total global business up by 16.57% year-on-year to cross the landmark threshold of ₹17.56 lakh crore.
Global deposits increased 14.90% to reach ₹9.58 lakh crore, while total global advances registered an 18.64% growth to stand at ₹7.98 lakh crore. In the domestic segment, deposits registered a healthy expansion of 16.15%, while domestic advances expanded by 19.20%, reflecting steady credit demand across key sectors.
A major catalyst for domestic credit growth was the bank’s Retail, Agriculture, and MSME (RAM) segment. RAM advances rose by 19.75% year-on-year to ₹3.93 lakh crore, accounting for a significant 58.30% of the bank’s total domestic gross advances.
In addition to strong profitability and credit expansion, Bank of India recorded significant progress in improving its overall asset quality. Gross Non-Performing Assets (GNPA) dropped sharply to 1.81%, while Net Non-Performing Assets (NNPA) improved further to a clean 0.51%.
The bank’s balance sheet strength was reinforced by a robust Capital Adequacy Ratio (CRAR) of 18.69%, remaining well above mandatory regulatory guidelines.
Alongside core financial growth, the lender made major strides in its digital technology initiatives, with total digital transactions surging 22% year-on-year to touch 20.8 billion (208 crore) during the quarter.
Overall, these quarterly figures underscore Bank of India’s solid financial fundamentals, superior asset quality, and strong operational trajectory for the upcoming fiscal year.
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