Bank of India has received rating actions from CRISIL Ratings, with the agency reaffirming its AA/Stable ratings on existing Basel-III compliant bonds while assigning a new AA/Stable rating to ₹10,000 crore infrastructure bonds. The rating review reflects the bank's strengthening financial position and continued government support.

Rating Actions and Bond Details

CRISIL Ratings has taken multiple rating actions across Bank of India's debt instruments:

Strong Government Support Framework

CRISIL Ratings emphasized the expectation of strong government support as a primary rating driver. The Government of India maintains a 73.38% stake in the bank as of September 30. The rating agency noted that the bank received capital infusions in previous fiscal years, contributing to its capital adequacy ratios.

Operational Performance and Asset Quality

Bank of India demonstrated operational metrics with gross advances reaching ₹7.10 lakh crore, representing 14.00% year-on-year growth. Total business stood at ₹15.60 lakh crore, registering 11.80% growth on a year-on-year basis.

CRISIL highlighted the bank's improving asset quality metrics. Gross non-performing assets declined to 2.50% as of September 30, from 3.30% as of March 31.

Outlook

CRISIL maintained a stable outlook on Bank of India's ratings, citing the expected support from the Government of India and the bank's improving operational metrics. The rating agency identified sustained improvement in asset quality and profitability as potential factors for future rating actions.

Bank of India conducted a one-to-one physical investor meeting with Millennium Partners on December 17, 2025, as disclosed in a regulatory filing under SEBI regulations. The meeting represents part of the bank's ongoing investor engagement activities.

Meeting Details

The key parameters of the investor meeting were as follows:

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with SI. No. 15 of Para A of Schedule-III and Regulation 46(2)(o) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Bank representatives confirmed that only information available in the public domain was provided to the investor during the meeting.

Information Sharing Protocol

The bank emphasized that no unpublished price-sensitive information was shared during the meeting with Millennium Partners. This adherence to regulatory guidelines ensures compliance with SEBI's disclosure requirements and maintains transparency in investor communications.

The meeting was signed off by Rajesh V Upadhya, Company Secretary of Bank of India, confirming the bank's commitment to proper regulatory disclosure practices in its investor relations activities.