Bank of India reported a strong performance for the first quarter, with net profit surging 32% year-on-year to ₹2,252.00 crore, compared to ₹1,703.00 crore in the same period last year. The public sector lender saw improvements across key metrics, including business growth, asset quality, and profitability.

Robust Business Growth

Bank of India's total income rose to ₹20,518.00 crore from ₹18,240.00 crore year-on-year, indicating growing customer trust and market share for the bank.

Significant Asset Quality Improvement

One of the standout aspects of Bank of India's Q1 performance was the marked improvement in asset quality:

• The gross non-performing asset (NPA) ratio declined substantially to 2.92% from 4.62% a year ago.
• The net NPA ratio improved to 0.75% from 0.99% in the previous year.

These figures suggest that the bank has made significant strides in managing its loan portfolio and reducing bad loans.

The provision coverage ratio strengthened to 92.94%, providing a robust buffer against future uncertainties.

Profitability and Operational Efficiency

Bank of India's operating profit grew to ₹4,009.00 crore from ₹3,677.00 crore, reflecting improved operational efficiency. The return on assets improved to 0.82% from 0.70% in the corresponding quarter last year, indicating healthy profitability metrics for the bank.

Strong Capital Position

The bank maintained a strong capital position with a capital adequacy ratio of 17.39%, well above regulatory requirements. The CET1 ratio stood at 14.52%, providing Bank of India with a solid foundation for future growth and expansion.

Management Approval

The board approved these unaudited financial results in a meeting held on July 29.

Outlook

With its improved asset quality, strong capital position, and growth in both income and profitability, Bank of India appears well-positioned for the future. The bank's ability to maintain this momentum and navigate potential economic challenges will be key factors to watch in the coming quarters.

As the Indian banking sector continues to evolve, Bank of India's performance in Q1 demonstrates its resilience and adaptability in a dynamic financial landscape.

Bank of India (BoI) has announced an upcoming analyst meet to discuss its unaudited financial results for the first quarter of the fiscal year 2025-26. The meeting, scheduled for July 29, 2025, at 6:30 PM, will be held in a hybrid format, allowing both physical and virtual participation.

Key Details of the Analyst Meet

• Date and Time: Tuesday, July 29, 2025, at 6:30 PM
• Venue: Golconda Ballroom, Trident Hotel, BKC, Mumbai
• Virtual Participation: Available through Webex

Top Management in Attendance

The meeting will be attended by the bank's top management, including:

• Shri Rajneesh Karnatak - Managing Director & CEO
• Shri P R Rajagopal - Executive Director
• Shri Subrat Kumar - Executive Director
• Shri Rajiv Mishra - Executive Director

Purpose of the Meeting

The primary focus of the analyst meet is to discuss Bank of India's unaudited financial results for the first quarter ended June 30, 2025 (Q1 FY'26). This meeting provides an opportunity for analysts and investors to gain insights into the bank's performance and engage with the top management.

Participation Details

For those attending virtually, the bank has provided the following details:

• Webex Meeting Number: 251 065 18634
• Password: Boi@1234 (26411234 when dialing from a phone or video system)
• Join by Video System: Dial 251 065 18634@boimeet.webex.com
• Join by Phone:
  • India Toll (Mumbai): +91-22-6480-0114
  • India Toll (Delhi): +91-11-6480-0114

Participants are advised to join the call by 6:15 PM to avoid any login issues.

Additional Information

For any queries related to the analyst meet, Bank of India has provided contact information for Adfactors PR:

• Maimuna Dhorajiwala: 80978 29942, maimuna.dhorajiwala@adfactorspr.com
• Viraj Salunkhe: 9833297294, viraj.salunkhe@adfactorspr.com

This analyst meet demonstrates Bank of India's commitment to transparency and open communication with its investors and analysts. The hybrid format ensures wider accessibility, allowing stakeholders to participate either in person or remotely, reflecting the bank's adaptation to evolving communication norms in the financial sector.