Bank of India (BOI) has announced its financial results for the second quarter of fiscal year 2026, showcasing improved profitability and asset quality. The state-owned lender reported a 7.62% year-on-year increase in net profit, along with significant improvements in key financial metrics.

Profit and Income

For Q2 FY26, BOI reported a net profit of ₹2,555.00 crore, up from ₹2,374.00 crore in the same quarter last year. The bank's total income for the quarter stood at ₹20,626.00 crore, compared to ₹19,872.00 crore in Q2 FY25, marking a 3.79% increase.

Asset Quality Improvement

The bank's asset quality showed notable improvement:

• Gross Non-Performing Assets (GNPA) ratio decreased to 2.54% as of September 30, 2025, down from 4.41% a year ago.
• Net Non-Performing Assets (NNPA) ratio improved to 0.65%, compared to 0.94% in the previous year.
• Provision Coverage Ratio (PCR) strengthened to 93.39%, up from 92.22% in Q2 FY25.

Business Growth

BOI reported strong growth in its loan book:

• Global advances grew by 14.03% year-on-year to ₹7,09,145.00 crore.
• Domestic advances increased by 14.73% to ₹5,97,350.00 crore.
• Retail advances showed robust growth of 19.96% year-on-year.

The bank's deposit base also expanded:

• Global deposits increased by 10.08% to ₹8,53,301.00 crore.
• Domestic deposits grew by 8.53% to ₹7,30,098.00 crore.

Key Financial Ratios

Digital Banking Initiatives

BOI continued to focus on digital banking, with the share of alternate channels in total transactions increasing to approximately 96% in Q2 FY26. The bank added over 7 lakh customers to its UPI platform during the quarter, bringing the total UPI customer base to 235 lakh+.

Conclusion

Bank of India's Q2 FY26 results demonstrate resilience in a challenging economic environment, with improvements across key financial parameters. The significant reduction in NPAs and growth in advances suggest effective management of asset quality and a strong focus on business expansion. As the bank continues to navigate the evolving financial landscape, its digital initiatives and robust capital position are likely to play crucial roles in sustaining growth and profitability in the coming quarters.

Bank of India , a major public sector bank, has reported a significant increase in its net profit for the quarter, driven by improved asset quality and increased revenue.

Key Financial Highlights

Profitability and Asset Quality

Bank of India's net profit increased to ₹25.55 billion in the quarter, marking a 7.8% rise from ₹23.7 billion in the same period last year. This growth was primarily attributed to enhanced asset quality and increased revenue.

The bank's asset quality showed notable improvement, with the gross non-performing asset (NPA) ratio decreasing to 2.54% from 2.92% in the previous quarter. Similarly, the net NPA ratio declined to 0.65% from 0.75% quarter-over-quarter.

Business Growth

Bank of India demonstrated solid business growth:

• Revenue increased to ₹184 billion from ₹173.5 billion year-over-year, representing a 6.1% growth

The improvement in both profitability and asset quality indicates the bank's effective management of its loan portfolio and overall business operations.

Conclusion

Bank of India's quarterly performance reflects a positive picture with profit growth, improved asset quality, and increased revenue. The bank's focus on maintaining a healthy balance sheet appears to be paying off, setting a foundation for sustainable growth in the coming periods. However, it's important to note that while these results are encouraging, the banking sector continues to face various challenges in the current economic environment.