Bank of India (BoI) recently participated in 'Emkay Global's Confluence,' an investor meeting organized by Emkay Global Financial Services Ltd. The bank's top management held physical meetings with a diverse group of investors and analysts, showcasing its commitment to transparency and stakeholder engagement.

Meeting Details

The event was structured into two sessions:

1. 2:00 PM to 3:00 PM
2. 3:00 PM to 4:00 PM

During these sessions, Bank of India's leadership interacted with representatives from various financial institutions and investment firms.

Participating Investors

The meetings attracted a wide array of institutional investors, including:

• Nippon Mutual Fund
• Canara Robecco Mutual Fund
• UTI Pension Funds
• DSP Black Rock
• Pinpoint Funds
• North Rock Capital
• Vasuki India Fund
• Pine Bridge Investments
• Bandhan Life Insurance
• Guardian Capital
• Banyan LLP
• SBI Funds Management

Discussion Framework

Bank of India's management adhered to a transparent approach during the discussions. As per the LODR (Listing Obligations and Disclosure Requirements) disclosure, the bank referred to publicly available documents throughout the interactions, ensuring that all participants had access to the same information.

Regulatory Compliance

In line with regulatory requirements, Bank of India promptly disclosed the details of this investor meeting. Rajesh V Upadhya, the Company Secretary, filed the necessary information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This investor engagement initiative by Bank of India demonstrates the bank's proactive approach to maintaining open lines of communication with its stakeholders. Such meetings provide valuable opportunities for investors and analysts to gain insights into the bank's operations and strategies, fostering transparency in the financial markets.

Bank of India (BOI) has reported a robust performance for the first quarter of the fiscal year 2026, with a significant increase in net profit and improved asset quality. The bank's strategic focus on retail, agriculture, and MSME (RAM) sectors, coupled with prudent financial management, has contributed to its strong results.

Key Financial Highlights

• Net profit surged by 32% year-on-year to Rs 2,252.00 crore in Q1 FY26, compared to Rs 1,703.00 crore in Q1 FY25.
• Operating profit grew by 9% to Rs 4,009.00 crore.
• Global business expanded by 10.37% to Rs 15,06,000.00 crore.
• Global advances rose by 12.02% to Rs 6,72,000.00 crore.
• Non-interest income surged by 66% to Rs 2,166.00 crore.

Asset Quality Improvement

The bank witnessed a significant improvement in its asset quality:

• Gross Non-Performing Asset (NPA) ratio declined by 170 basis points to 2.92%.
• Net NPA ratio improved to 0.75%.
• Provision Coverage Ratio (PCR) increased to 92.94% from 92.11% in the previous year.
• Credit cost decreased to 0.68% from 0.85% in the previous year.

Business Growth and Deposit Performance

• Domestic gross advances increased by 11.24% year-on-year to Rs 5,65,000.00 crore.
• RAM (Retail, Agriculture, and MSME) advances grew by 16.69% to Rs 3,28,000.00 crore, constituting 58% of total domestic advances.
• Domestic deposits increased by 9.62% to Rs 7,10,000.00 crore.
• CASA (Current Account Savings Account) ratio stood at 39.88%, with an incremental growth of Rs 6,000.00 crore.

Capital Adequacy and Future Outlook

• The bank's Capital Adequacy Ratio improved to 17.39% from 16.18% in the previous year.
• Management provided guidance of 12-13% global advances growth and 10-11% deposit growth for FY26.
• Credit cost is expected to be around 0.70% for the fiscal year.
• Net Interest Margin (NIM) bottomed out at 2.55%, with guidance of 2.50-2.60% for the full year.

Strategic Initiatives

Bank of India has implemented several strategic initiatives to enhance its performance:

1. Introduction of a Repo-linked Export Credit facility in Indian Rupees for corporate borrowers.
2. Launch of the BOI Star Energy Saver vendor finance scheme to support green energy initiatives.
3. Implementation of functionality for linking pre-sanctioned credit lines to the UPI platform.
4. Roll-out of Project Saksham to improve sector-specific knowledge and develop financial solutions for cluster-based finance, particularly in the MSME segment.
5. Introduction of a new rewards and recognition policy, BOI Star Grace, to enhance employee engagement and motivation.

Challenges and Outlook

While the bank has shown strong performance, it faces challenges in the form of pressure on net interest income and margins. The management expects improvement in the coming quarters as the transmission of deposit rates takes effect and credit growth continues.

Bank of India's Managing Director and CEO, Shri Rajneesh Karnatak, expressed confidence in the bank's ability to maintain its growth trajectory and improve profitability. The bank's focus on enhancing customer experience, fortifying low-cost deposits, and sustainable credit growth is expected to drive its performance in the coming quarters.

As Bank of India navigates through the evolving economic landscape, its strategic initiatives and robust financial performance position it well for continued growth and improved shareholder value in FY26.