Bank of India received a comprehensive credit rating reaffirmation from CARE Ratings Limited on December 18, 2025, covering its entire portfolio of Basel-III compliant Tier II Bonds and Infrastructure Bonds worth ₹50,000 crores. The rating agency maintained an 'A+' rating with stable outlook across all bond series, reflecting confidence in the bank's financial stability and government backing.

Comprehensive Rating Portfolio

CARE Ratings' evaluation encompassed multiple bond instruments with significant aggregate value:

The rating actions included reaffirmation of six existing bond series and fresh ratings for new Tier-II bond issues and Certificate of Deposit programs, demonstrating comprehensive coverage of the bank's debt instruments.

Strong Financial Performance Metrics

Bank of India's improved financial performance underpinned the rating reaffirmation. Key performance indicators show substantial growth:

The bank's asset quality parameters also showed improvement with Gross NPA ratio declining to 3.27% in FY25 from 4.98% in FY24, while Net NPA ratio decreased to 0.82% from 1.22%.

Government Support and Market Position

CARE Ratings emphasized the bank's strong government backing, with Government of India holding 73.38% shareholding as of September 2025. The rating agency expects continued support given Bank of India's significance as the sixth-largest nationalized bank with advances of ₹6.96 lakh crores and total business of ₹15.49 lakh crores.

The bank operates through an extensive network of 5,375 branches in India and 22 overseas branches, with 65% of domestic branches serving rural and semi-urban areas, providing strong franchise value.

Rating Outlook and Sensitivities

The stable outlook reflects CARE's expectation of continued stable financial performance with gradual improvement in asset quality parameters. However, the rating agency noted potential pressure on Net Interest Margin in FY26 due to faster repricing of advances compared to deposits.

Positive rating factors include improvement in profitability with Return on Total Assets remaining above 0.8% and sustained improvement in asset quality parameters. Negative factors could include decline in profitability below 0.30% ROTA or deterioration in capitalization levels.

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.