Bank of India Q2 net profit rises 25.34% to Rs 3,202 crore

Bank of India has announced its results for the quarter and the first six months ended September 30, 2026. In the second quarter of the current financial year, the bank's net profit rose 25.34 per cent to Rs 3,202 crore. For the first half, net profit rose 30 per cent to Rs 6,270 crore.

Both return on assets and return on equity improved in the second quarter, at 1.01 per cent and 16.36 per cent respectively.

The bank's operating profit rose 33.19 per cent to Rs 5,089 crore in the second quarter. In the first half it rose 30 per cent to Rs 10,140 crore. Net interest income for the quarter rose 18.52 per cent to Rs 7,007 crore, while non-interest income rose 24.78 per cent to Rs 2,770 crore. Global net interest margin improved by six basis points to 2.47 per cent. The cost-to-income ratio improved by 507 basis points to 47.95 per cent.

Compared with a year earlier, the bank's global business grew 21.13 per cent to over Rs 18.92 lakh crore. Global deposits rose 21.59 per cent to more than Rs 10.37 lakh crore. Global loans rose 20.58 per cent to over Rs 8.55 lakh crore. Overseas loans rose 35.21 per cent to Rs 1.51 lakh crore.

Retail loans grew 19.27 per cent, MSME loans 20.27 per cent and agriculture-linked loans 16.34 per cent. RAM (retail, agriculture and MSME) loans make up 58.63 per cent of total domestic loans. Domestic CASA deposits rose 7.17 per cent to Rs 3.07 lakh crore as of September 2026.

The bank's gross NPA ratio improved by 94 basis points from a year earlier to 1.60 per cent. The net NPA ratio improved by 23 basis points to 0.42 per cent. The provision coverage ratio was 94.45 per cent. In the second quarter, the slippage ratio was 0.15 per cent and credit cost was 0.12 per cent.

On September 30, 2026, the bank's capital adequacy ratio (CRAR) was 17.78 per cent, 109 basis points higher than a year earlier. Its CET-1 ratio, the highest-quality core capital, stands at 15.49 per cent.

On the digital front, users of the Omni Neo mobile banking app have crossed 1.49 crore and internet banking users 1.11 crore. Digital transactions rose 25 per cent to 2.21 billion. In the first half, the bank also opened 7.07 lakh new accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY).