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India
Reported ownership for FY2027-Q1 as of 2026-06-30.
As of 06 Nov 2026, 03:30 pm
For Q2 FY27 (ended September 30, 2026), Bank of India reported a net profit of ₹3,202 crore, up 25.32% year-over-year, with Net Interest Income rising 18.52% to ₹7,007 crore. Asset quality improved, with Gross NPA declining to 1.60% and Provision Coverage Ratio at 94.45%. Management has provided full-year guidance targeting global advance growth of 15-16% and deposit growth of 16-17%, while confirming no immediate plans for capital raising or government stake reduction.
Effective November 1, 2026, Bank of India revised its Marginal Cost of Funds Based Lending Rate (MCLR): the three-month MCLR increased to 8.45%, the six-month to 8.75%, and the three-year to 9.00%, while overnight and one-month rates remained unchanged. Concurrently, the bank raised fixed deposit rates by 10 to 35 basis points for maturities between one and three years to manage liability profiles amid tightening banking system liquidity.
As of November 5, 2026, the stock closed at ₹139.00, showing a daily bullish supertrend but a weekly bearish supertrend. Key support levels are observed at ₹137.70 and ₹136.50, while resistance exists at ₹149.00 and ₹153.79. The stock has returned +3.8% over the past month but remains down -5.4% year-to-date, with an annualized volatility of +33.2%.
As of 06 Nov 2026, 03:30 pm
Showing 3 of 6 candles
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q2 FY27 and comparative quarterly trends.
| Metric | Q2 FY26 | Q1 FY27 | Q2 FY27(Latest) |
|---|---|---|---|
| Profit Loss For The Period | ₹2,526 crore | ₹3,138 crore | PEAK₹3,222 crore |
| Profit Loss From Ordinary Activities Before Tax | ₹3,361 crore | ₹4,167 crore | PEAK₹4,321 crore |
| Tax Expense | ₹835 crore | ₹1,028 crore | PEAK₹1,099 crore |
| Basic Earnings Per Share After Extraordinary Items | ₹5.66 per share | ₹7.25 per share | PEAK₹7.27 per share |
At 30 September 2026, advances were ₹8,49,703 crore, compared with ₹7,64,651 crore at 31 March 2026 and ₹6,99,643 crore at 30 September 2025. Deposits stood at ₹10,40,729 crore and total assets at ₹12,91,608 crore at quarter-end.
The CET1 ratio was 16.08%, down from 16.59% at 30 June 2026 but above 14.48% a year earlier. The additional Tier 1 ratio was 0.28%, compared with 0.30% in Q1 and 0.59% in Q2 FY2025-26.
Year-on-year profit growth was strong, but the sequential increase was modest and came alongside lower provisions: operating profit before provisions was nearly flat as expenses rose. Advances continued to expand, while the quarter-on-quarter decline in CET1 merits monitoring.
Exchange disclosures and regulatory announcements for Bank of India.
Bank of India filed the transcript of its Q2 FY27 earnings conference call with the NSE and BSE on October 30, 2026. The filing discloses unaudited reviewed financial results for the quarter ended September 30, 2026, highlighting a 25.32% YoY increase in Net Profit to Rs. 3,202 crores and an 18.52% YoY rise in Net Interest Income (NII) to Rs. 7,007 crores. Management reported strong asset quality metrics, including a Gross NPA ratio of 1.60% and a Provision Coverage Ratio (PCR) of 94.45%. The bank provided full-year guidance targeting global advance growth of 15-16% and deposit growth of 16-17%, while confirming no immediate plans for capital raising or government stake reduction.
Bank of India revised its Marginal Cost of Funds Based Lending Rate (MCLR) effective November 1, 2026, following a decision by the Asset Liability Committee (ALCO). While overnight and one-month rates remained unchanged at 7.85% and 8.15% respectively, the three-month MCLR increased from 8.35% to 8.45%, the six-month MCLR rose from 8.65% to 8.75%, and the three-year MCLR increased from 8.90% to 9.00%. The Repo Based Lending Rate (RBLR) remained unchanged. Additionally, the bank updated its Fixed Rate Spread (FRS) structure for tenors ranging from one year to above five years.
Bank of India’s Board of Directors approved the Unaudited (Reviewed) Standalone and Consolidated Financial Results for the second quarter and half-year ended September 30, 2026, on October 23, 2026. The Bank reported a consolidated net profit of Rs. 10,30.63 Crore for the half-year period. Key capital structure changes included the redemption of Rs. 1,800 Crore in Basel III compliant Tier II Bonds and an equity infusion of Rs. 22.64 Crore into associate ASREC (India) Ltd., increasing shareholding to 27.30%. Asset quality metrics showed a Gross NPA ratio of 1.98% and a Capital Adequacy Ratio (Basel III) of 18.58% as of September 30, 2026.
Bank of India reported unaudited (reviewed) standalone and consolidated financial results for the quarter and half-year ended 30 September 2026. For Q2 FY27, net profit rose 25.34% year over year to ₹3,202 crore, operating profit rose 33.19% to ₹5,089 crore and net interest income rose 18.52% to ₹7,007 crore. For H1 FY27, net profit increased 30% year over year to ₹6,270 crore. The press release also reported higher business and advances and improved asset-quality ratios.
Bank of India submitted an investor presentation to the NSE on October 23, 2026, detailing unaudited (reviewed) financial results for Q2 FY 2026-27 (half-year ended September 30, 2026). The bank reported a Net Interest Income of ₹7,007 Cr and a Net Profit of ₹3,202 Cr. Asset quality improved with Gross NPA declining to 1.60% and provision coverage at 94.45%. Capital adequacy remains strong with CRAR at 17.78%, and the Board has approved a capital raising plan of ₹7,500 crore in FY 27 via AT1 and Tier II bonds.
Bank of India’s Board of Directors approved the Unaudited (Reviewed) Standalone and Consolidated Financial Results for the second quarter and half-year ended September 30, 2026, on October 23, 2026. The Bank reported a consolidated net profit of ₹10,30.63 Crore for the half-year, with a Capital Adequacy Ratio of 18.58% and Gross NPA at 1.98%. During the period, the Bank redeemed ₹1,800 Crore in Tier II bonds, infused ₹22.64 Crore into associate ASREC (India) Ltd., and transferred ₹1,394.59 Crore from Investment Fluctuation Reserve to General Reserve.
Bank of India submitted its consolidated related-party transaction statement for the quarter and half-year ended 30 September 2026 under Regulation 23(9) of the SEBI LODR Regulations, 2015. The filing reports a total transaction value of (41,699.96) lakhs during the reporting period. It is a disclosure filing; it does not announce a new transaction or approval.
Bank of India filed a statement with the NSE and BSE for the quarter ended September 30, 2026, indicating no deviation or variation in the use of proceeds from public issues, rights issues, preferential issues, or listed Non-Convertible Debt Securities. The filing was signed by Company Secretary Usha Ramsinghani and General Manager & CFO Vineet Srivastava.
Recent market and company developments associated with Bank of India.
Systematix Institutional Equities reports divergent net interest margin trends for Indian banks in Q2 FY27, with large private lenders seeing an average contraction of 15 basis points while public sector banks expanded by 3 basis points. The brokerage maintains a cautiously optimistic outlook on the sector, citing healthy credit growth and stable asset quality, though it highlights retail deposit mobilization and the transition to expected credit loss frameworks as key monitorables. Consequently, Systematix has issued fresh price targets for major lenders including ICICI Bank, SBI, and HDFC Ba
Bank of India has raised deposit rates by 10 to 35 basis points for maturities between one and three years, becoming the second lender to adjust pricing amid tightening banking system liquidity. This move follows a month after the Reserve Bank of India's first policy rate hike in four years, as systemic liquidity dropped from over ₹11 lakh crore in early September to approximately ₹1.96 lakh crore. The adjustment reflects higher costs for deposits and a need to manage liability profiles as credit demand surges during the busy season.
Lenders led by Canara Bank have approved a ₹522-crore one-time settlement offer from Supreme Housing and Hospitality, resolving debts of close to ₹700 crore with a recovery rate just short of 75%. The agreement covers both fund-based exposure for Canara Bank and non-fund exposure arising from corporate guarantees given to subsidiary entities. This resolution marks a major milestone in the company's financial restructuring and will now be submitted to the NCLT for final approval.
Domestic banks, led by Bank of India, are raising deposit rates as banking system liquidity has tightened significantly from its September peak due to bond sales and the waning impact of FCNR(B) inflows. This adjustment reflects higher funding costs amid surging credit demand during the busy season, although analysts note that large lenders may delay broader hikes to preserve margins until next quarter.
Bank of India has revised its fixed deposit rates and introduced a new 500-day deposit scheme. Concurrently, ICICI Bank is offering interest rates of up to 7.20 percent on its deposits.
Punjab National Bank and Canara Bank have revised their fixed deposit interest rates effective November 1 and 2, 2026, respectively, with senior citizens eligible for returns up to 7.25% at Canara Bank and 7.10% at PNB. These updates follow a recent revision by Bank of India, which introduced a special 500-day scheme offering 7.35% to senior citizens. The revised rates apply to domestic term deposits below Rs 3 crore across various tenures.
Bank of India has raised deposit rates for various maturities, including a new 500-day option, citing tighter liquidity and higher costs. This move follows similar actions by Indian Bank and comes as banking system liquidity drops significantly from September peaks.
Bank of India has revised its fixed deposit interest rates effective November 2, following the Reserve Bank of India's repo rate hike. The public sector lender introduced a new 'Star Akshay' special deposit scheme with a 500-day tenure and updated rates for retail deposits up to ₹3 crore, as well as bulk deposits between ₹3 crore and ₹10 crore.
Comprehensive Section Breakdown for Bank of India
Strategic Vision: Indian public sector bank providing financial services.
• Public sector bank status
• National and international operational presence
Bank Of India reported profit after tax of ₹3,222 crore for the quarter ended 30 September 2026, up 27.6% year on year and 2.7% sequentially. Higher income and lower provisions supported the quarter-on-quarter increase, while operating expenses rose and operating profit before provisions was nearly unchanged. Advances expanded from March and a year earlier; CET1 eased from the prior quarter but remained above its year-earlier level.
Total income increased 6.3% quarter on quarter to ₹24,137 crore. Interest earned rose 6.3% to ₹21,370 crore, while interest expended grew faster, by 8.4%, to ₹14,263 crore. Other income increased 5.8% to ₹2,767 crore.
Operating expenses rose 7.3% from Q1 FY2026-27 to ₹4,743 crore. Other operating expenses increased 14.4% to ₹2,034 crore and employee costs rose 2.6% to ₹2,709 crore. Operating profit before provisions and contingencies edged down 0.1% to ₹5,132 crore from ₹5,138 crore, despite higher income.
Provisions other than tax and contingencies fell 16.5% quarter on quarter to ₹811 crore. Pre-tax profit increased 3.7% to ₹4,321 crore, while tax expense rose 6.8% to ₹1,099 crore. Profit after tax was ₹3,222 crore, up 2.7% from Q1.
Consolidated profit after minority interest and share of associates was ₹3,309 crore, compared with ₹3,303 crore in Q1. The share of profit of associates declined to ₹88 crore from ₹166 crore. Earnings per share was ₹7.27, little changed from ₹7.25 in Q1 and up from ₹5.66 in Q2 FY2025-26.
Category: Financial Services
Bank of India is enhancing its wealth management services, which include mutual funds, insurance, and various investment products. It has a mutual fund subsidiary and partnerships with insurance companies.
Key Products & Services: Bank of India Mutual Fund
Category: Financial Services
As a public sector bank, Bank of India typically offers a comprehensive suite of banking services to retail, corporate, and institutional clients.
Core Thesis: Leveraging its existing network and subsidiary services to expand wealth management and increase non-interest income.
• Wealth Management Expansion: The bank plans to launch a dedicated wealth management vertical to enhance offerings in mutual funds, insurance, and investment products. • Leveraging Subsidiaries and Partnerships: Utilizing its mutual fund subsidiary and partnerships with insurance companies to support wealth management growth.