Bank of India’s filing shows net profit leapt 25.3% YoY to ₹3,202 crore, up from ₹2,555 crore a year earlier, while net interest income climbed 18.5% to ₹7,007 crore.
Gross and net non‑performing asset ratios fell to 1.6% and 0.42% respectively, down from 1.81% and 0.51% in June, signalling tighter credit discipline. The provision coverage ratio rose to 94.45% from 93.39%, and the slippage ratio sat at 0.15%.
Global business grew 21.13% YoY to ₹18.93 lakh crore, with deposits up 21.59% to ₹10.38 lakh crore and advances 20.58% to ₹8.55 lakh crore. Retail credit added 19.27%, MSME advances 20.27%, and agriculture lending 16.34%, together forming 58.63% of total RAM advances.
Operating efficiency improved sharply; cost‑to‑income ratio fell 507 basis points to 47.95%. Return on equity climbed 142 basis points to 16.36%, while return on assets edged up 10 basis points to 1.01%. Net interest margin settled at 2.47%.
Digital channels continue to gain traction: Omni Neo’s internet‑banking platform logged 1.11 crore users and mobile app users topped 1.49 crore. Digital transactions rose 25% YoY to 2.21 billion, underscoring the bank’s push toward tech‑enabled service.
The bank is scheduled to report Q3 results on December 1, 2026; analysts will be watching for continued asset‑quality improvement and the impact of higher cost‑to‑income on future profitability.