Bank of India Q2 Profit Rises to Rs 3,202 Crore, Up About 25%
The bank's operating profit rose about 33% to Rs 5,089 crore while its gross NPA ratio fell to 1.60%.
Key Takeaways
- Net profit was Rs 3,202 crore in Q2 FY27, up about 25% year on year from Rs 2,555 crore.
- Operating profit rose about 33% to Rs 5,089 crore.
- Gross NPA ratio fell to 1.60% from 2.54% a year ago; net NPA ratio fell to 0.42% from 0.65%.
- Recoveries from written-off accounts were Rs 978 crore against Rs 337 crore a year ago.
- Net interest margin was 2.47%, down from 2.52% in the June quarter.
Bank of India reported a net profit of Rs 3,202 crore for the second quarter of FY27 (July to September 2026), up about 25% from Rs 2,555 crore in the same quarter a year earlier. The bank announced its results on Friday, 23 October 2026.
Operating profit rose about 33% year on year to Rs 5,089 crore. Net interest income grew about 18.5% to Rs 7,007 crore, and bad loans fell, with the gross NPA ratio at 1.60% against 2.54% a year ago.
Bank of India Q2 FY27 at a glance
| Detail | Value |
|---|---|
| Net profit | Rs 3,202 crore, up about 25% year on year |
| Operating profit | Rs 5,089 crore, up about 33% year on year |
| Net interest income | Rs 7,007 crore, up about 18.5% year on year |
| Non-interest income | Rs 2,770 crore, up about 25% year on year |
| Gross NPA ratio | 1.60%, against 2.54% a year ago |
| Net NPA ratio | 0.42%, against 0.65% a year ago |
| Net interest margin | 2.47%, against 2.41% a year ago |
| Capital adequacy ratio | 17.78%, against 16.69% a year ago |
| Half-year net profit | Rs 6,270 crore, up about 30% |
Bank of India's Q2 recoveries, other income and loan growth
Recoveries from written-off accounts came in at Rs 978 crore, against Rs 337 crore a year ago, a rise of about 190%. Non-interest income rose to Rs 2,770 crore from Rs 2,220 crore.
Lending also grew. Global advances rose about 20.6% year on year to Rs 8.55 lakh crore, and global deposits grew about 21.6%. Retail advances grew 19.27%, MSME advances 20.27% and agriculture advances 16.34%.
| When | What happened |
|---|---|
| Quarter ended 30 September 2025 | Net profit of Rs 2,555 crore, gross NPA ratio of 2.54% |
| Quarter ended 30 September 2026 | Net profit of Rs 3,202 crore, gross NPA ratio of 1.60% |
| Half-year ended 30 September 2026 | Net profit of Rs 6,270 crore, up about 30% year on year |
Bank of India's bad loans and efficiency in Q2 FY27
Gross NPAs stood at Rs 13,648 crore, down about 24% from a year ago. The slippage ratio was 0.15%. Credit cost was 0.12% and the provision coverage ratio was 94.45%.
The cost to income ratio improved by 507 basis points to 47.95%. Return on assets was 1.01% and return on equity was 16.36%.
Bank of India margins, capital and digital use
Net interest margin was 2.47%, up 6 basis points from a year ago but down from 2.52% in the June quarter. The domestic CASA ratio, the share of low-cost current and savings deposits, was 34.16%.
The bank ended September 2026 with a capital adequacy ratio of 17.78% and a CET-1 ratio of 15.49%. Digital transactions were up 25% to 2.21 billion.
Where Bank of India stands after Q2 FY27
Bank of India closed the September 2026 quarter with a net profit of Rs 3,202 crore and a gross NPA ratio of 1.60%, down from 2.54% a year earlier. For the first half of FY27, its net profit came to Rs 6,270 crore, up about 30%. The bank ended September 2026 with global advances of Rs 8.55 lakh crore and a capital adequacy ratio of 17.78%.
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Frequently Asked Questions
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