Bank of India Q2 Results, October 23, 2026: Net Profit Up 25% to ₹3,202 Crore

Bank of India Q2 results landed on October 23, 2026, and the state-run lender put up a clean set of numbers. Standalone net profit rose 25.34% year-on-year to ₹3,202 crore for the September quarter, from ₹2,555 crore a year ago. Operating profit grew even faster, and bad loans kept shrinking.

Bank of India Q2 results: profit and income

The figures below are from the bank’s Q2 FY27 press release filed on NSE. They are standalone, and the growth rates compare with the September 2025 quarter unless we say otherwise.

• Net profit: ₹3,202 crore, up 25.34% from ₹2,555 crore.
• Operating profit: ₹5,089 crore, up 33.19% from ₹3,821 crore.
• Net interest income (NII): ₹7,007 crore, up 18.52% from ₹5,912 crore.
• Non-interest income: ₹2,770 crore, up 24.78% from ₹2,220 crore.
• Cost-to-income ratio: 47.95%, down 507 basis points from 53.02%.

Against the June quarter the move is smaller. The results filing shows standalone profit of about ₹3,068 crore in Q1 FY27, so Q2 profit was roughly 4% higher sequentially. On a consolidated basis, net profit for the quarter was about ₹3,309 crore.

For the first half of FY27, net profit rose 30% to ₹6,270 crore and operating profit was also up 30% at ₹10,140 crore.

Margins and returns

Global net interest margin (NIM) improved 6 basis points to 2.47%, and domestic NIM rose 9 basis points to 2.75%. That’s a modest gain, but it matters at a time when many banks have been talking about margin pressure. Return on assets went up to 1.01% from 0.91%, and return on equity climbed to 16.36% from 14.94%.

Yield on advances stood at 7.59% and cost of deposits at 4.85% for the quarter.

Loan and deposit growth

Business growth was strong across the board. Global business grew 21.13% to ₹18,92,601 crore as of September 2026.

• Global deposits rose 21.59% to ₹10,37,530 crore, and global advances grew 20.58% to ₹8,55,071 crore.
• Overseas advances jumped 35.21% to ₹1,51,160 crore, much faster than the 17.84% growth in domestic advances to ₹7,03,911 crore.
• Retail, agriculture and MSME loans (the bank calls them RAM) grew 18.68% to ₹4,12,670 crore and made up 58.63% of domestic gross advances.
• Within that, retail credit grew 19.27%, MSME advances 20.27% and agriculture credit 16.34%.

One soft spot: domestic CASA grew only 7.17% to ₹3,07,031 crore, while domestic deposits overall grew 23.29%. The CASA ratio stood at 34.16%. In plain terms, a bigger share of the new money is coming in as term deposits, which cost more.

Asset quality keeps improving

Gross NPAs fell 24.24% to ₹13,648 crore, and the gross NPA ratio dropped 94 basis points to 1.60%. Net NPA came down to ₹3,557 crore, a ratio of 0.42% against 0.65% a year ago. Provision coverage was 94.45%. The slippage ratio for the quarter was 0.15% and credit cost was 0.12%.

Capital looks comfortable too. The capital adequacy ratio (CRAR) rose 109 basis points to 17.78%, with a CET-1 ratio of 15.49%.

What it means

We’d read this as a quarter where almost everything moved the right way: faster loan growth, a slight margin gain, lower costs relative to income and fewer bad loans. The one thing to watch is the deposit mix, since slow CASA growth can squeeze margins later if rates stay where they are.

For other PSU lenders this season, see our take on Union Bank of India’s Q2 results and Central Bank of India’s Q2 numbers. If ratios like NIM and PCR are new to you, our guide on how to analyse quarterly results is a good place to start.

Source: Bank of India’s Q2 FY27 press release and financial results filed with NSE on October 23, 2026.

Disclaimer: This article is for information and education only and is not investment advice. Please do your own research or consult a SEBI-registered adviser before making any investment decision.