🔍

BANKINDIA - Bank of India

📊 NSE: BANKINDIA 🏢 Banks - Public Sector 📅 Last Updated: 12/13/2025 19:02

📢 Recent Corporate Announcements

Bank of India Faces ₹1.85 Lakh RBI Penalty for Currency Chest Violations

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 12 Mar 2026, 07:08 PM

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1,85,300 on Bank of India's Kanpur Currency Chest. The action was taken following the discovery of shortages, counterfeit notes, and mutilated currency within soiled note remittances. The bank received the formal order on March 11, 2026. Management has clarified that this penalty is not expected to have any material impact on the bank's financial or operational performance.

Monetary penalty of ₹1,85,300 imposed by the Reserve Bank of India.
Penalty pertains specifically to the bank's Kanpur Currency Chest operations.
Violations include shortages and the presence of counterfeit/mutilated notes in remittances.
The bank received the regulatory communication on March 11, 2026.
Management confirms no material impact on overall financial or operational activities.

💡 This is a routine operational penalty of a negligible amount for a bank of this scale and should be ignored for long-term valuation purposes. Investors should remain focused on the bank's credit growth and NPA management trends.

Bank of India Conducts One-on-One Investor Meeting with Systematix Group

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 10 Mar 2026, 06:37 PM

Bank of India held a one-on-one physical meeting with Systematix Group on March 10, 2026. The meeting was conducted in compliance with SEBI (LODR) Regulations, 2015, specifically Regulation 30. The bank confirmed that only information already available in the public domain was shared during the interaction. No unpublished price-sensitive information (UPSI) was disclosed to the analysts.

One-on-one physical meeting held on March 10, 2026.
Interaction conducted specifically with Systematix Group.
Disclosure made under Regulation 30 and 46(2)(o) of SEBI (LODR) Regulations.
Bank confirmed that no Unpublished Price Sensitive Information (UPSI) was shared.

💡 This is a routine regulatory disclosure with no immediate impact on stock fundamentals; investors should monitor for any subsequent research reports from Systematix Group.

Bank of India Holds One-on-One Meeting with Systematix Group

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Mar 2026, 06:36 PM

Bank of India (BOI) has informed the exchanges regarding a one-to-one physical meeting held on March 10, 2026. The meeting was conducted with representatives from Systematix Group to discuss the bank's performance and outlook. The bank explicitly stated that only information already in the public domain was shared during this interaction. No unpublished price-sensitive information (UPSI) was disclosed, ensuring compliance with SEBI (LODR) Regulations.

One-to-one physical meeting conducted with Systematix Group on March 10, 2026
Disclosure made under Regulation 30 and 46(2)(o) of SEBI (LODR) Regulations, 2015
Bank confirmed that no Unpublished Price Sensitive Information (UPSI) was shared
The meeting focused on information already available in the public domain

💡 This is a routine regulatory disclosure and does not require any immediate action. Investors should continue to track the bank's quarterly financial results for material performance updates.

Bank of India Conducts One-on-One Meeting with Schonfeld Strategic Advisors

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 09 Mar 2026, 04:21 PM

Bank of India (BOI) held a virtual one-on-one meeting with Schonfeld Strategic Advisors on March 9, 2026. The meeting was conducted in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The bank explicitly stated that only information already available in the public domain was shared during the discussion. No unpublished price-sensitive information (UPSI) was disclosed to the institutional investor.

One-on-one virtual meeting held with Schonfeld Strategic Advisors on March 9, 2026
Disclosure made under Regulation 30 and 46(2)(o) of SEBI (LODR) Regulations
Bank confirmed that no unpublished price-sensitive information (UPSI) was shared
Interaction focused on information already available in the public domain

💡 This is a routine regulatory disclosure indicating standard institutional engagement. Investors should monitor the bank's upcoming quarterly results for material financial updates.

Bank of India Sets Record Date for Interest Payments on Bonds Totaling ₹32,990 Crore

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 26 Feb 2026, 01:47 PM

Bank of India has announced the record date and payment schedule for annual interest on nine different bond series, including Tier I, Tier II, and Infrastructure bonds. The total principal value of these bonds is approximately ₹32,990 crore, with coupon rates ranging from 7.14% to 8.57%. The record date for all payments is March 16, 2026, with the actual disbursement scheduled for April 2, 2026, due to a bank holiday on the original due date. This is a standard regulatory disclosure confirming the bank's adherence to its debt servicing obligations.

Record date for interest payment on nine bond series is fixed as March 16, 2026.
Total principal value of bonds covered in this intimation is ₹32,990 crore.
Coupon rates range from 7.14% (Tier II Series XV) to 8.57% (Tier I Series VIII).
Largest single issue is the LTB Infra Series IV worth ₹10,000 crore at a 7.23% rate.
Actual payment will occur on April 2, 2026, as April 1 is a bank holiday in Mumbai.

💡 This is a routine administrative update; no immediate action is required for equity shareholders. Bondholders should ensure their ownership is recorded by March 16, 2026, to receive the scheduled interest.

Fitch Upgrades Bank of India's Viability Rating to 'bb'; Affirms IDR at 'BBB-'

🟢 POSITIVE ⭐ 7/10

REGULATORY 📅 25 Feb 2026, 06:19 PM

Fitch Ratings has upgraded Bank of India's (BOI) Viability Rating (VR) to 'bb' from 'bb-', signaling a stronger intrinsic financial profile. The bank's Long-Term Issuer Default Rating (IDR) remains affirmed at 'BBB-' with a Stable Outlook, reflecting high expectations of government support. Key financial metrics have shown marked improvement, with the impaired-loan ratio dropping to 2.3% in 9MFY26 and credit costs reducing to 0.4%. The bank maintains a healthy capital cushion with a CET1 ratio of 15.3%, well above regulatory requirements.

Viability Rating (VR) upgraded to 'bb' from 'bb-' reflecting improved risk profile and asset quality.
Impaired-loan ratio improved significantly to 2.3% in 9MFY26 from 3.3% in the previous year.
Common Equity Tier 1 (CET1) ratio strengthened to 15.3%, providing a 400bp cushion over the rating threshold.
Credit costs declined to 0.4% of loans in 9MFY26, down from 1.0% in FY25.
Fitch affirmed the Long-Term Issuer Default Rating at 'BBB-' with a Stable Outlook.

💡 The upgrade in the Viability Rating confirms the bank's improving fundamental health and better risk management. Investors should monitor if the bank can sustain these asset quality improvements while managing loan growth in a competitive environment.

Bank of India to Exercise Call Option on 9.30% AT1 Bonds Series VII

🟡 NEUTRAL ⭐ 6/10

ROUTINE 📅 17 Feb 2026, 02:49 PM

Bank of India has announced its decision to exercise the call option for its 9.30% Additional Tier I (AT1) Bonds Series VII. The bank has fixed March 13, 2026, as the record date to identify bondholders eligible for the redemption. The total payment, comprising the principal amount and interest for the broken period, will be disbursed on March 30, 2026. This move is a standard capital management procedure for bonds issued in March 2021 and indicates the bank's stable liquidity position.

Exercise of call option for 9.30% Additional Tier I Bonds Series VII (ISIN: INE084A08144)
Record date for determining eligible bondholders is March 13, 2026
Full redemption of principal and interest scheduled for March 30, 2026
Bonds were originally issued on March 30, 2021, with a 5-year call option clause

💡 Bondholders should ensure their bank and demat details are updated by March 13, 2026, to receive the redemption proceeds. Equity investors can view this as a routine capital management activity reflecting healthy liquidity.

India Ratings Reaffirms Bank of India’s Infra and Tier 2 Bonds at ‘IND AA+/Stable’

🟢 POSITIVE ⭐ 7/10

ROUTINE 📅 05 Feb 2026, 06:57 PM

India Ratings has reaffirmed the 'IND AA+/Stable' rating for Bank of India's Infrastructure bonds (₹150 billion) and Tier 2 bonds (₹25 billion). The bank's asset quality has shown significant improvement, with Gross NPA dropping to 2.26% and Net NPA to 0.6% as of 3QFY26. While capital adequacy remains strong at 17.09%, the bank faces pressure on its deposit profile, with the CASA ratio declining to 32.6%. The rating reflects the bank's systemic importance and the high probability of government support given the 73.38% state ownership.

Reaffirmed 'IND AA+/Stable' rating for ₹150 billion Infrastructure and ₹25 billion Tier 2 bonds
Gross NPA improved to 2.26% in 3QFY26 from 3.27% in FY25; Net NPA stands at a low 0.6%
Capital Adequacy Ratio (CAR) remains healthy at 17.09% with a CET-1 ratio of 13.76%
Return on Assets (RoA) improved to 0.96% in 3QFY26, up from 0.70% in FY24
CASA ratio declined to 32.6%, highlighting ongoing challenges in low-cost deposit mobilization

💡 Investors should take confidence in the improving asset quality and stable credit rating which supports the bank's growth outlook. Monitor the bank's deposit growth and CASA ratio as they remain key areas of competitive pressure.

Bank of India Redeems Rs 750 Crore Additional Tier I Bonds via Call Option

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 28 Jan 2026, 06:24 PM

Bank of India has successfully completed the full redemption of its 9.04% Additional Tier I (AT1) Bonds Series VI. The bank exercised its call option on January 28, 2026, repaying a principal amount of Rs 750 crores to bondholders. In addition to the principal, the bank paid broken period interest totaling approximately Rs 56.10 crores. This move effectively clears the outstanding balance for this specific bond series, reflecting the bank's proactive capital management.

Full redemption of 9.04% AT1 Bonds Series VI amounting to Rs 750 crores
Call option exercised on January 28, 2026, as per regulatory norms
Payment of Rs 56,09,75,427 as broken period interest to bondholders
Outstanding amount for ISIN INE084A08136 reduced to Nil post-redemption

💡 This is a routine debt servicing and capital management activity; investors should continue to monitor the bank's overall Capital Adequacy Ratio in future earnings.

Bank of India Q3 FY26 Net Profit Rises 7% YoY to ₹2,705 Cr; NIM Improves to 2.57%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 28 Jan 2026, 05:02 PM

Bank of India reported a steady performance for Q3 FY26, with net profit growing 7% YoY to ₹2,705 crore and operating profit rising 13% to ₹4,193 crore. Asset quality showed significant improvement as Gross NPA fell by 143 bps YoY to 2.26%, while Net NPA reached a low of 0.60%. The bank successfully improved its Global NIM by 16 bps sequentially to 2.57% through portfolio churning and shedding low-yield assets. With a strong corporate pipeline of ₹65,000 crore and robust RAM growth of 18.05%, the management maintains a positive outlook for FY27.

Net Profit increased by 7% YoY to ₹2,705 crore, while Net Interest Income grew 6% to ₹6,461 crore.
Asset quality improved drastically with Gross NPA at 2.26% and Net NPA at 0.60%, supported by a high PCR of 93.60%.
Domestic advances grew 15.16% YoY, led by an 18.05% surge in RAM (Retail, Agri, MSME) segments.
Global NIM expanded by 16 bps sequentially to 2.57% due to strategic churning of low-yielding assets.
Capital Adequacy Ratio (CRAR) remains strong at 17.09% as of December 2025 compared to 16.00% YoY.

💡 Investors should focus on the bank's improving margins and robust asset quality metrics. The strong corporate credit pipeline and focus on high-yield RAM segments provide a positive outlook for earnings growth in FY27.

Bank of India Appoints Usha Ramsinghani as Company Secretary Effective Jan 28, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 27 Jan 2026, 05:11 PM

Bank of India has announced the appointment of Smt. Usha Ramsinghani as the new Company Secretary and Compliance Officer, effective January 28, 2026. She succeeds Shri Rajesh V. Upadhya, who has been transferred to the Zonal Audit Office in Hyderabad. Smt. Ramsinghani is a highly qualified professional with over 13 years of experience, holding CA, CS, and CAIIB certifications. This transition is a routine internal management update and complies with SEBI (LODR) Regulations.

Smt. Usha Ramsinghani appointed as Company Secretary effective January 28, 2026
The appointee holds CA, CS, and CAIIB qualifications with over 13 years of experience
Outgoing officer Shri Rajesh V. Upadhya transferred to Zonal Audit Office, Hyderabad
The change is an internal transfer within the Bank's management structure

💡 Investors should view this as a routine administrative update with no impact on the bank's financial performance or strategic direction.

Bank of India Releases Audio Recording of Q3 FY 2025-26 Earnings Call

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 21 Jan 2026, 07:50 PM

Bank of India has officially released the audio recording of its earnings conference call for the third quarter ended December 31, 2025. The call, which took place on January 21, 2026, involved discussions with analysts and institutional investors regarding the bank's unaudited financial performance. The recording is accessible through the bank's official website as per SEBI (LODR) Regulations. This disclosure provides transparency for stakeholders who were unable to attend the live session.

Earnings call for Q3 FY 2025-26 held on January 21, 2026, from 6:30 PM to 7:30 PM
Audio recording link made available on the bank's investor relations portal
The meeting followed the announcement of unaudited financial results for the quarter ended December 31, 2025
Compliance filing under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

💡 Investors should listen to the recording to understand management's commentary on credit growth, asset quality trends, and margin guidance for the upcoming quarters.

Bank of India Q3 Net Profit Up 7.5% YoY to ₹2,705 Cr; Gross NPA Drops to 2.26%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 21 Jan 2026, 04:56 PM

Bank of India reported a standalone net profit of ₹2,704.67 crore for the quarter ended December 2025, a 7.5% increase from ₹2,516.69 crore in the previous year. The bank's asset quality improved remarkably, with Gross NPA declining to 2.26% from 3.69% YoY and Net NPA falling to 0.60%. Total income for the quarter stood at ₹21,205.95 crore, supported by a 13.2% growth in operating profit. The Capital Adequacy Ratio remains robust at 17.09%, up from 16.00% in the year-ago period.

Standalone Net Profit rose 7.5% YoY to ₹2,704.67 crore from ₹2,516.69 crore
Gross NPA ratio saw a sharp decline to 2.26% from 3.69% YoY and 2.54% QoQ
Net NPA ratio improved to 0.60% from 0.85% in the same quarter last year
Operating Profit increased by 13.2% YoY to ₹4,192.79 crore
Capital Adequacy Ratio (Basel III) improved to 17.09% from 16.00% YoY

💡 The significant improvement in asset quality and healthy capital position make the stock attractive for long-term investors. Monitor the credit growth trajectory in the wholesale and retail segments to ensure sustained profitability.

Bank of India Q3 FY26: Net Profit Rises 7.5% YoY to ₹2,705 Cr; Asset Quality Improves to 2.26% GNPA

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 21 Jan 2026, 04:53 PM

Bank of India reported a steady performance for Q3 FY26, with net profit increasing 7.47% YoY to ₹2,705 crore. The bank's global business grew 12.54% YoY to ₹16.27 lakh crore, driven by a healthy 13.63% growth in advances, particularly in the RAM (Retail, Agri, MSME) segment which grew 18.05%. Asset quality showed significant improvement as Gross NPA fell to 2.26% from 3.69% a year ago, supported by a high Provision Coverage Ratio of 93.60%. While Net Interest Margin (NIM) at 2.57% is lower than last year's 2.80%, it showed a sequential recovery from 2.41% in the previous quarter.

Net Profit grew 7.47% YoY to ₹2,705 Cr, while Operating Profit rose 13.24% to ₹4,193 Cr.
Gross NPA ratio improved significantly to 2.26% from 3.69% YoY; Net NPA stands at 0.60%.
Global Advances increased 13.63% YoY to ₹7,40,314 Cr, led by 20.64% growth in Retail loans.
Net Interest Margin (NIM) recovered sequentially to 2.57% from 2.41% in Q2 FY26.
RAM (Retail, Agri, MSME) advances now constitute 58.54% of gross domestic advances.

💡 Investors should view the sharp reduction in NPAs and the sequential recovery in margins as positive indicators of operational efficiency. The bank's focus on high-growth retail segments provides a stable outlook for future credit growth.

Bank of India Q3FY26 Net Profit Rises 7.5% YoY to ₹2,705 Cr; Asset Quality Improves Sharply

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 21 Jan 2026, 04:47 PM

Bank of India reported a steady Q3FY26 with net profit growing 7.47% YoY to ₹2,705 crores, supported by a 13.24% increase in operating profit. Asset quality showed significant improvement as Gross NPA fell to 2.26% from 3.69% YoY, and Net NPA reached 0.60%. While the domestic Net Interest Margin (NIM) at 2.80% is lower than last year's 2.98%, it showed a healthy sequential recovery from 2.66% in Q2FY26. The bank's global business crossed the ₹16 lakh crore milestone, driven by robust 15.16% growth in domestic advances.

Net Profit for Q3FY26 increased 7.47% YoY to ₹2,705 crores; 9M-FY26 profit rose 14% to ₹7,511 crores.
Gross NPA ratio improved significantly by 143 bps YoY to 2.26%, while Net NPA improved to 0.60%.
Global Advances grew 13.63% YoY to ₹7.40 lakh crores, with Retail advances leading at 20.64% growth.
Domestic NIM recovered to 2.80% from 2.66% in the previous quarter, though down from 2.98% YoY.
Capital Adequacy Ratio (CAR) remains strong at 17.09% with a high Provision Coverage Ratio of 93.60%.

💡 Investors should take confidence in the bank's superior asset quality and the sequential recovery in margins. The strong capital position and double-digit growth in RAM advances make it a stable pick in the PSU banking sector.

View All BANKINDIA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Global Gross Advances grew 13.74% YoY to INR 6,66,047 Cr in FY25. Domestic credit grew 14.45% to INR 5,63,550 Cr. RAM (Retail, Agriculture, MSME) segment grew 17.02% YoY in Q2 FY26. Corporate credit pipeline exceeds INR 50,000 Cr, while RAM pipeline is approximately INR 20,000 Cr.

Geographic Revenue Split

Domestic operations contribute the majority of revenue through 5,375 branches (65% in rural/semi-urban areas). The international portfolio, spanning 15 countries and 22 branches, constitutes 15.76% of total advances as of September 30, 2025.

Profitability Margins

Net Interest Margin (NIM) stood at 2.48% for H1 FY26, down from 2.94% in H1 FY25. Return on Average Assets (ROA) was 0.91% in H1 FY26 compared to 0.95% in FY25. Net Profit for H1 FY26 was INR 4,807 Cr, an 18% increase YoY.

EBITDA Margin

Operating Profit for Q2 FY26 was INR 3,821 Cr, reflecting an 8% YoY decline from INR 4,147 Cr. Pre-provisioning operating profit (PPOP) for FY25 increased 17% to INR 16,412 Cr from INR 14,069 Cr in FY24.

Capital Expenditure

Not disclosed in absolute INR Cr for future periods; however, the bank is making requisite investments in digital banking infrastructure and has set up a new Supply Chain Finance (SCF) Cell at the Head Office to scale business across 76 identified branches.

Credit Rating & Borrowing

The bank maintains healthy capitalization with a CRAR of 16.69% and CET I of 13.89% as of September 2025. Cost of Deposits was 4.85% and Cost of Funds was 4.67% in H1 FY26, benefiting from a granular retail deposit franchise.

⚙️ Operational Drivers

Raw Materials

Cost of Funds (4.67%) and Cost of Deposits (4.85%) serve as the primary 'raw material' costs for banking operations.

Import Sources

Not applicable for banking; sourcing is domestic and international through a granular deposit base across 5,399 branches.

Key Suppliers

Not applicable; the bank relies on a diversified depositor base. Major domestic associates include STCI Finance Ltd (29.96% holding) and ASREC (India) Ltd.

Capacity Expansion

Current network includes 5,399 domestic branches and 22 overseas branches. Expansion is focused on digital channels and specialized cells like the Supply Chain Finance (SCF) Cell.

Raw Material Costs

Interest expended on deposits and borrowings. Cost of deposits remained stable at 4.85% in H1 FY26. The bank's strategy focuses on mobilizing low-cost CASA deposits (39.39% ratio) to safeguard NIM.

Manufacturing Efficiency

Yield on Advances was 7.91% in H1 FY26 compared to 8.51% in H1 FY25. Yield on Investments stood at 6.89%.

Logistics & Distribution

Distribution is handled via 5,399 branches and digital platforms. Operating expenses grew 13% YoY in FY25 to support this network.

📈 Strategic Growth

Expected Growth Rate

12-13%

Growth Strategy

Growth will be driven by a 12-13% target in global advances and 10-11% in global deposits for FY26. Key strategies include focusing on high-yield RAM segments (58.21% of domestic advances), scaling Supply Chain Finance, and utilizing the 'Grameen Credit Score' for rural market penetration.

Products & Services

Retail loans, agricultural credit, MSME loans, corporate credit, supply chain finance, merchant banking, mutual funds, and depository services.

Brand Portfolio

Bank of India (BOI), BOI Merchant Bankers Ltd, BOI Shareholding Ltd, Bank of India Investment Managers Pvt Ltd.

New Products/Services

Launch of Supply Chain Finance (SCF) through 76 branches; exploration of M&A financing, share advance financing, and IPO financing following recent RBI enablers.

Market Expansion

Focus on increasing the RAM segment's share of domestic advances and expanding digital interface to reduce operating costs.

Market Share & Ranking

Sixth-largest Public Sector Bank (PSB) in India in terms of advances as of September 30, 2025.

Strategic Alliances

Joint ventures and associates include STCI Finance Ltd, ASREC (India) Ltd, and international subsidiaries like Bank of India (Uganda) Ltd and PT Bank of India Indonesia, Tbk.

🌍 External Factors

Industry Trends

The industry is shifting toward digital banking and enhanced financial inclusion. BOI is positioning itself by adopting the 'Grameen Credit Score' and revamping Central KYC systems to drive exponential growth.

Competitive Landscape

Competes with other large PSBs and private banks; currently ranks as the 6th largest PSB by advances.

Competitive Moat

Moat is derived from strong Government of India parentage, a massive 5,399-branch network, and a granular retail deposit base (CASA of INR 2.86 lakh Cr). These provide a sustainable competitive advantage in cost of funds.

Macro Economic Sensitivity

Highly sensitive to interest rate cycles and global economic growth, which dictates the 12-13% advances growth guidance.

Consumer Behavior

Increasing shift toward digital banking and demand for specialized credit products like Supply Chain Finance.

Geopolitical Risks

Exposure to 15 countries makes the bank vulnerable to global trade barriers and macroeconomic shifts affecting international corporate clients.

⚖️ Regulatory & Governance

Industry Regulations

Transitioning to Expected Credit Loss (ECL) based provisioning; compliance with RBI's Net Stable Funding Ratio (113.88% achieved) and Statutory Liquidity Ratio (excess SLR of INR 39,076 Cr).

Environmental Compliance

Direct exposure to environmental risks is limited, but credit risk is monitored for asset classes adversely impacted by environmental factors.

Taxation Policy Impact

Taxation for Q2 FY26 was INR 825 Cr, up 13% YoY from INR 731 Cr.

Legal Contingencies

Not disclosed in specific case values; however, the bank monitors asset quality risks and potential legal/business risks through its Risk Management Committee.

⚠️ Risk Analysis

Key Uncertainties

Asset quality remains a monitorable risk with a GNPA of 2.54% and Net Stressed Assets at 15.27% of net worth as of March 2025. Slippage ratio was 1.36% in FY25.