Bank of India Q2 FY27 Net Profit Surges 25.34% to ₹3,202 Crore
Bank of India reported a 25.34% YoY increase in Q2 FY27 Net Profit to ₹3,202 Crore. Operating Profit grew 33.19% to ₹5,089 Crore. Global Business rose 21.13% to ₹18,92,601 Crore. Gross NPA improved to 1.60% and Net NPA to 0.42%. RoA stood at 1.01% and RoE at 16.36%.
The significant increase in profitability and improvement in asset quality are material positive developments for the bank, likely to be viewed favorably by investors.
The bank has reported strong year-on-year growth in net profit, operating profit, and key business metrics. Asset quality has also improved, with declining NPA ratios.
Bank of India reported its unaudited reviewed financial results for the second quarter and half-year ended September 30, 2026. The bank witnessed a significant year-on-year (YoY) growth across key performance indicators.
For the second quarter of FY27, Net Profit increased by 25.34% YoY to ₹3,202 Crore, compared to ₹2,555 Crore in Q2 FY26. Operating Profit rose by 33.19% YoY to ₹5,089 Crore from ₹3,821 Crore in the same period last year. Net Interest Income (NII) grew by 18.52% YoY to ₹7,007 Crore, and Non-Interest Income increased by 24.78% YoY to ₹2,770 Crore.
In the first half of FY27, Net Profit improved by 30% YoY to ₹6,270 Crore from ₹4,807 Crore in H1 FY26. Operating Profit also saw a 30% YoY increase, reaching ₹10,140 Crore from ₹7,830 Crore. NII for H1 FY27 was ₹13,840 Crore, a 16% YoY increase, while Non-Interest Income grew by 22% YoY to ₹5,349 Crore.
The bank's Global Business grew by 21.13% YoY to ₹18,92,601 Crore as of September 2026. Global Deposits increased by 21.59% YoY to ₹10,37,530 Crore, and Global Advances rose by 20.58% YoY to ₹8,55,071 Crore. RAM Advances grew by 18.68% YoY, constituting 58.63% of total advances.
Asset quality showed marked improvement, with Gross NPA declining by 24.24% YoY to ₹13,648 Crore and Net NPA declining by 21.47% YoY to ₹3,557 Crore as of September 2026. The Gross NPA ratio improved by 94 bps YoY to 1.60%, and the Net NPA ratio improved by 23 bps YoY to 0.42%. The Provision Coverage Ratio (PCR) stood at 94.45% in September 2026.
Key ratios also improved, with Net Interest Margin (NIM) at 2.47% (Global) and 2.75% (Domestic) for Q2 FY27. Return on Assets (RoA) improved by 10 bps YoY to 1.01%, and Return on Equity (RoE) increased by 142 bps YoY to 16.36%. The Cost to Income Ratio (CIR) improved significantly by 507 bps YoY to 47.95%.
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