ICRA assigns [ICRA]AA+ (Stable) to Bank of India's Basel III Tier II bonds
ICRA assigns [ICRA]AA+ (Stable) to Bank of India's ₹2,500 crore Basel III Tier II bonds, factoring in strong capital, declining stressed assets, and government support. GNPA and NNPA declined to 2.54% and 0.65% respectively as on September 30, 2025.
The credit rating upgrade is likely to have a moderate positive impact. A higher credit rating can reduce borrowing costs and improve investor confidence. The reaffirmation of the rating reflects a stable outlook for the bank.
ICRA's assignment of a AA+ rating with a stable outlook indicates a positive assessment of the bank's creditworthiness and financial stability. The rating reflects confidence in the bank's ability to meet its financial obligations.
* ICRA has assigned a rating of [ICRA]AA+ (Stable) to Bank of India's Basel III Tier II bonds worth ₹2,500 crore. * The rating factors in Bank of India’s (BoI) strong capital position and continuous improvement in its solvency level due to the declining net stressed assets level. * It also considers the sovereign ownership and the demonstrated track record of capital support from the Government of India (GoI). * The bank’s core equity capital (CET I) and Tier I capital stood at 13.89% and 14.49% (excluding H1 FY2026 profit), respectively, as on September 30, 2025. * The gross NPA (GNPA) and NNPA declined to 2.54% and 0.65%, respectively, as on September 30, 2025. * BoI reported a net profit of ₹4,807 crore in H1 FY2026 on a total asset base of ₹10.69 lakh crore as on September 30, 2025. * The bank expects to achieve an RoA of 1% by the exit quarter of FY2026.
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Bank of India filed this with the NSE as a statutory disclosure, categorised under credit ratings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Bank of India. Read the original for the full detail.