Bank of India Infuses Rs.22.64 Crores in Associate ASREC (India) Limited, Equity Stake Rises to 27.30%

Bank of India has released its audited financial results (standalone and consolidated) for Q4/FY26 and the full financial year ended March 31, 2026, approved under Regulation 33 on May 8, 2026. The bank reported strong profitability, broad-based business growth, significant improvement in asset quality — highlighted by a slippage ratio falling 53 bps YoY to 0.83% for FY26 and a further improvement to 0.18% in Q4/FY26 (down 14 bps YoY) — along with strengthened capital ratios. The bank has also recommended a dividend of Rs. 4.65 per share for FY2025-26, with the Annual General Meeting (AGM) scheduled for June 15, 2026.

Profitability Highlights

Bank of India delivered robust earnings for both Q4/FY26 and the full year FY26. Net profit for FY26 grew 14.19% YoY to ₹10,527 crore, while net profit for Q4/FY26 increased 14.85% YoY to ₹3,016 crore. Net Interest Income (NII) for FY26 increased 3.19% YoY. Return on Assets (ROA) and Return on Equity (ROE) for Q4/FY26 stood at 1.01% and 16.36% respectively. The following table summarizes key profit and loss metrics:

Particulars: Q4 FY25 (₹ Cr) Q4 FY26 (₹ Cr) YoY (%) FY25 (₹ Cr) FY26 (₹ Cr) YoY (%) Interest Income: 18,323 19,476 6.29 70,826 75,160 6.12 Interest Expenses: 12,260 12,746 3.96 46,432 49,988 7.66 Net Interest Income: 6,063 6,730 11.01 24,394 25,172 3.19 Operating Profit: 4,885 5,026 2.88 16,412 17,049 3.88 Net Profit (PAT): 2,626 3,016 14.85 9,219 10,527 14.19 NIM % (Global): 2.61 2.58 -3 bps 2.82 2.52 -30 bps ROA (%): 0.98 1.01 3 bps 0.90 0.93 3 bps

Global and Domestic Net Interest Margin (NIM) for FY26 stood at 2.52% and 2.78% respectively, while for Q4/FY26 they stood at 2.58% and 2.84% respectively. Provisions before tax declined 26% YoY in Q4/FY26 to Rs. 990 Cr, and for the full year declined 22% to Rs. 3,103 Cr. Total operating expenses for Q4/FY26 were Rs. 4,914 Cr, up 7% YoY.

Business Performance

Bank of India's global business mix expanded to Rs. 16,98,662 Cr as on March 31, 2026, registering a growth of 14.57% YoY. Global deposits grew 13.56% YoY to Rs. 9,27,271 Cr, while global advances increased 15.82% YoY to Rs. 7,71,391 Cr. The following table captures key business metrics:

Particulars: Mar-25 (₹ Cr) Dec-25 (₹ Cr) Mar-26 (₹ Cr) YoY (%) QoQ (%) Business Mix: 14,82,588 16,27,602 16,98,662 14.57 4.37 Global Deposits: 8,16,541 8,87,288 9,27,271 13.56 4.51 — Overseas: 1,16,243 1,21,789 1,26,828 9.11 4.14 — Domestic: 7,00,298 7,65,499 8,00,443 14.30 4.56 — Domestic CASA: 2,80,316 2,89,620 3,00,765 7.30 3.85 CASA Ratio (%): 40.29 37.97 37.64 — — Global Advances: 6,66,047 7,40,314 7,71,391 15.82 4.20 — Overseas: 1,02,497 1,11,234 1,17,099 14.25 5.27 — Domestic: 5,63,550 6,29,080 6,54,292 16.10 4.01 — RAM Advances: 3,22,676 3,67,463 3,84,327 19.11 4.59 RAM Share (%): 57.26 58.41 58.74 — —

CASA deposits reached Rs. 3,00,765 Cr, with CASA ratio at 37.64% as on March 31, 2026. Retail advances increased 21.19% YoY, MSME advances grew 17.68% YoY, agriculture advances rose 17.60% YoY, and corporate advances grew 12.08% YoY.

Retail Loan Portfolio

The retail loan book grew 21.19% YoY to Rs. 1,62,025 Cr. Key segments within the retail portfolio are detailed below:

Particulars: 31.03.25 (₹ Cr) 31.12.25 (₹ Cr) 31.03.26 (₹ Cr) YoY (%) Home Loans: 67,826 76,061 79,178 16.74 Vehicle Loans: 20,828 23,925 24,726 18.72 Education Loans: 3,969 4,161 4,590 15.65 Mortgage Loans: 10,758 14,430 15,617 45.17 Personal Loans: 12,670 13,052 13,168 3.93 Others: 17,648 22,578 24,746 40.22 Total Retail Loans: 1,33,699 1,54,207 1,62,025 21.19

Priority Sector and Corporate Advances

Priority sector advances stood at Rs. 2,48,887 Cr, representing 46.36% of ANBC against the regulatory target of 40%. Agriculture advances were at Rs. 1,05,022 Cr (19.56% of ANBC). Direct exposure to the real estate sector reached Rs. 1,00,026 Cr, including residential mortgages of Rs. 95,707 Cr and CRE of Rs. 4,319 Cr. NBFC (including HFCs) exposure stood at Rs. 78,864 Cr. The corporate rated book totalled Rs. 1,00,055 Cr, with 76% rated AAA as on March 31, 2026, and investment-grade accounts forming 90% of the standard corporate advances portfolio.

Asset Quality

Bank of India's asset quality showed marked improvement across all key parameters, with the slippage ratio for FY26 declining 53 bps YoY to 0.83% — and an even sharper improvement in Q4/FY26, where the slippage ratio fell 14 bps YoY to just 0.18%. Gross NPA ratio improved by 129 bps YoY to 1.98% and also improved on a sequential basis from 2.26% in Q3 FY26. Net NPA ratio improved by 26 bps YoY to 0.56%, down from 0.60% in the previous quarter. Provision Coverage Ratio (PCR) improved by 118 bps YoY to 93.57%. The following table presents the asset quality trend:

Particulars: FY25 (%) Q3 FY26 (%) FY26 (%) YoY (bps) Gross NPA Ratio: 3.27 2.26 1.98 -129 Net NPA Ratio: 0.82 0.60 0.56 -26 PCR: 92.39 — 93.57 +118 Slippage Ratio: 1.36 — 0.83 -53 Credit Cost: 0.76 — 0.48 -28

In absolute terms, Gross NPA declined to Rs. 15,306 Cr from Rs. 21,749 Cr a year earlier, while Net NPA stood at Rs. 4,250 Cr. Fresh slippages for Q4/FY26 were Rs. 1,269 Cr, lower than Rs. 1,913 Cr in Q4/FY25. Cash recoveries for the quarter stood at Rs. 1,773 Cr. The SMA (Special Mention Accounts) Grand Total declined to Rs. 4,713 Cr (0.62% of standard advances) from Rs. 5,921 Cr (0.92%) a year earlier.

Capital Adequacy

Bank of India's capital position remained robust. Capital Adequacy Ratio (CRAR) as on March 31, 2026 stands at 18.01%, up 24 bps YoY. CET-1 capital stood at Rs. 74,794 Cr with a CET-1 ratio (including CCB) of 15.05%, against the regulatory minimum of 8.00%. Tier II capital was Rs. 13,189 Cr with a Tier II ratio of 2.65%.

Capital Metric: FY25 (%) FY26 (%) YoY (bps) CET-1 Ratio: 14.84 15.05 +21 Tier-1 Ratio: 15.47 15.36 -11 CRAR: 17.77 18.01 +24

The Government of India continues to hold 73.38% of the bank's shares as on March 31, 2026. Life Insurance Corporation holds 8.10%, Indian public 4.54%, and others 13.98%.

Overseas Operations and Subsidiaries

Bank of India's overseas network spans 21 branches, 4 subsidiaries, 1 associate, 1 representative office, and 1 IFSC Banking Unit (IBU) at GIFT City, covering 5 continents and 15 countries. Overseas deposits stood at Rs. 1,26,828 Cr and overseas advances at Rs. 1,17,099 Cr, registering growth of 14.25% YoY. Overseas operating profit was Rs. 2,221 Cr and gross NPA was Rs. 157 Cr. Domestic subsidiaries include BOI Merchant Bankers Ltd., BOI Services Ltd., Bank of India Investment Managers Pvt. Ltd., and Bank of India Trustee Service Pvt. Ltd.

Digital Banking and Infrastructure

Bank of India's digital banking initiatives recorded strong traction during FY26. Over 51 lakh+ customers were added during FY26, taking total UPI customers to 271 lakh+. Transactions through Alternate Delivery Channels increased to 7.6 billion, with a growth of 22% YoY. The bank's analytics platform generated business of Rs. 11,419 Cr through 35 live use-cases. Over 150+ APIs are live with 50+ external entities integrated. The bank automated 48 processes, saving more than 68,000+ man-hours. Digitally generated savings/TDR volume grew 32% and value grew 40% to Rs. 4,232 Cr on omni platforms. The bank onboarded 71 lakh+ debit cards and 1.3 lakh+ POS/QR codes during FY26. As on March 31, 2026, the bank had 51,010 total employees, including 15,252 female employees, with business per employee at Rs. 3,343 lakhs and profit per employee at Rs. 20.72 lakhs.

Dividend Recommendation and Bond Utilization

Bank of India has recommended a dividend of Rs. 4.65 per share for FY2025-26, subject to shareholder approval at the AGM on June 15, 2026. The bank also disclosed full utilization of proceeds from a Long Term (Infra) Bond raised via private placement, with the audited results approved under Regulation 33 on May 8, 2026 confirming no deviation or variation in the use of funds raised through non-convertible securities for the quarter ending March 31, 2026:

Parameter: Details Type of Instrument: Long Term (Infra) Bond Mode of Raising: Private Placement Date of Raising Funds: December 26, 2025 Amount Raised: Rs. 10,000 Crore Funds Utilized: Rs. 10,000 Crore Deviation: No Remarks: Funds utilized in compliance with RBI Direction RBI/DoR/2025-26/152 dated November 28, 2025

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