Bank of India Q2 Update: Global business rises 12% to ₹15.62 lakh crore

State-owned Bank of India (BoI) on Monday (October 6) reported a year-on-year growth of 11.8% in its global business, which rose to ₹15,61,888 crore as of September 30, 2025, from ₹13,97,100 crore a year earlier, according to the bank’s provisional financial results for the second quarter of FY26.

Global deposits grew 10.08% year-on-year to ₹8,53,301 crore from ₹7,75,181 crore a year earlier, while global gross advances rose 13.94% to ₹7,08,587 crore from ₹6,21,919 crore.

On the domestic front, deposits increased 8.53% year-on-year to ₹7,30,097 crore compared to ₹6,72,732 crore in the same period last year. Retail term deposits in the domestic segment stood at ₹3,45,026 crore, marking a 14.15% year-on-year growth.

Also Read: Union Bank of India shares slide after single-digit loan growth for fifth straight quarter

Domestic gross advances climbed 14.62% to ₹5,96,794 crore from ₹5,20,653 crore as of September 2024.

First Quarter Results

Bank of India reported a 32.2% year-on-year (YoY) rise in consolidated net profit for the quarter ended June 2025 at ₹2,252 crore, up from ₹1,703 crore in the same quarter last year. The growth was led by an expansion in advances across retail, MSME and overseas segments.

Global advances grew 12.02% YoY, with domestic loans up 11.24%. Overseas advances rose 16.34%, while retail and MSME loans expanded by 20% and 17%, respectively. Agriculture credit also showed healthy growth of 12%.
Deposits rose 9.07% YoY, with domestic deposits up 9.62%. CASA deposits increased 2.5%, with the CASA ratio at 39.88%.

However, net interest income (NII) contracted by 3.3% YoY to ₹6,068 crore, compared with ₹6,276 crore a year ago, raising concerns over margin pressure. Operating profit for the quarter stood at ₹4,009 crore, up 9% YoY.

Also Read: Razorpay and YES BANK launch RBI-compliant biometric card authentication for online payments

The bank’s asset quality showed sequential moderation. Gross non-performing assets (GNPA) stood at 2.92%, improving 170 basis points YoY but up from 2.89% in the March quarter. Net NPA declined to 0.75% from 0.82% sequentially.

Shares of Bank of India Ltd ended at ₹125.90, up by ₹0.40, or 0.32%, on the BSE.