Bank of India posts ₹3,202 crore Q2 profit as shares fall 5.6% on lower sequential NIM

Bank of India’s net profit rose to ₹3,202 crore in Q2 FY27, while its shares fell 5.6% on October 26, 2026, after the global net interest margin declined sequentially to 2.47%. Profit increased 25% year on year and 4% sequentially. The global NIM was 2.52% in the previous quarter and 2.41% a year earlier, according to Bank of India.

Bank of India reports ₹3,202 crore profit as income and NII rise

Total income reached ₹23,999 crore, increasing 16% year on year and 6.5% sequentially, Bank of India said. Interest earned rose 15% year on year and 6.4% sequentially to ₹21,229 crore.

Core Net Interest Income of the bank grew by 18.52% YoY to Rs. 7,007 crores versus Rs. 5,912 crores in Q2 FY26. Non-interest income of the bank grew by 24.78% YoY to Rs. 2,770 crores versus Rs. 2,220 crores in Q2 FY26.

Bank of India’s investor presentation showed that profit from exchange transactions increased 157% year on year to ₹411 crore from ₹160 crore. Recovery from written-off accounts increased 190% year on year to ₹978 crore from ₹337 crore.

Global NIM for Q2 FY27 was 2.47% compared to 2.52% in prior quarter and 2.41% in same quarter of prior year. Improvement in year-over-year NIM was 6 basis points.

Bank of India shares fall to ₹123.64 intraday

Share-price data from the day showed Bank of India’s shares dropped 5.6% to an intraday low of ₹123.64 on October 26, 2026. The figure reported above is for the intraday fall.

As of 1:40 PM IST on October 26, 2026, the stock was trading 4.5% lower at price of ₹125.1 as per share-price data. Additionally, the Nifty PSU Bank index was down 0.7% at the said time.

Global deposits reach ₹10,37,530 crore and advances ₹8,55,071 crore

Global deposits grew by 21.59% on year at Rs 10,37,530 million against Rs 8,53,301 million. Overseas deposit growth was at 11.52% on year at Rs 1,37,401 million whereas domestic deposit grew by 23.29% on year at Rs 9,00,129 million.

Year over year growth in global advances was 20.58% at ₹8,55,071 crores versus ₹7,09,145 crores in the year-earlier period. Domestic advances grew by 17.84% at ₹7,03,911 crores versus ₹5,97,350 crores in the year-earlier period, the bank said.

Advances under the RAM scheme have grown by 18.68% on a year-on-year basis to Rs. 4,12,670m, representing 58.63% of the bank’s total gross advances in India and grew from Rs. 3,47,726m.

Gross NPA ratio falls to 1.6% in September 2026

Bank of India’s gross non-performing asset ratio improved to 1.6% as of September 2026 from 2.54% as of September 2025, the bank reported.

Provision coverage ratio as of end September 2026 stood at 94.45% as against 93.39% as of end September 2025. Current account and savings account ratio stood at 34.16% as of September 30.