Mumbai: Bank of India (BOI) has reported strong year-on-year growth across its key business parameters for the quarter ended September 30, 2026, with global business, deposits and gross advances recording double-digit growth.
According to the bank’s provisional business figures for the second quarter of FY 2026-27, global business increased 21.07% year-on-year (YoY) to ₹18,91,663 crore. Global deposits rose 21.60% to ₹10,37,618 crore, while global gross advances grew 20.43% to ₹8,54,045 crore.
The bank also recorded strong growth across its domestic operations, particularly in deposits and the Retail, Agriculture and MSME (RAM) segment.
Bank of India Global Business Grows 21.07% YoY
Bank of India’s global business stood at ₹18,91,663 crore as of September 30, 2026, compared with the corresponding period last year, registering a 21.07% YoY increase.
The growth was supported by expansion in both deposits and advances.
Key Global Business Highlights
- Global Business: ₹18,91,663 crore, up 21.07% YoY
- Global Deposits: ₹10,37,618 crore, up 21.60% YoY
- Global Gross Advances: ₹8,54,045 crore, up 20.43% YoY
The figures indicate continued expansion in the bank’s overall business operations during the quarter.
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Domestic Deposits Rise 23.30% to ₹9 Lakh Crore
Bank of India’s domestic operations also recorded strong growth during the quarter.
Domestic deposits increased 23.30% YoY to ₹9,00,218 crore, growing faster than the bank’s global deposit base.
Meanwhile, domestic gross advances stood at ₹7,03,085 crore, registering a 17.70% YoY increase.
Domestic Business Performance
- Domestic Deposits: ₹9,00,218 crore, up 23.30% YoY
- Domestic Gross Advances: ₹7,03,085 crore, up 17.70% YoY
- Domestic RAM Advances: ₹4,12,271 crore, up 18.57% YoY
RAM Advances Grow 18.57% to ₹4.12 Lakh Crore
The bank’s RAM advances, covering Retail, Agriculture and MSME lending, continued to show healthy growth.
Domestic RAM advances increased 18.57% YoY to ₹4,12,271 crore as of September 30, 2026.
The growth reflects continued expansion across the retail, agriculture and MSME lending segments.
Bank of India Business Growth Compared With June 2026
Bank of India also reported sequential growth across its major business parameters compared with June 30, 2026.
- Global Business: ₹17,55,699 crore → ₹18,91,663 crore
- Global Deposits: ₹9,57,924 crore → ₹10,37,618 crore
- Global Gross Advances: ₹7,97,775 crore → ₹8,54,045 crore
- Domestic Deposits: ₹8,24,963 crore → ₹9,00,218 crore
- Domestic Gross Advances: ₹6,73,833 crore → ₹7,03,085 crore
- RAM Advances: ₹3,92,833 crore → ₹4,12,271 crore
The sequential numbers show an increase across all major business parameters during the quarter.
Domestic Deposits Grow Faster Than Advances
The provisional figures show that domestic deposits grew 23.30% YoY, compared with 17.70% growth in domestic gross advances.
This indicates that the bank’s domestic deposit base expanded at a faster pace than credit deployment during the period.
At the global level, however, both deposits and advances recorded growth of more than 20%, highlighting broad-based expansion in the bank’s overall business.
Bank of India Highlights Strong Growth Across Key Segments
The provisional Q2 FY27 figures show double-digit growth across the bank’s global and domestic business parameters.
Key takeaways include:
- Global business crossed ₹18.91 lakh crore.
- Global deposits crossed ₹10.37 lakh crore.
- Global gross advances crossed ₹8.54 lakh crore.
- Domestic deposits reached ₹9 lakh crore.
- Domestic gross advances stood at more than ₹7.03 lakh crore.
- RAM advances crossed ₹4.12 lakh crore.
- All major reported parameters recorded year-on-year growth.
Provisional Figures Subject to Statutory Auditor Review
Bank of India has clarified that the business figures released for the quarter ended September 30, 2026, are provisional.
The figures remain subject to review by the bank’s Statutory Central Auditors. The final financial and business numbers may therefore be updated following the completion of the review process.
About Bank of India
Bank of India (BOI) is a public sector bank headquartered in Mumbai. Established in 1906, the bank provides a wide range of banking and financial services across retail, agriculture, MSME, corporate and other segments through its domestic and international operations.
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