New Delhi: Bank of India has announced its audited standalone financial results for Q4 and FY26, approving them in a Board meeting held on May 8, 2026. The bank also recommended a dividend of ₹4.65 per equity share, subject to shareholder approval at the upcoming AGM.
The record date for dividend eligibility has been set as May 29, 2026.
Net Profit and Income Show Steady Growth
For FY26, the bank reported a net profit of ₹10,527 crore, marking a 14.19% year-on-year increase.
Key financial highlights include:
- Operating profit: ₹17,049 crore (+3.88%)
- Net interest income (NII): ₹25,172 crore (+3.19%)
- Q4 net profit: ₹3,016 crore (+14.85%)
- Q4 operating profit: ₹5,026 crore (+2.88%)
The bank also reported strong profitability ratios with ROA at 1.01% and ROE at 16.36% in Q4FY26.
Read also: Bank of India to Raise ₹7,500 Crore via Basel III Tier I & Tier II Bonds to Strengthen Capital Base for FY 2026–27
Asset Quality Improves Sharply
Bank of India showed significant improvement in asset quality during FY26.
- Gross NPA reduced to 1.98% (from 3.27%)
- Net NPA improved to 0.56%
- Provision Coverage Ratio rose to 93.57%
- Slippage ratio improved to 0.83%
- Credit cost declined to 0.48%
This reflects stronger risk management and better recovery performance.
Business Growth Across Segments
The bank posted strong expansion in its overall business:
- Global business: ₹16.99 lakh crore (+14.57%)
- Deposits: ₹9.27 lakh crore (+13.56%)
- Advances: ₹7.71 lakh crore (+15.82%)
- Overseas advances: ₹1.17 lakh crore (+14.25%)
Strong Growth in Retail, MSME, and Agriculture
- Retail advances: +21.19%
- MSME advances: +17.68%
- Agriculture advances: +17.60%
- Corporate advances: +12.08%
RAM (Retail, Agriculture, MSME) portfolio now stands at 58.74% of total advances.
Strong Capital Position and Digital Expansion
The bank remains well-capitalized:
- CRAR: 18.01%
- CET-1 ratio: 15.05%
Digital growth also remained strong:
- UPI customers: 271+ lakh
- Digital transactions: 7.6 billion (+22%)
This highlights rapid adoption of digital banking channels.
Dividend and Shareholder Update
Bank of India has recommended a dividend of ₹4.65 per share (46.50%) on a face value of ₹10. The dividend is subject to approval at the AGM.
Auditor’s Report Confirms Clean Results
The statutory auditors issued an unmodified (clean) audit opinion, confirming full compliance with regulatory requirements under SEBI norms.
Stock Performance
Following the results announcement, Bank of India shares closed at ₹139.75, slightly lower by 0.39% on the BSE.
About Bank of India (BOI)
Bank of India is a major public sector bank in India with a strong domestic and international presence. It offers a wide range of banking services including retail, corporate, MSME, and agricultural financing. The bank continues to focus on improving asset quality, expanding digital banking, and strengthening its financial performance.
