Bank of India reports strong Q2 FY26 performance, advances and deposits grow

Bank of India’s unaudited financial results for the second quarter/half-year ended September 30, 2025, highlight a notable increase in Global Advances by 14.03% and Global Deposits by 10.08% year-over-year. The bank reported an Operating Profit of ₹7,830 crores for H1-FY26 and ₹3,821 crores for Q2FY26, with Net Profit rising by 18% YoY to ₹4,807 crores for H1-FY26 and 8% YoY to ₹2,555 crores for Q2FY26. Asset quality also improved, with Gross NPA ratio decreasing by 187 bps YoY to 2.54% and Net NPA ratio by 29 bps YoY to 0.65%. The Provision Coverage Ratio (PCR) improved by 117 bps YoY to 93.39%.

The bank’s Capital Adequacy Ratio (Basel III) stood at 16.69% at the end of H1-FY26. Digital initiatives saw the addition of 7 Lakh+ UPI customers in Q2-FY26, bringing the total to 235 Lakh+, with alternate channels handling approximately 96% of total transactions. Key products offered through its e-platform include Star Home Loan and KCC – Crop Loan.

Regarding compliance, the auditors' report stated that the bank has not complied, in all material respects, with the covenants for listed Bonds as of September 30, 2025. There were no deviations or variations in the use of proceeds from a listed Non-Convertible Debt Securities issue. Total financial indebtedness for the listed entity amounted to ₹1,17,931.80 as of September 30, 2025.