Bank of India's net profit up 8% in Q2 FY26

Bank of India reported an 8% increase in net profit year-on-year, reaching 2,555 crore rupees for Q2 FY26. For the half-year ended September 25, net profit surged over 18% year-on-year to 4,800 crore rupees, with an estimated full-year net profit of 10,000 crore rupees. The bank's operating profit for Q2 FY26 stood at 3,821 crore rupees, with global NIM at 2.41% for the quarter and 2.48% for the half-year.

The bank's global business grew by 11.83% year-on-year to 15,62,000 crore rupees in September 2025, driven by a 14.03% increase in global gross advances to 7,09,000 crore rupees. Domestic gross advances saw a 14.73% rise to 5,97,000 crore rupees, while RAM advances grew by 17.02% to 3,40,000 crore rupees. Asset quality improved, with gross NPA ratio decreasing by 187 basis points to 2.54% and net NPA ratio falling by 29 basis points to 0.85% in Q2 FY26.

Bank of India projects global advances growth of 12-13% and global deposit growth of 10-11% for FY26. The bank anticipates a full repricing in the liability side during Q3 FY26, which is expected to improve NIM from Q4 FY26 onwards. The ROA guidance for FY26 is around 0.90%, showing an improvement to 0.91% in Q2 FY26.