Bank of India shares climbed nearly 3% in early trade on Wednesday, July 30, following the announcement of its Q1FY26 results. The stock opened at ₹112.90 and touched an intraday high of ₹115.39, compared to the previous close of ₹112.17. As of 9:23 AM, the shares were trading 2.87% higher at Rs 115.39.
In the April-June quarter, Bank of India posted a 32.2% year-on-year rise in net profit, which came in at ₹2,252 crore, up from ₹1,703 crore in the same period last year. However, Net Interest Income (NII) declined by 3.3% to ₹6,068 crore from ₹6,276 crore in Q1FY25.
Asset quality showed clear improvement. Gross NPA fell to 2.92% from 3.27% in the previous quarter, while Net NPA dropped to 0.75% from 0.82%, highlighting better credit discipline and recoveries.
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