Shares of Bank of India surged sharply in early trade after the state-owned lender reported a steady performance for the third quarter of FY26. The stock gained momentum soon after the opening bell, reflecting positive investor sentiment around the bank’s profitability and asset quality metrics. As of 9:17 AM IST, Bank of India shares were trading 3.47% higher at ₹162.95 on the NSE.
The rally followed the bank’s Q3 FY26 earnings announcement, which showed year-on-year growth across key financial parameters. Net interest income (NII) rose 6% to ₹6,461 crore compared with ₹6,070 crore in the corresponding quarter last year.
Operating profit for the quarter increased 13.2% on a year-on-year basis to ₹4,193 crore, up from ₹3,703 crore in Q3 FY25. Net profit also registered a steady rise, climbing 7.5% to ₹2,705 crore versus ₹2,517 crore in the same period last year.
Provisions saw a sharp increase during the quarter, rising 89.7% to ₹576 crore compared with ₹303 crore a year ago.
On the asset quality front, Bank of India reported continued improvement on a sequential basis. Gross non-performing assets (Gross NPA) declined to 2.26% from 2.54% quarter-on-quarter, while net NPA eased to 0.6% from 0.65% in the previous quarter.
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