Bank of India (BOI) has announced its financial results for the first quarter of FY26, showcasing a strong improvement in profitability despite a marginal decline in core income.
The bank reported a 32.2% year-on-year jump in net profit, which rose to ₹2,252 crore in Q1 FY26 from ₹1,703 crore in the same quarter last year. However, the Net Interest Income (NII) saw a decline of 3.3%, coming in at ₹6,068 crore compared to ₹6,276 crore in Q1 FY25.
On the asset quality front, Bank of India delivered a steady performance. The Gross Non-Performing Assets (GNPA) ratio improved to 2.92% from 3.27% in the previous quarter. Similarly, Net NPA declined to 0.75%, down from 0.82% sequentially.
In the meantime, Bank of India shares closed at ₹112.30 on July 29, slightly higher than the opening price of ₹111.31. During the day, the stock touched a high of ₹112.71 and a low of ₹110.30. The stock remains below its 52-week high of ₹130.24 and above the 52-week low of ₹90.05.
