Bank of India Q4 Net Profit Rises 15% on Strong Interest Income
State-owned Bank of India reported a 15 percent year-on-year increase in net profit to Rs 3,016 crore for the fourth quarter ended March 2026. This growth was primarily driven by an 11 percent rise in net interest income to Rs 6,730 crore and significant improvements in asset quality. Gross non-performing assets (GNPAs) declined substantially to Rs 15,306 crore, lowering the gross NPA ratio to 1.98 percent from 3.27 percent in the previous year. Additionally, provisions for bad loans decreased by 10 percent. However, non-interest income fell by 6 percent due to lower treasury gains. The bank's net interest margin slightly moderated to 2.58 percent, with management projecting a range of 2.70-2.75 percent for the next fiscal year. Global advances grew by 15.8 percent to Rs 7.71 trillion, while deposits increased by 13.6 percent. Despite a slight moderation in the CASA ratio, the bank strengthened its capital adequacy ratio to 18.01 percent. CEO Rajneesh Karnatak noted challenges regarding deposit costs amid global economic headwinds but expressed optimism for future cost reductions as market conditions stabilize.
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Bank of India Q4 Net Profit Rises 15% on Strong Interest Income
State-owned Bank of India reported a 15 percent year-on-year increase in net profit to Rs 3,016 crore for the fourth quarter ended March 2026. This growth was primarily driven by an 11 percent rise in net interest income to Rs 6,730 crore and significant improvements in asset quality. Gross non-performing assets (GNPAs) declined substantially to Rs 15,306 crore, lowering the gross NPA ratio to 1.98 percent from 3.27 percent in the previous year. Additionally, provisions for bad loans decreased by 10 percent. However, non-interest income fell by 6 percent due to lower treasury gains. The bank's net interest margin slightly moderated to 2.58 percent, with management projecting a range of 2.70-2.75 percent for the next fiscal year. Global advances grew by 15.8 percent to Rs 7.71 trillion, while deposits increased by 13.6 percent. Despite a slight moderation in the CASA ratio, the bank strengthened its capital adequacy ratio to 18.01 percent. CEO Rajneesh Karnatak noted challenges regarding deposit costs amid global economic headwinds but expressed optimism for future cost reductions as market conditions stabilize.
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