Bank of India’s Q3FY26 net profit up 7% at ₹2,705 crore

Bank of India (BoI) posted a 7% year-on-year rise in standalone net profit to ₹2,705 crore for Q3FY26, driven by robust growth in other income alongside stable loan loss provisions and improved asset quality.

The Mumbai-based public sector bank had recorded a net profit of ₹2,517 crore during the same quarter last fiscal year.

Net interest income grew 6% year-on-year to ₹6,461 crore (₹6,070 crore in Q3FY25).

Other income surged 30% year-on-year to ₹2,279 crore (₹1,747 crore), aided by higher fee-based earnings, treasury gains, and recoveries from written-off accounts.

Provisions for non-performing assets (NPAs) remained nearly unchanged at ₹605 crore (₹603 crore). However, write-backs from provisions dropped significantly to ₹29 crore compared to ₹299 crore in the year-ago period.

The bank’s net interest margin (NIM) contracted to 2.57% (from 2.80% in Q3FY25) but improved sequentially from 2.41% in Q2FY26.

Gross NPAs improved to 2.26% of gross advances as of December 2025 (3.69% as of December 2024), while net NPAs declined to 0.60% (0.85%).

Global advances expanded 14% year-on-year to ₹7,40,314 crore by December 2025, with domestic loans growing 15% to ₹6,29,080 crore. Retail, agriculture, and MSME loans led this growth at 18%, while corporate advances rose 11%.

Global deposits increased 12% year-on-year to ₹8,87,288 crore, with domestic deposits climbing 13% to ₹7,65,499 crore.

Published on January 21, 2026