Bank Of India
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Other Retail Banking-Retail Banking Operations: 38.4% • Wholesale Banking Operations: 34.5% • Treasury Operations: 27.1%
AI Sector View
AI GENERATEDFinancial Services
Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.
PROS
- Company has delivered good profit growth of 35.6% CAGR over last 5 years
- Comfortable capital adequacy - CAR of 18.0%
- Asset quality is healthy - gross NPA of just 2.0%
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 77.9% YoY, showing strong momentum
- Strong provisioning - provision coverage ratio of 93.8%
CONS
- A large part of profit comes from other income (74.1% of PBT)
- Operating margins have contracted to 22.8% from 27.8%
- Equity base is being diluted - shares outstanding up 10.9%
- Thin net interest margin of 2.2%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SBIN | 1004.50 | 10.76 | 927215.54 | 1.73 | 24579.04 | 13.65 | 136240.49 | 8.36 | 12.16 | 52.34 |
| UNIONBANK | 180.80 | 6.69 | 138015.59 | 2.77 | 5368.17 | 29.77 | 27427.10 | 1.21 | 14.57 | 69.42 |
| PNB | 116.85 | 6.08 | 134295.04 | 2.57 | 5339.15 | 191.40 | 33589.17 | 3.12 | 13.26 | 75.40 |
| BANKBARODA | 238.00 | 6.78 | 123078.42 | 3.57 | 1572.59 | -53.08 | 35114.52 | 6.84 | 11.20 | 33.10 |
| INDIANB | 860.00 | 9.06 | 115838.90 | 2.12 | 3299.48 | 48.73 | 18095.14 | 11.11 | 16.28 | 67.14 |
| CANBK | 124.20 | 5.67 | 112657.49 | 3.38 | 4864.08 | 61.96 | 32957.16 | 4.55 | 14.46 | 68.47 |
| MAHABANK | 84.10 | 8.58 | 64685.98 | 2.62 | 2020.54 | 26.83 | 8034.65 | 13.90 | 16.53 | 68.61 |
| BANKINDIA | 142.00 | 5.49 | 64647.88 | 3.27 | 3138.46 | 77.92 | 20096.90 | 8.83 | 10.97 | 73.18 |
| IOB | 32.83 | 10.61 | 63219.38 | 0.00 | 1659.24 | 49.25 | 8777.57 | 18.82 | 11.31 | 54.56 |
| UCOBANK | 23.92 | 12.15 | 29994.63 | 1.84 | 652.43 | 24.09 | 6744.59 | 15.10 | 11.00 | 54.71 |
| CENTRALBK | 30.79 | 6.11 | 27869.26 | 3.90 | 1328.95 | 5.43 | 9725.90 | 12.79 | 8.27 | 67.83 |
| PSB | 22.59 | 11.58 | 16028.93 | 1.73 | 331.51 | 23.16 | 3213.37 | 10.40 | 9.07 | 71.38 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 14,442 | 15,062 | 15,319 | 16,250 | 17,046 | 17,466 | 18,317 | 18,479 | 18,467 | 18,521 | 19,052 | 19,573 | 20,097 | |
| Interest Expended | 8,467 | 9,256 | 9,792 | 10,242 | 10,693 | 11,403 | 12,166 | 12,333 | 12,321 | 12,530 | 12,504 | 12,785 | 13,156 |
| Net Interest Income | 5,975 | 5,806 | 5,527 | 6,009 | 6,353 | 6,063 | 6,152 | 6,146 | 6,146 | 5,992 | 6,548 | 6,789 | 6,941 |
| 1,484 | 1,717 | 1,202 | 1,830 | 1,338 | 2,532 | 1,780 | 3,455 | 2,211 | 2,218 | 2,327 | 3,280 | 2,615 | |
| Total Income | 0 | 0 | 0 | 0 | 18,384 | 19,998 | 20,098 | 21,934 | 20,678 | 20,740 | 21,379 | 22,853 | 22,712 |
| Operating Expenses | 0 | 0 | 0 | 0 | 39,637 | 43,941 | 41,687 | 46,834 | 42,869 | 43,575 | 46,194 | 49,868 | 4,418 |
| Operating Profit | 0 | 0 | 0 | 0 | 37,270 | 42,006 | 37,632 | 49,175 | 40,699 | 38,525 | 42,556 | 50,815 | 5,138 |
| Provisions & Contingencies | 0 | 0 | 0 | 0 | 13,050 | 10,623 | 3,165 | 13,663 | 11,121 | 4,917 | 5,820 | 10,022 | 971 |
| Profit before Tax | 2,880 | 2,977 | 2,539 | 1,797 | 2,422 | 3,138 | 3,447 | 3,551 | 2,439 | 3,361 | 3,674 | 4,079 | 4,167 |
| Tax % | 47.87% | 50.00% | 25.34% | 16.58% | 28.40% | 23.57% | 25.76% | 25.45% | 27.68% | 24.85% | 25.14% | 25.24% | 24.68% |
| Net Profit | 0 | 0 | 0 | 0 | 1,734 | 2,399 | 2,559 | 2,648 | 1,764 | 2,526 | 2,750 | 3,050 | 3,138 |
| EPS | 4 | 4 | 5 | 3 | 4 | 5 | 6 | 6 | 4 | 6 | 6 | 7 | 1 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 61,073 | 71,308 | 75,613 | — | |
| Interest Expended | 27,606 | 27,679 | 27,207 | 27,191 | 26,421 | 24,083 | 27,441 | 37,757 | 46,594 | 50,139 | 50,975 |
| Net Interest Income | -27,606 | -27,679 | -27,207 | -27,191 | -26,421 | -24,083 | -27,441 | 23,317 | 24,714 | 25,474 | — |
| 6,819 | 5,846 | 4,791 | 6,809 | 6,897 | 8,011 | 7,211 | 6,233 | 9,105 | 10,036 | 10,441 | |
| Total Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67,306 | 80,412 | 85,650 | 87,684 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,306 | 17,210 | 18,251 | — | |
| Operating Profit | -27,606 | -27,679 | -27,207 | -27,191 | -26,421 | -24,083 | -27,441 | 14,243 | 16,608 | 17,260 | — |
| 121 | 1,469 | 1,066 | 342 | 869 | 397 | 6,531 | 4,050 | 4,050 | 3,707 | — | |
| Profit before Tax | -2,412 | -8,660 | -8,658 | -4,570 | 3,278 | 5,574 | 6,099 | 10,193 | 12,558 | 13,553 | 15,281 |
| Tax % | -0.00% | -0.00% | -0.00% | -0.00% | 0.00% | 0.00% | 0.00% | 37.36% | 25.63% | 25.56% | 24.98% |
| Net Profit | -1,594 | -6,073 | -5,497 | -2,929 | 2,199 | 3,406 | 3,882 | 6,385 | 9,339 | 10,089 | 11,464 |
| EPS | -15 | -52 | -29 | -9 | 6 | 9 | 9 | 14 | 21 | 23 | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 6%
- 5 Years:
- 13%
- 3 Years:
- 16%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 38%
- 3 Years:
- 39%
STOCK PRICE CAGR
- 10 Years:
- 2%
- 5 Years:
- 20%
- 3 Years:
- 12%
- 1 Year:
- 19%
RETURN ON EQUITY
- 10 Years:
- 1%
- 5 Years:
- 11%
- 3 Years:
- 13%
- Last Year:
- 13%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 1,055 | 1,743 | 2,759 | 3,277 | 3,277 | 4,104 | 4,104 | 4,553 | 4,553 | 4,553 |
| 30,852 | 35,013 | 40,254 | 41,795 | 43,703 | 52,418 | 56,329 | 66,028 | 76,172 | 85,405 | |
| 5,42,352 | 5,22,997 | 5,22,555 | 5,57,386 | 6,29,098 | 6,29,981 | 6,72,194 | 7,40,611 | 8,19,806 | 9,30,973 | |
| 39,491 | 43,598 | 44,265 | 39,752 | 32,464 | 26,821 | 65,015 | 80,960 | 1,23,869 | 1,18,626 | |
| Other Liabilities & Provisions | 16,472 | 11,674 | 16,250 | 20,655 | 21,088 | 29,678 | 28,237 | 31,967 | 31,862 | 39,815 |
| Total Liabilities | 6,32,026 | 6,15,184 | 6,30,884 | 6,63,019 | 7,32,790 | 7,43,131 | 8,26,036 | 92 | 106 | 118 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 27,544 | 31,575 | 29,322 | 29,447 | 60,930 | 40,530 | 44,382 | 38,894 | 52,126 | 47,660 | |
| Balances with Banks & Money at Call | 68,920 | 64,449 | 65,538 | 57,163 | 65,763 | 51,179 | 40,302 | 44,229 | 48,711 | 51,929 |
| 1,30,751 | 1,40,321 | 1,50,905 | 1,62,323 | 1,91,693 | 1,80,274 | 2,11,324 | 2,34,592 | 2,68,002 | 2,79,084 | |
| 3,68,329 | 3,43,289 | 3,42,966 | 3,70,644 | 3,67,667 | 4,23,001 | 4,88,688 | 5,66,644 | 6,53,518 | 7,64,651 | |
| 8,349 | 8,192 | 8,799 | 8,765 | 8,637 | 9,570 | 9,950 | 10,178 | 11,865 | 11,670 | |
| 27,935 | 27,200 | 33,153 | 34,385 | 37,735 | 38,291 | 31,281 | 29,594 | 22,020 | 24,350 | |
| Total Assets | 6,32,026 | 6,15,184 | 6,30,884 | 6,63,019 | 7,32,790 | 7,43,131 | 8,26,036 | 92 | 106 | 118 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -6,624 | -7,366 | -9,218 | -4,827 | 37,868 | -35,487 | -7,045 | -4,437 | 18,534 | 4,753 | |
| Cash from Investing | -371 | -260 | 71 | -232 | -182 | -644 | -521 | -991 | -854 | -329 |
| Cash from Financing | 3,955 | 7,185 | 7,983 | -3,192 | 2,398 | 1,146 | 541 | 3,868 | 34 | -5,672 |
| -3,040 | -440 | -1,164 | -8,251 | 40,085 | -34,985 | -7,026 | -1,560 | 17,714 | -1,248 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | -13.94 | -34.20 | -19.67 | -9.31 | 6.36 | 8.51 | 9.35 | 14.42 | 20.97 | 22.64 |
| Book Value (₹) | 248.06 | 178.72 | 132.96 | 118.10 | 124.13 | 120.72 | 130.32 | 139.93 | 159.03 | 179.97 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 2.00 | 2.80 | 4.05 | 4.65 |
| PROFITABILITY | ||||||||||
| Net Interest Margin % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.64% | 2.42% | 2.23% |
| ROA % | -0.26% | -0.97% | -0.88% | -0.45% | 0.32% | 0.46% | 0.49% | 0.73% | 0.94% | 0.90% |
| ROE % | -6.11% | -21.19% | -16.21% | -7.77% | 5.54% | 7.55% | 7.54% | 10.90% | 13.72% | 13.07% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 51.80% | 50.89% | 51.40% | |
| ASSET QUALITY | ||||||||||
| Gross NPA % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net NPA % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Provision Coverage % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 92.39% | 93.57% |
| Slippage Ratio % | — | — | — | — | — | — | — | — | — | — |
| BALANCE SHEET & LIQUIDITY | ||||||||||
| CASA % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 37.11% | 34.77% | 32.81% |
| Credit-Deposit Ratio % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% | 0.15% | 0.13% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| GROWTH & VALUATION | ||||||||||
| Net Profit Growth % | 74.84% | -281.04% | 9.48% | 46.71% | 175.06% | 54.91% | 13.97% | 64.46% | 46.28% | 8.03% |
| Book Value Growth % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 7.37% | 13.65% | 13.16% |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 9.50x | 5.11x | 6.05x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.98x | 0.67x | 0.76x |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.04% | 3.78% | 3.39% |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-10 - Bank Of India has informed the Exchange about Analyst/Investor Meet on 10.09.2026
2026-09-09 - Bank Of India has informed the Exchange about outcome of Meet
2026-09-08 - Bank Of India has informed the Exchange about Investor Presentation
2026-09-08 - Bank Of India has informed the Exchange about Credit Rating
2026-09-07 - Bank Of India has informed the Exchange about Analyst/Investor Meet as on 07-09-2026
2026-09-04 - Bank Of India has informed the Exchange about Schedule of Non-deal Roadshow with respect to fund raising through EMTN Program
2026-09-04 - Bank Of India has informed the Exchange about Copy of Newspaper Publication-Intimation to Bond Holders for exercising call option by the Bank for Bond Series (INE084A08151) and Fixation of Record Date.
2026-09-04 - Bank Of India has informed the Exchange about Notice of Strike
2026-09-03 - Bank Of India has informed the Exchange about Redemption of Basel III compliant Tier II Bonds - Intimation of Record Date.
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