Bank of India to report Q1 numbers today; check what it said on loan and deposit growth for FY26 during Q4 FY25

Earlier this month, the bank reduced its savings deposit rate by 0.25%, or 25 basis points, to 2.50%, in line with similar moves by peers.

The lender also cut the interest rate on green deposits and pointed out that a 999-day deposit will earn 6.70% now against 7% earlier, according to a statement.

In March 2025, the state-owned bank announced the opening of 111 new branches across the country.

The total number of branches crossed 5,000 with this, and the highest number of new inaugurations has been under the Hyderabad field general manager office at 17, as per an official statement.

Bank of India Q4 FY25 Results

Bank of India reported an 82% jump in its Q4 FY25 net profit at ₹2,626 crore, thanks to the treasury gains and recoveries from written-off accounts in the January-March period.

The core net interest income (NII) grew by 2% to ₹6,063 crore for the three months, but the other income rose 96% to ₹3,428 crore.

Recoveries from written-off accounts jumped 195% to ₹1,193 crore, while treasury gains were up 87% at ₹711 crore, which contributed to the jump in the other income.

The net interest margin (NIM) narrowed to 2.61%, down from 2.92% in the year-ago period, and it was this compression that led to the softness in the core income growth even though there was a 13.74% growth in advances.

The overall deposits were up 10.65% during the reporting quarter, and the share of the low-cost current and savings account balances declined to 40.28%.

Its managing director and chief executive, Rajneesh Karnatak, said the lender is targeting a loan growth of 12-13% in FY26 and a deposit growth of 11-12%.

By the end of the March quarter, the bank's overall corporate credit pipeline stood at ₹60,000 crore, the MD had said.

The MD said the pressure on NIMs is likely to continue, especially with expectations of a reduction in the policy repo rate by the RBI in the new year.

The bank's overall capital adequacy stood at 17.77%, with the core buffer levels at 14.84% as of March 31, 2025.