Bank of India’s Q1 FY26 global business grows 10.33%, domestic deposit rises 9.6% YoY

Bank of India (BOI) witnessed a robust growth across global and domestic segments for the quarter ended June 30, 2025 (Q1 FY26). The bank on Friday, July 4, posted a healthy 10.33% year-on-year (YoY) increase in global business, reaching ₹15,05,669 crore, up from ₹13,64,660 crore reported in the same period last year.

The global deposit base of the state-owned bank stood at ₹8,33,702 crore as of June 30, 2025, marking a 9.07% YoY growth of ₹8,33,702 as compared to ₹7,64,396 crore in the same period the previous year.

Its gross global advances also saw strong momentum, rising 11.95% YoY to ₹6,71,967 crore from ₹6,00,264 crore.

On the domestic front, Bank of India’s deposits advanced 9.62% to ₹7,10,276 crore in contrast to ₹6,47,917 crore in Q1 FY25. Domestic gross advances also increased 11.16% to ₹5,64,869 crore as against ₹5,08,169 crore in the same quarter last fiscal year.

The lender’s domestic advances jumped 12.45% to ₹9.91 trillion year-on-year. On Friday, shares of Bank of Baroda (BoB) settled at ₹117.83 apiece on the National Stock Exchange, losing 0.56%.

According to NSE, the bank has a market capitalisation of ₹1.25 lakh crore.

Bank of India had reported an 82.5% YoY rise in net profit at ₹2,626 crore for the March quarter of FY25 as compared to ₹1,439 crore in the same period last year. The profit boost was supported by treasury gains and recoveries from written-off accounts.

During Q4 FY25, the public sector lender’s net interest income (NII) rose 2.1% YoY to ₹6,063 crore, compared to ₹5,936 crore in the corresponding quarter of the previous year.

However, the net interest margin (NIM) contracted to 2.61% from 2.92% a year earlier, leading to subdued core income growth despite a 13.74% rise in advances.

The bank’s asset quality witnessed improvement, with gross non-performing assets (GNPA) reducing by 171 basis points YoY to 3.27%, from 4.98%. Net NPA (NNPA) improved to 0.82%, down 40 bps from 1.22% in Q4FY24.

As of March 31, 2025, the bank’s capital adequacy ratio stood at 17.77%, while the core capital ratio was at 14.84%.

Retail advances grew 19.39% YoY, while MSME advances increased by 18.39%. Agriculture and corporate advances also rose by 16.30% and 9.59%, respectively. Domestic current account and savings account (CASA) deposits also registered a growth of 6.4% YoY at ₹4,96,462 crore as of March 31, 2025.