Monday, November 10, 2025

Bank of India Q2 net profit rises 7.6% YoY to ₹2,554 crore

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Bank of India (BOI) reported a 7.6% year-on-year (YoY) rise in net profit to ₹2,554 crore for the quarter ended September (Q2 FY26), compared to ₹2,373 crore in the same period last year, aided by healthy loan growth and improved asset quality.

The lender’s net interest income (NII), however, inched down 1.2% YoY to ₹5,914 crore from ₹5,985 crore. Despite the marginal decline in NII, overall business growth remained robust.

Also Read: Poonawalla Fincorp Q2 net profit back in green at ₹74 crore; AUM surges 68%, NII up 40%

Global advances grew 14.03% YoY to ₹7.09 lakh crore, while global deposits rose 10.08% during the quarter. Sequentially, advances expanded 5.46% from ₹6.22 lakh crore in the previous quarter. The bank’s CASA ratio improved to 41.18%, up from 39.39% in the previous corresponding period, indicating a stronger low-cost deposit base.

Asset quality also strengthened further, with gross NPAs falling to 2.54% from 2.92% QoQ and net NPAs easing to 0.65% from 0.75%.

Also Read: Flipkart faces allegations of continued GST non-compliance despite law amendment on transport services



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