Bank of India Q4 profit rises 15 pc to Rs 3,016 cr

Bank of India BoI on Friday reported a 15 per cent increase in net profit at Rs 3,016 crore for fourth quarter of FY26. During the quarter, the banks total income increased to Rs 22,685 crore from Rs 21,751 crore a year ago, BoI said in a regulatory filing.

Bank of India (BoI) on Friday reported a 15 per cent increase in net profit at Rs 3,016 crore for fourth quarter of FY26. The state-owned lender had earned a net profit of Rs 2,626 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 22,685 crore from Rs 21,751 crore a year ago, BoI said in a regulatory filing. Interest income grew to Rs 19,476 crore from Rs 18,323 crore. On the asset quality front, the bank's gross Non-Performing Assets (NPAs) moderated to 1.98 per cent of gross advances, as compared to 3.27 per cent by the end of March 2025. Similarly, net NPAs came down to 0.56 per cent of the advances from 0.82 per cent at the end of March 2025. As a result, provisions (other than tax) and contingencies came down to Rs 990 crore from Rs 1,338 crore in the same quarter a year ago. The provision coverage ratio of the bank improved to 93.57 per cent as on March 31, 2026 from 92.39 per cent a year ago. The bank's capital adequacy ratio improved to 18.01 per cent from 17.77 per cent. For the entire financial year 2025-26, the bank reported a 14 per cent increase in profit at Rs 10,527 crore, as against Rs 9,219 crore in the previous year. Total income rose to Rs 85,036 crore from Rs 79,820 crore. The bank's board has recommended a dividend of Rs 4.65 (or 46.50 per cent) per equity share of face value Rs 10 each for 2025-26 subject to approval of shareholders.