States » SouthPosted at: Oct 23 2026 8:05PM

Kochi, Oct 23 (UNI) Bank of India has reported a 25.34% year-on-year increase in net profit to Rs 3,202 crore for the second quarter of the financial year 2026-27, driven by strong growth in operating profit, interest income and overall business.
The bank's net profit for the first half of FY27 rose 30% year-on-year to Rs 6,270 crore. Its return on assets (ROA) and return on equity (ROE) for the July-September quarter improved to 1.01% and 16.36%, respectively.
Operating profit for the second quarter increased 33.19% year-on-year to Rs 5,089 crore, while the figure for the first half grew 30% to Rs 10,140 crore.
Net interest income rose 18.52% year-on-year to Rs 7,007 crore during the quarter. Non-interest income also recorded a strong increase of 24.78% to Rs 2,770 crore. The bank's global net interest margin improved by six basis points to 2.47%, while its cost-to-income ratio declined by 507 basis points to 47.95%.
The bank's global business expanded 21.13% year-on-year to more than Rs 18.92 lakh crore. Global deposits increased 21.59% to over Rs 10.37 lakh crore, while global advances grew 20.58% to more than Rs 8.55 lakh crore.
Overseas advances registered particularly strong growth of 35.21% to Rs 1.51 lakh crore. Retail advances rose 19.27%, advances to micro, small and medium enterprises (MSMEs) grew 20.27%, and agricultural advances increased 16.34% year-on-year.
Retail, agriculture and MSME (RAM) advances accounted for 58.63% of the bank's domestic gross advances. Domestic current account and savings account (CASA) deposits increased 7.17% year-on-year to Rs 3.07 lakh crore as of September 2026.
Asset quality continued to improve during the quarter. The gross non-performing asset (NPA) ratio declined by 94 basis points year-on-year to 1.60%, while the net NPA ratio improved by 23 basis points to 0.42%. The provision coverage ratio stood at 94.45%.
The slippage ratio for the quarter was 0.15%, while the credit cost stood at 0.12%, reflecting the bank's improved asset quality position.
The bank's capital adequacy ratio (CRAR) stood at 17.78% as of September 30, 2026, marking an improvement of 109 basis points over the previous year. The Common Equity Tier 1 (CET-1) ratio was 15.49%.
Digital banking operations also recorded growth. The number of users of the Omni Neo mobile banking platform exceeded 1.49 crore, while internet banking users crossed 1.11 crore. Digital transactions increased 25% year-on-year to 2.21 billion.
The bank also opened 7.07 lakh new accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY) during the first half of FY27.
UNI DS