Bank of India reported a net profit of ₹2,555 crore in Q2-FY26, up 13.4% quarter-on-quarter and 7.6% year-on-year, driven by strong earnings momentum and disciplined credit management. For H1-FY26, the bank delivered a net profit of ₹4,807 crore, marking an 18% year-on-year increase.
Asset quality showed marked improvement: Gross NPA fell to 2.54% (down 187 bps YoY, 38 bps QoQ), and Net NPA stood at 0.65% (down 29 bps YoY, 10 bps QoQ). The credit cost dropped to 0.28% in Q2, a decline of 69 bps YoY and 40 bps QoQ. Slippage ratio eased to 0.14%, improving from 0.44% in September 2024 and 0.33% in June 2025.
Business growth remained strong: Global Advances crossed ₹7 lakh crore, up 14% YoY, led by 14.73% growth in Domestic Advances. Global Deposits grew 10.08% YoY, and Domestic Deposits rose 8.53% YoY. CASA Deposits increased 3.95% YoY, and CASA ratio stood at 39.39% at end-September.
On the strategic front, the Bank is focused on driving sustained growth through enhanced customer engagement, digital innovation, and expansion across key business segments.
In Q2, the Bank added 7+ lakh new customers, pushing UPI users beyond 2.35 crore, with 96% of transactions via alternate channel
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