Bank of India rises after strong Q1 business update
Mumbai, July 2 -- The bank's global and domestic deposits were Rs 9,58,117 crore (up 14.92%) and Rs 8,25,157 crore (up 16.17%), respectively, at the end of June 2026 quarter.
While global gross advances increased by 18.64% YoY to Rs 7,97,798 crore, domestic gross advances jumped 19.12% to Rs 6,73,386 crore in Q1 FY26,
In the retail, agriculture and MSME (RAM) segment, Bank of India's advances aggregated to Rs 3,92,647 crore, up 19.69% YoY.
Bank of India is a public sector bank. The Government of India held a 73.38% stake in the bank as of 31st March 2026.
The bank reported a 14.85% increase in standalone net profit to Rs 3,015.79 crore on 4.3% increase in total income to Rs 22,685.38 crore in Q4 FY26 over Q4 FY25.
Published by HT Dig...
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