Treasury
Treasury’ segment includes the entire investment portfolio i.e. dealing in Government and other Securities, Money Market Operations and Forex Operations including Derivative contracts
Initiated price
* Intraday price as of 11th May, 2026
We are now introducing a new stock to the portfolio: Bank of India (NSE: BANKINDIA)
View Full Basket ReportIn FY26, the bank achieved a significant milestone in its journey, marked by resilient financial performance, strengthened asset quality, and robust business growth, while continuing its commitment to nation-building.
Bank of India recorded healthy growth across key parameters such as deposits, advances, operating profit, and digital transactions.
The bank’s primary focus remains on calibrated credit growth, emphasis on quality underwriting, sectoral diversification, and responsible lending practices.
For Q4 FY26, the bank reported global deposit growth of 13.5% YoY to Rs 9.27 lakh crore, global advance growth of 15.8% YoY to Rs 7.71 lakh crore, net interest income (NII) growth of 10.5% YoY, and profit after tax (PAT) growth of 15.2% YoY. For FY26, NII stood at Rs 25,474 crore, up 3.1% YoY, while PAT increased by 8% YoY.
Domestic deposits grew by 14.3% YoY to Rs 8.0 lakh crore, while domestic advances increased by 16.1% YoY to Rs 6.54 lakh crore.
Growth was broad-based across all segments during FY26, with retail at +21.2%, agriculture at +17.6%, MSME at +17.7%, resulting in RAM growth of +19.1%, and corporate growth at +12.1%. With this strong performance, the bank expects to continue delivering similar results in FY27.
The aforesaid factors make us believe that the bank is well-positioned to capitalize on upcoming growth opportunities while maintaining strong asset quality.
Management maintained a positive FY27 guidance of 15–16% global credit growth and 13–14% global deposit growth.
The bank has reaffirmed its core objective of mobilizing low-cost deposits to protect its Net Interest Margin (NIM), while simultaneously working to enhance yields on advances to support sustainable growth.
Margins remained stable in Q4FY26 compared to Q3FY26, as the full repricing of term deposits on the liability side had already occurred in Q3FY26.
The Capital Adequacy Ratio at the end of FY26 stood at 18.01%.
The bank is focused on improving asset quality and remains committed to enhancing operational efficiency and profitability, while upholding strict compliance and sound corporate governance practices to deliver long-term value to stakeholders.
Automation and digital platforms have been deployed for personal, vehicle, and gold loans, while the bank has also leveraged its 5,500+ branch outlets to support loan distribution and customer acquisition.
Quick Data
Ratios
Shareholding Pattern (Dec-25)
Stock Price Movement
5d
+4.64%
30d
+0.02%
52w High
-18.54%
52w Low
+33.26%
Sources: CSEC Research, Company Filings, NSE, BSE • Date: 11th May, 2026
Company Overview
Bank of India is an Indian public sector bank headquartered in Mumbai, founded in 1906. It was under private ownership and control until 1969, post which was nationalised along with 13 other banks. The bank provides various banking products and services in India and internationally. Presently it has an overseas presence in 15 foreign countries, spread over 5 continents at key banking and financial centres viz., Tokyo, Singapore, Hong Kong, London, Paris, New York, DIFC Dubai and International Banking Unit (IBU) at GIFT City Gandhinagar. It operates through Treasury, Wholesale Banking, and Retail Banking segments.
Further, it also provides NRI services, including loans, money remittance and ancillary services, as well as agri products such as Kisan credit card, gold loan, self-help group, Atmanirbhar schemes, tractor/farm mechanization and food & agri loans.
The Bank has an extensive network of 5,511 branches and 7,685 ATMs & CRA in India spread over all states/union territories including specialized branches. Around 36% of branches are located in Rural area and 19% are in metro cities. The Bank has 22 Overseas Branches, 1 Representative Office at Jakarta, 4 Subsidiaries, 1 Associate/Joint Venture, all spread across 15 countries in 5 Continents of all time zones.
The contribution of foreign operations in Bank’s global business mix has been 13% for FY26.
Sources: CSEC Research, Company Filings, NSE, BSE • Date: 11th May, 2026
Treasury’ segment includes the entire investment portfolio i.e. dealing in Government and other Securities, Money Market Operations and Forex Operations including Derivative contracts
Wholesale Banking includes all lending activities which are not included under
Retail Banking segment comprises of Digital Banking and Other Retail Banking (Other Retail Banking includes all housing loan accounts and borrower accounts having exposure up to Rs 7.50 crore).
Sources: CSEC Research, Company Filings, NSE, BSE • Date: 11th May, 2026
Income Statement (Rs. Cr)
| Particulars | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| GNPA (%) | 9.98% | 7.31% | 4.98% | 3.27% | 1.98% |
| NNPA (%) | 2.34% | 1.66% | 1.22% | 0.82% | 0.56% |
| PCR (%) | 87.76% | 89.68% | 90.59% | 92.39% | 93.57% |
| ROA (%) | 0.43% | 0.49% | 0.70% | 0.90% | 0.93% |
| ROE (%) | 10.55% | 10.31% | 13.13% | 15.27% | 14.90% |
| NIM (%) | 2.36% | 3.01% | 2.97% | 2.82% | 2.52% |
Sources: CSEC Research, Company Filings, NSE, BSE • Date: 11th May, 2026
Income Statement (Rs. Cr)
| Particulars | FY24 | FY25 | FY26 |
|---|---|---|---|
| Interest earned | 61,073 | 71,308 | 75,613 |
| a. Interest / discount on advances / bills bills | 43,126 | 50,337 | 53,793 |
| b. Income from investment | 14,246 | 17,384 | 18,193 |
| c. Interest on balances with RBI & others others | 2,886 | 3,206 | 2,766 |
| d. Others | 815 | 381 | 862 |
| Other Income | 6,233 | 9,105 | 10,036 |
| Total Income | 67,306 | 80,412 | 85,650 |
| Interest expended | 37,757 | 46,594 | 50,139 |
| Operating Expenses | 15,306 | 17,210 | 18,251 |
| Employees Cost | 9,263 | 10,387 | 10,450 |
| Other Operating Expenses | 6,044 | 6,823 | 7,801 |
| Total Expenditure | 53,063 | 63,804 | 68,390 |
| Operating | 14,243 | 16,608 | 17,260 |
| Provision (other than tax) & Contingencies | 4,050 | 4,050 | 3,188 |
| Exceptional Items | - | - | 519 |
| Profit from Ordinary Activities before tax | 10,193 | 12,558 | 13,553 |
| Tax Expenses | 3,809 | 3,219 | 3,463 |
| Net Profit for the Period | 6,385 | 9,339 | 10,089 |
| EPS (Earnings Per Share) | 14.42 | 20.97 | 22.64 |
Balance Sheet (Rs. Cr)
| Particulars | FY24 | FY25 | FY26 |
|---|---|---|---|
| Capital | 4,553 | 4,553 | 4,553 |
| Reserves & Surplus | 66,028 | 76,172 | 85,405 |
| Minority Interest | 161 | 162 | 178 |
| Deposits | 7,40,611 | 8,19,806 | 9,30,973 |
| Borrowing | 80,960 | 1,23,869 | 1,18,626 |
| Other Liabilities & Provision | 31,967 | 31,862 | 39,815 |
| Total Capital & Liabilities | 9,24,280 | 10,56,425 | 11,79,552 |
| Cash and Balances with Reserve Bank of India | 38,894 | 52,126 | 47,660 |
| Balances with Banks and Money at Call and Short Notice | 44,229 | 48,711 | 51,929 |
| Investments | 2,34,592 | 2,68,002 | 2,79,084 |
| Advances | 5,66,644 | 6,53,518 | 7,64,651 |
| Fixed Assets | 10,328 | 12,047 | 11,877 |
| Other Assets | 29,594 | 22,020 | 24,350 |
| Total Assets | 9,24,280 | 10,56,425 | 11,79,552 |
Sources: CSEC Research, Company Filings, NSE, BSE • Date: 11th May, 2026