Bank of India (BANKINDIA) Q1 25/26 earnings summary

Executive summary

• Global business grew 10.37% year-over-year to INR 15,05,000 crore, with advances up 12.02% and deposits up 9.07%.

• Net profit rose 32.27% year-over-year to INR 2,252 crore for Q1 FY26; operating profit increased 9% to INR 4,009 crore.

• Asset quality improved: gross NPA ratio down to 2.92%, net NPA to 0.75%, and provision coverage ratio up to 92.94%.

• CASA ratio stood at 39.88%, with year-over-year CASA growth of over INR 6,000 crore.

• Digital initiatives and branch expansion continue to drive operational efficiency and customer acquisition, with 29 products live and 15.5 lakh deposit customers onboarded.

Financial highlights

• Non-interest income surged 66% year-over-year to INR 2,166 crore, driven by higher investment gains and recoveries.

• Net interest income was ₹6,068 crore, down 3% year-over-year.

• Cost-to-income ratio at 51.30%, with guidance to stabilize around 51% for FY 2026.

• ROA for Q1 FY26 at 0.82%, with full-year guidance at 0.90%.

• Domestic gross advances up 11.24% year-over-year; RAM advances up 16.69% and now 58% of domestic advances.

Outlook and guidance

• Global advances growth targeted at 12%-13%, global deposit growth at 10%-11% for FY 2026.

• CASA ratio targeted at 40% by year-end.

• Slippage ratio guidance at 1.20% for FY 2026.

• NIM guidance for FY 2026 is 2.5%-2.6% globally, with improvement expected from Q3 as deposit repricing completes.

• Board approved capital plan of ₹5,000 crore and infrastructure bond issuance of ₹20,000 crore for FY26.