StrengthTalking point
Asset quality at a multi-year best
Gross NPA of 2.0% is the lowest in 7 years, down from a peak of 15.9%.
Importance 55 / 95 · financial health
Bank of India · Research view
Bank of India
NSE: BANKINDIABSE: 532149ISIN INE084A01016Face value ₹10consolidated
₹129
−1.00% · 2026-10-01 · 52-wk ₹123–₹177
Financials to FY2026 · 8 years of history · prices to 2026-10-01consolidatedstandalone
Section 02 · Synthesis
What stands out?
The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.
StrengthConcernWatchContext
Context
Lower P/B than peers
Trades at 0.65× book — 30% below the public sector bank median of 0.94×.
Importance 47 / 95 · valuation
Concern
Net interest margin compressing
Net interest margin fell from 2.5% to 2.3% year on year.
Importance 37 / 95 · profitability
Section 03 · The company
Who is this company?
Classified by the exchange under Financial Services › Financial Services › Banks › Public Sector Bank.
- Market cap
- ₹58,830 cr
- FY2026 total income
- ₹85,650 cr
- FY2026 net profit
- ₹10,306 cr
- Net worth
- ₹89,959 cr
- Advances
- ₹7,64,651 cr
- EPS (basic)
- ₹22.64
- Listed
- NSE · BSE
- Reporting
- Banking (Sch. III)Apr–Mar
Peer set used on this page: 8 public sector bank.
Section 04 · Business performance
Is the business growing?
Total incomeNet profit
Advances (loans)Deposits
Strength
Advances grew 17.0% year on year (FY2025 → FY2026).
Rule BANK_LOAN_GROWTH_STRONG
- Advances growth per year
- +15.8%over 5 years
- Advances growth
- +17.0%vs last year
- Deposits growth
- +13.6%vs last year
- Net profit growth
- +7.9%vs last year
Section 05 · Recent activity
What changed recently?
Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.
Strength
Q1 FY27 net profit was ₹3,303 cr, up 80.5% from ₹1,830 cr a year earlier.
Rule QTR_PROFIT_GROWTH_YOY
Strength
Q1 FY27 net profit grew 80.5% while total income grew 9.8% vs the same quarter last year — a gap of 70.7 percentage points.
Rule QTR_PROFIT_VS_REVENUE_GROWTH
Strength
Q1 FY27 net margin was 14.5%, up 5.69 percentage points from 8.8% a year earlier.
Rule QTR_MARGIN_CHANGED_YOY
A. Quarterly results
Total incomeNet profit
| Quarter | Total income | YoY | Net profit | YoY |
|---|---|---|---|---|
| Q2 FY25 | 19,998 | — | 2,421 | — |
| Q3 FY25 | 20,098 | +21.7% | 2,637 | +36.6% |
| Q4 FY25 | 21,934 | +21.3% | 2,602 | +65.3% |
| Q1 FY26 | 20,678 | +12.5% | 1,830 | −3.1% |
| Q2 FY26 | 20,740 | +3.7% | 2,577 | +6.4% |
| Q3 FY26 | 21,379 | +6.4% | 2,812 | +6.7% |
| Q4 FY26 | 22,853 | +4.2% | 3,088 | +18.7% |
| Q1 FY27 | 22,712 | +9.8% | 3,303 | +80.5% |
B. TTM snapshot
Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters
- Total income
- ₹87,684 crTTM
- PBT
- ₹15,281 crTTM
- Net profit
- ₹11,779 crTTM
C. Corporate actions
29 May 2026DividendDividend - Rs. - 4.6500 — ₹4.65/share
20 Jun 2025DividendFinal Dividend - Rs. - 4.0500 — ₹4.05/share
18 Jun 2024DividendDividend - Rs. - 2.8000 — ₹2.80/share
20 Jun 2023DividendDividend - Rs. - 2.0000 — ₹2.00/share
7 Jul 2022DividendFinal Dividend - Rs. - 2.0000 — ₹2.00/share
10 Jul 2015DividendFinal Dividend - Rs. - 5.0000 — ₹5.00/share
23 Jan 2014DividendInterim Dividend - Rs. - 5.0000 — ₹5.00/share
20 Jun 2013DividendDividend - Rs. - 10.0000 — ₹10.00/share
21 Jun 2012DividendDividend - Rs. - 7.0000 — ₹7.00/share
7 Jul 2011DividendDividend - Rs. - 7.0000 — ₹7.00/share
8 Jul 2010DividendDividend - Rs. - 7.0000 — ₹7.00/share
2 Jul 2009DividendFinal Dividend - Rs. - 5.0000 — ₹5.00/share
13 Mar 2009DividendInterim Dividend - Rs. - 3.0000 — ₹3.00/share
3 Jul 2008DividendDividend - Rs. - 4.0000 — ₹4.00/share
29 Jun 2007DividendDividend - Rs. - 1.5000 — ₹1.50/share
21 Jun 2001DividendDividend - Rs. - 1.5000 — ₹1.50/share
11 Jul 2000DividendNIL Dividend - Rs. - 0.0000 — ₹0.00/share
Section 06 · Business performance
Is it becoming more profitable?
Net interest margin (left)Return on equity (right)
Concern
Net interest margin fell from 2.5% to 2.3% year on year.
Rule BANK_NIM_COMPRESSED_YOY
- NIM FY2026
- 2.28%
- Cost-to-income
- 51.4%
- ROE FY2026
- 12.1%
- ROA FY2026
- 0.92%
Section 07 · Financial health
Is financial health improving?
Gross NPA %Net NPA %
Strength
Gross NPA of 2.0% is the lowest in 7 years, down from a peak of 15.9%.
Rule BANK_ASSET_QUALITY_MULTIYEAR_BEST
Net worth (capital + reserves)
- Gross NPA FY2026
- 9.94%
- Net NPA
- 2.33%
- Credit cost
- 0.45%of advances
- Credit / deposit
- 82%
Section 08 · Relative position
How does it compare with peers?
Ranked against 8 public sector bank (FY2026, consolidated).
Return on equity
BANKINDIA · 8th of 8 · set median 15.2%
P/E ratio
BANKINDIA · 1st of 8 · set median 6.4×
Context
Trades at 0.65× book — 30% below the public sector bank median of 0.94×.
Rule PB_BELOW_PEERS
- P / E
- 5.0×TTM to Jun 26
- P / B
- 0.7×latest book
- P / S
- 0.7×TTM sales
- Earnings yield
- 20.0%TTM to Jun 26
On the trailing twelve months. Last full year: P/E 5.7× · P/S 0.7× · ROE 12.1%.
Section 09 · The stock
How has the stock performed?
Long-term price performance is shown above.
- 1-year return
- +3.7%
- 3-year return
- +18.1%
- 5-year return
- +128.3%
- From 52-wk high
- −27.1%
Section 10 · Technical data
What does the technical data say?
Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.
- vs 50-day avg
- Below₹140
- vs 200-day avg
- Below₹147
- RSI (14)
- 27.6oversold
- MACD histogram
- -1.0
- From 52-wk high
- −27.1%
- From 52-wk low
- +4.9%
- 30-day volatility
- 21.5%ann.
- 6-month return
- −5.7%
Section 11 · Open questions
What should I investigate further?
Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.
- ConcernNet interest margin compressingNet interest margin fell from 2.5% to 2.3% year on year.BANK_NIM_COMPRESSED_YOY · conviction 37
- Cash-flow-statement facts are unavailable for FY2019, FY2020 — those filings predate SEBI's Cash Flow Statement disclosure requirement. All other loaded years carry full P&L, balance sheet and cash-flow data.
Section 12 · Reference
The numbers
The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Total income | 48,350 | 46,291 | 55,143 | 67,306 | 80,412 | 85,650 |
| Interest earned | 40,854 | 38,281 | 47,932 | 61,073 | 71,308 | 75,613 |
| Interest expended | 26,421 | 24,083 | 27,441 | 37,757 | 46,594 | 50,139 |
| Net interest income | 14,433 | 14,197 | 20,491 | 23,317 | 24,714 | 25,474 |
| Pre-provision operating profit | 10,923 | 10,038 | 13,329 | 14,243 | 16,608 | 17,260 |
| Provisions & contingencies | 7,645 | 4,464 | 7,230 | 4,050 | 4,050 | 3,188 |
| Profit before tax | 3,278 | 5,574 | 6,099 | 10,193 | 12,558 | 13,553 |
| Net profit | 2,083 | 3,493 | 3,838 | 6,564 | 9,548 | 10,306 |
| EPS (₹) | 6.4 | 9.1 | 9.3 | 15.5 | 21.0 | 22.6 |
| Net worth | 49,980 | 56,522 | 60,433 | 70,742 | 80,726 | 89,959 |
| Total debt | 32,464 | 26,821 | 65,015 | 80,960 | 1,23,869 | 1,18,626 |
| Advances | 3,67,667 | 4,23,001 | 4,88,688 | 5,66,644 | 6,53,518 | 7,64,651 |
| Deposits | 6,29,098 | 6,29,981 | 6,72,194 | 7,40,611 | 8,19,806 | 9,30,973 |
| Borrowings | 32,464 | 26,821 | 65,015 | 80,960 | 1,23,869 | 1,18,626 |
| Investments | 1,91,693 | 1,80,274 | 2,11,324 | 2,34,592 | 2,68,002 | 2,79,084 |
| Gross NPAs | 56,535 | 45,605 | 0 | 0 | 0 | 0 |
| Net NPAs | 12,262 | 9,852 | 0 | 0 | 0 | 0 |
| Operating cash flow | 37,868 | −35,487 | −7,045 | −4,437 | 18,534 | 4,753 |
| Ratio | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Advances growth YoY | — | 15.0 | 15.5 | 16.0 | 15.3 | 17.0 |
| Deposits growth YoY | — | 0.1 | 6.7 | 10.2 | 10.7 | 13.6 |
| Profit growth YoY | — | 67.7 | 9.9 | 71.0 | 45.5 | 7.9 |
| Profitability | ||||||
| Net interest margin % | 2.0 | 1.9 | 2.6 | 2.7 | 2.5 | 2.3 |
| Cost-to-income % | 50.2 | 54.8 | 51.9 | 51.8 | 50.9 | 51.4 |
| Return on equity % | 4.2 | 6.6 | 6.6 | 10.0 | 12.6 | 12.1 |
| Return on assets % | 0.3 | 0.5 | 0.5 | 0.8 | 1.0 | 0.9 |
| Asset quality | ||||||
| Gross NPA % | 13.7 | 9.9 | — | — | — | — |
| Net NPA % | 3.3 | 2.3 | — | — | — | — |
| Credit cost % | 2.1 | 1.1 | 1.6 | 0.8 | 0.7 | 0.4 |
| Credit / deposit % | 58.4 | 67.1 | 72.7 | 76.5 | 79.7 | 82.1 |