TrueCAGR
Bank of India · Research view

Bank of India

NSE: BANKINDIABSE: 532149ISIN INE084A01016Face value ₹10standalone
₹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
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

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
₹85,036 cr
FY2026 net profit
₹10,527 cr
Net worth
₹87,990 cr
Advances
₹7,60,335 cr
EPS (basic)
₹23.12
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 income & net profit — FY19 to FY26₹ crore · consolidated
₹'000 cr02345689001020TOTAL INCOMENET PROFIT46k-5,547FY1949k-2,957FY2048k2,160FY2146k3,405FY2255k4,023FY2367k6,318FY2480k9,219FY2585k10,527FY26
Total incomeNet profit
Advances & deposits — FY19 to FY26₹ crore · consolidated
0k333k667k1000k3.41L5.21LFY193.69L5.56LFY203.66L6.27LFY214.21L6.28LFY224.86L6.70LFY235.63L7.38LFY246.50L8.17LFY257.60L9.27LFY26
Advances (loans)Deposits
Strength

Advances grew 17.0% year on year (FY2025 → FY2026).

Rule BANK_LOAN_GROWTH_STRONG

Advances growth per year
+12.1%over 7 years
Advances growth
+17.0%vs last year
Deposits growth
+13.6%vs last year
Net profit growth
+14.2%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

Latest quarters — Q2 '25 to Q1 '27₹ crore · consolidated
₹'000 cr08152330024TOTAL INCOMENET PROFIT20k2,421Q2 '2520k2,637Q3 '2522k2,602Q4 '2521k1,830Q1 '2621k2,577Q2 '2621k2,812Q3 '2623k3,088Q4 '2623k3,303Q1 '27
Total incomeNet profit
QuarterTotal incomeYoYNet profitYoY
Q2 FY2519,998—2,421—
Q3 FY2520,098+21.7%2,637+36.6%
Q4 FY2521,934+21.3%2,602+65.3%
Q1 FY2620,678+12.5%1,830−3.1%
Q2 FY2620,740+3.7%2,577+6.4%
Q3 FY2621,379+6.4%2,812+6.7%
Q4 FY2622,853+4.2%3,088+18.7%
Q1 FY2722,712+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 & ROE — FY19 to FY26% · consolidated
0%1%2%3%4%-15%-7.5%0%7.5%15%2.3%FY19FY20FY21FY22FY23FY24FY25FY26
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
12.6%
ROA FY2026
0.95%
Section 07 · Financial health

Is financial health improving?

Asset quality — gross & net NPA, FY19 to FY26% of advances · lower is better
0%1%2%3%4%5%6%7%8%9%10%11%12%13%14%15%16%2.0%0.6%FY19FY20FY21FY22FY23FY24FY25FY26
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 — FY19 to FY26₹ crore · consolidated
₹'000 cr030609042kFY1944kFY2049kFY2155kFY2259kFY2369kFY2479kFY2588kFY26
Net worth (capital + reserves)
Gross NPA FY2026
1.98%
Net NPA
0.56%
Credit cost
0.44%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%

MAHABANK22.7%CANBK16.0%UNIONBANK15.7%INDIANB15.4%SBIN14.9%PNB13.0%BANKBARODA12.5%BANKINDIA12.1%

P/E ratio

BANKINDIA · 1st of 8 · set median 6.4×

BANKINDIA5.0×CANBK5.4×PNB5.7×UNIONBANK6.2×BANKBARODA6.7×MAHABANK8.2×INDIANB8.4×SBIN10.2×
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?

Adjusted close — 2020-01 to 2026-10₹ per share · split / bonus adjusted
0k₹1292020202120222023202420252026

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%
RSI (14) · 0–10027.6 — oversold
0305070100OVERSOLDOVERBOUGHT27.6
Section 11 · Open questions

What should I investigate further?

Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.

  • Concern
    Net interest margin compressing
    Net 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.

Income & balance sheet — ₹ crore, consolidated
MetricFY19FY20FY21FY22FY23FY24FY25FY26
Total income45,90049,06648,04145,95554,74866,80479,82085,036
Interest earned40,76842,35340,59938,07647,64860,70970,82675,161
Interest expended27,11027,09626,33024,01427,37337,65746,43249,989
Net interest income13,65815,25714,27014,06220,27523,05324,39425,173
Pre-provision operating profit8,09211,51910,8729,98813,39314,06916,41217,049
Provisions & contingencies16,80616,1217,6364,4227,1633,9703,9783,103
Profit before tax−8,713−4,6033,2375,5676,22910,09912,43413,946
Net profit−5,547−2,9572,1603,4054,0236,3189,21910,527
EPS (₹)−29.8−9.16.68.89.814.920.323.1
Net worth41,68143,81648,68655,13158,97168,88178,60187,990
Total debt44,24139,75232,46426,76064,97980,9241,23,8561,18,592
Advances3,41,0063,68,8833,65,6874,20,8424,85,9005,63,1456,49,6577,60,335
Deposits5,20,8625,55,5056,27,1146,27,8966,69,5867,37,9208,16,5419,27,271
Borrowings44,24139,75232,46426,76064,97980,9241,23,8561,18,592
Investments1,47,6391,58,5731,87,2531,74,4482,04,3982,27,1442,59,1122,68,629
Gross NPAs60,66161,55056,53545,60537,68629,18321,74915,306
Net NPAs19,11914,32012,2629,8528,0546,8455,3584,250
Operating cash flow——38,063−35,316−5,799−2,93318,2424,626
Key ratios — consolidated
RatioFY19FY20FY21FY22FY23FY24FY25FY26
Growth
Advances growth YoY—8.2-0.915.115.515.915.417.0
Deposits growth YoY—6.712.90.16.610.210.713.6
Profit growth YoY———57.618.257.045.914.2
Profitability
Net interest margin %2.22.42.11.92.62.72.52.3
Cost-to-income %56.947.649.954.551.151.750.851.4
Return on equity %-13.3-6.94.76.67.19.912.512.6
Return on assets %-0.9-0.50.30.50.50.70.91.0
Asset quality
Gross NPA %15.914.813.810.07.35.03.32.0
Net NPA %5.63.93.42.31.71.20.80.6
Credit cost %4.94.52.11.11.60.80.70.4
Credit / deposit %65.566.458.367.072.676.379.682.0
Financials: BSE Integrated Filing inline XBRL (SEBI taxonomy), normalised to standard metric keys. Prices: NSE end-of-day, raw OHLC preserved; a corporate-action factor produces the adjusted series. The insight engine writes factual observations from fixed rules — it does not make recommendations. Not investment advice.