Bank of India PAT up 36.2% to ₹3,067.90 crore in Q1FY27
Bank of India reported a 36.2% increase in net profit to ₹3,067.90 crore for the first quarter of fiscal year 2027. The growth was driven by higher net interest income and a significant reduction in gross non-performing assets.
Why it matters
Strong financial performance from a major public sector bank indicates improved asset quality and banking sector stability in the Indian economy.
Bank of India (BoI) net profit rose 36.2% to ₹3068 crore on higher net interest income, in the quarter ended June 30 fiscal 2027 as against the same period last fiscal.
The net interest income (NII) increased 12.6% to ₹6832.5 crore in the reporting quarter as against ₹6068 crore in the year ago period. Net Interest Margin (NIM) dipped slightly to 2.52% in the recently concluded quarter as against 2.55% in the year-ago period.
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