Q3 2026 Bank of India Ltd Earnings Call Transcript
Key Points
- Bank of India (BOM:532149) reported a significant increase in global business, growing by INR12.54 crore year-over-year, with global advances increasing by 13.3% and global deposits by 11.64%.
- The bank's operating profit increased by 13% year-over-year, reaching INR4,193 crore for Q3 FY26.
- Net profit rose by 7% year-over-year, standing at INR2,705 crore in Q3 FY26.
- Non-interest income saw a substantial increase of nearly 30% year-over-year, reaching over INR2,200 crore.
- The bank's asset quality improved, with the gross NPA ratio decreasing by 143 basis points to 2.26% and the net NPA ratio improving by 25 basis points to 0.60% in Q3 FY26.
- The CASA ratio decreased from 41% to 38% over a 12-month period, indicating a shift towards bulk deposits.
- Yield on advances decreased by 80 basis points over a nine-month period, reflecting pressure on lending rates.
- Net interest margin (NIM) declined by 40 basis points over nine months, indicating pressure on profitability.
- SMA-2 numbers nearly doubled, indicating potential stress in certain accounts, particularly in government-backed loans.
- Fresh slippages increased by INR200 crore in the quarter, primarily due to a corporate road account slipping into NPA.
Good evening, ladies and gentlemen. I'm Gaurav Girdhar from Concept PR. On behalf of Bank of India, I extend a warm welcome to all the steam analysts who have joined us today in person as well as those who have joined us virtually from different cities across India. We are pleased to announce Bank of India's financial results for Q3 FY26.
I would like to now introduce the management of Bank of India who have joined us for today's analyst meeting. Shri Rajneesh Karnatak, MD and CEO; R Rajagopal, Executive Director; Shri Subrat Kumar, Executive Director; Shri Rajeev Mishra, Executive Director; and Shri Pramod Kumar Dwivedi, Executive Director.
We will now begin the analyst briefing. To start, I would now like to invite Shri Rajneesh Karnatak sir to address this gathering. After which, we will open the floor for Q&A. Sir, over to you. Thank you.
Yeah, thank you so much. So ladies and gentlemen,
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
