S&P assigns Bank of India BBB/A-2 rating with stable outlook

Credit & Debt View source PDF Explain this filing

BANKINDIA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹142.02

prior close

₹141.18

announcement price

In-mkt

timing

Nifty Midcap 150market+0.1%-0.9% vs market

Public Sector Bank peers, median of 11sector-0.0%-0.8% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Midcap 150 and 0.8 pts less than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

+0.0

15m

+0.1

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8+0.1-0.9-0.0-0.8

Next day

-0.7-0.3-0.4-0.6-0.1

-0.7-0.7-0.0-0.5-0.2

-1.4-0.9-0.5-0.7-0.7

-3.1-3.1-0.1-2.5-0.6

-3.0-3.0+0.0-2.9-0.1

-1.9-0.7-1.2-2.0+0.1

15d

-8.3-5.2-3.1-4.5-3.8

-6.8-7.6+0.8-5.9-0.9

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UpDownMarket · Nifty Midcap 150Sector · Public Sector Bank peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

S&P Global Ratings has assigned Bank of India a BBB long-term and A-2 short-term issuer credit rating with a stable outlook, citing expected government support, adequate capitalization, solid funding, and healthy liquidity. The bank has 5510 branches, CASA ratio of 37 percent, and RAC ratio of 8.8 percent. Concerns include profitability and asset quality lagging industry averages, with credit costs expected to rise from 0.3 percent in fiscal 2027 to about 0.6-0.7 percent later.

Likely market impact

New investment-grade rating affirms creditworthiness; neutral to mildly positive for stock, signals strong government backing.