NSE: BANKINDIA · BSE: 532149
BANK OF INDIA
Operates as a public sector commercial bank with the Government of India holding 73.38% of the equity, taking deposits and making loans across retail, wholesale and treasury lines. For the nine-month YTD period ending 31 December 2024, Retail Banking Operations contributed 37.6% of segment revenue (Rs 22,118.05 crore) and Rs 4,966.51 crore of EBIT, Wholesale Banking Operations contributed 33.9% (Rs 19,938.0 crore) with Rs 1,365.34 crore of EBIT, and Treasury Operations contributed 28.1% (Rs 16,545.72 crore) with Rs 4,350.22 crore of EBIT. At the consolidated balance-sheet level, FY26 net profit stood at Rs 10,089.26 crore on total assets of Rs 11,79,551.59 crore. Global business reached Rs 16.98 lakh crore in FY26, growing 14.57% YoY, and grew further to Rs 17.56 lakh crore in Q1 FY27 (+16.57% YoY). Asset quality has improved sharply, with Gross NPA at 1.98% and Net NPA at 0.56% as of FY26, and CRAR at 18.01%. The main cost lines for a bank are funding costs (interest paid on deposits and borrowings) and credit costs on loans; management has guided to keeping fresh slippages at Rs 4,000 crore in FY27 and recovering Rs 2,500-3,000 crore from written-off accounts. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Retail Banking Operations (38%), Wholesale Banking Operations (34%), Treasury Operations (28%), Unallocated (1%). Public sector commercial bank; deposit-funded, cyclical with credit costs and NIMs driven by rate cycles.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | 3,493 | 3,838 | 6,564 | 9,548 | 10,306 |
| EPS, as reported (₹) | 9.07 | 9.35 | 15.48 | 20.97 | 22.64 |
| ROE % · ROCE % | — · — | — · — | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (35,487) | (7,045) | (4,437) | 18,534 | 4,753 |
| Capex | — | — | — | — | — |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Profit before tax | 3,138 | 3,447 | 3,551 | 2,439 | 3,361 | 3,674 | 4,079 | 4,167 |
| Net profit | 2,399 | 2,559 | 2,648 | 1,764 | 2,526 | 2,750 | 3,050 | 3,138 |
| EPS (₹) | 5.32 | 5.79 | 5.72 | 4.02 | 5.66 | 6.18 | 6.78 | 7.25 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| STATE BANK OF INDIA | 8,83,184 | 10.3 | — | — | — | — | — | — |
| UNION BANK OF INDIA | 1,39,321 | 6.8 | — | — | — | — | — | — |
| PUNJAB NATIONAL BANK | 1,38,272 | 6.3 | — | — | — | — | — | — |
| BANK OF BARODA | 1,20,028 | 6.6 | — | — | — | — | — | — |
| INDIAN BANK | 1,12,592 | 8.8 | — | — | — | — | — | — |
| CANARA BANK | 1,06,898 | 5.4 | — | — | — | — | — | — |
| BANK OF MAHARASHTRA | 61,456 | 8.2 | — | — | — | — | — | — |
| BANK OF INDIA ◆ | 60,515 | 5.1 | — | — | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 5.1 | 7.5 | 1 of 12 | 100% |
| Profit growth | 77.9 | 28.3 | 2 of 12 | 91% |
| Market cap | 60515 | 84177 | 8 of 12 | 36% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 23 Oct 2026 · Bank of India posts Q2 FY2026-27 analyst meeting audio | investor communications | low | — | — |
| 23 Oct 2026 · No deviation in issue proceeds for September 2026 quarter | compliance | minimal | — | — |
| 23 Oct 2026 · Related party transactions for half-year ended September 2026 | compliance | minimal | — | — |
| 23 Oct 2026 · Bank of India Q2 profit rises 25.4%, bad loans improve | results | high | — | — |
| 23 Oct 2026 · Q2 FY27 net profit up 25% as asset quality improves | investor communications | medium | — | — |
| 23 Oct 2026 · Q2 FY27 profit rises 25 percent as asset quality improves | compliance | low | — | — |
| 23 Oct 2026 · Bank of India profit rises 25%, gross bad loans fall to 1.60% | results | high | — | — |
| 21 Oct 2026 · Share capital audit for September 2026 quarter completed | compliance | minimal | — | — |
| 16 Oct 2026 · Bank of India schedules analyst meet on October 23 for Q2 FY27 results | board shareholder meetings | low | — | — |
| 16 Oct 2026 · Bank of India board meeting on 23 Oct to review Q2 results | results | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.