Bank of India Q3 Net Profit Jumps 8% on Strong NII, Improved Asset Quality
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CNBC TV18•21-01-2026, 17:56
Bank of India Q3 Net Profit Jumps 8% on Strong NII, Improved Asset Quality
- •Bank of India reported an 8% year-on-year increase in net profit for Q3, reaching ₹2,705 crore.
- •Net interest income (NII) grew 6.5% YoY to ₹6,462.6 crore, driven by robust loan growth.
- •Asset quality significantly improved, with gross non-performing assets (GNPA) falling to 2.26% and net NPAs to 0.60%.
- •Global advances expanded by 13.63% YoY, with domestic advances up 15.16%, pushing total global business past ₹16 lakh crore.
- •Deposits increased 11.64% YoY, and the bank's capital adequacy ratio stood strong at 17.09%.
Why It Matters: Bank of India's Q3 performance highlights strong financial health with increased profits, NII, and better asset quality.
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