Bank of India — Q1 FY27 earnings call
Summary generated by AI from the official transcript Bank of India filed with BSE on 30 Jul 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Bank of India reported Q1 FY27 net profit of Rs. 3,068 crore, up 36.23% year-on-year, with operating profit rising 25.99% to Rs. 5,051 crore. Global business grew 16.57% YoY to Rs. 17.55 lakh crore, and gross NPA ratio improved by 111 bps to 1.81% while net NPA ratio improved to 0.51%. Management reiterated FY27 guidance of 15-16% global advances growth and 13-14% global deposits growth, and discussed initiatives including FCNR deposit mobilisation, gold loan growth, and personal loan guardrails.
2 statements from this call are not shown because their supporting quotes could not be reproduced within our quoting limits. Nothing shown here is affected: every statement on this page carries its verified quote.
Numbers mentioned
Net Profit: Rs. 3,068 crore (Q1 FY27)
p. 5
“Net Profit increased by 36.23% YoY and stood at Rs. 3,068 crore for Jun’26 against Rs. 2,252 crore in Jun’25.”
Shri Rajneesh Karnatak, page 5 of the filed PDF · View the filing
Operating Profit: Rs. 5,051 crore (Q1 FY27)
p. 5
“Operating Profit improved by 25.99% YoY and stood at Rs. 5,051crore for Jun’26 against Rs. 4,009 crore in Jun’25.”
Shri Rajneesh Karnatak, page 5 of the filed PDF · View the filing
NII: Rs. 6,833 crore (Q1 FY27)
p. 5
“NII increased by 12.61% YoY and stood at Rs. 6,833 crore for Jun’26 against Rs. 6,068 crore in Jun’25.”
Shri Rajneesh Karnatak, page 5 of the filed PDF · View the filing
Non-Interest Income: Rs. 2,579 crore (Q1 FY27)
p. 6
“Non-Interest Income increased by 19.07% YoY and stood at Rs. 2,579 crore for Jun’26 against Rs. 2,166 crore in Jun’25.”
Shri Rajneesh Karnatak, page 6 of the filed PDF · View the filing
Global NIM: 2.52% (Jun'26)
p. 6
“Global NIM stood at 2.52% in Jun’26 against 2.55% in Jun’25.”
Shri Rajneesh Karnatak, page 6 of the filed PDF · View the filing
Gross NPA ratio: 1.81% (Jun'26)
p. 6
“Gross NPA ratio improved by 111 bps YoY to 1.81% for Jun’26.”
Shri Rajneesh Karnatak, page 6 of the filed PDF · View the filing
Net NPA ratio: 0.51% (Jun'26)
p. 6
“Net NPA ratio improved by 24 bps YoY to 0.51% for Jun’26.”
Shri Rajneesh Karnatak, page 6 of the filed PDF · View the filing
Provision Coverage Ratio: 93.83% (Jun'26)
p. 6
“Provision Coverage Ratio (PCR) improved to 93.83% in Jun’26 against 92.94% in Jun’25.”
Shri Rajneesh Karnatak, page 6 of the filed PDF · View the filing
CRAR: 18.69% (as on 30.06.2026)
p. 6
“As on 30.06.2026, Bank’s CRAR has improved to 18.69% from 17.39% as on 30.06.2025.”
Shri Rajneesh Karnatak, page 6 of the filed PDF · View the filing
CASA Ratio: 36.68% (Jun'26)
p. 5
“CASA increased YoY from Rs. 2.82 lakh crore in Jun’25 to Rs. 3.02 lakh crore with incremental growth of Rs. 20,239 crore in Jun’26 and CASA ratio stood at 36.68%.”
Shri Rajneesh Karnatak, page 5 of the filed PDF · View the filing
Global business: Rs. 17.55 lakh crore (Jun'26)
p. 5
“Global business grew by 16.57% YoY from Rs. 15.06 lakh crore in Jun’25 to Rs. 17.55 lakh crore in Jun’26 with an incremental growth of Rs. 2.49 lakh crore.”
Shri Rajneesh Karnatak, page 5 of the filed PDF · View the filing
PSL Income: Rs. 277 crore (Q1 FY27)
p. 16
“Yeah so as far as the PSL is concerned we have got a very good income of around 277 crores in the Q1 in PSL is concerned.”
Shri Rajneesh Karnatak, page 16 of the filed PDF · View the filing
Gold loan book: Rs. 57,000 crore (as on 30th June)
p. 12
“we have a book of somewhere around Rs. 57,000 crores as on the 30th of June and the yield in that is more than 9% somewhere around 9.10%.”
Shri Rajneesh Karnatak, page 12 of the filed PDF · View the filing
Gold loan growth: 52% YoY (YoY)
p. 12
“And the growth in the gold loan is somewhere around 52% on a YoY basis.”
Shri Rajneesh Karnatak, page 12 of the filed PDF · View the filing
International business: Rs. 2.56 lakh crore (Q1 FY27)
p. 15
“In fact, we have closed at around 2.56 lakh crores.”
Shri Rajneesh Karnatak, page 15 of the filed PDF · View the filing
FCNR deposits garnered: more than 200 million (as of call date)
p. 9
“presently as we talk, we have already garnered more than 200 million of FCNRB deposit.”
Shri Rajneesh Karnatak, page 9 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
ROA — 1% and above · FY27
stated firmly by Shri Rajneesh Karnatak
p. 17
“our guidance continues to remain the same that we would want to have a 1% and above ROA in FY27 on a consistent basis QoQ basis.”
Shri Rajneesh Karnatak, page 17 of the filed PDF · View the filing
Global NIM — 2.55% to 2.60% · FY27
stated firmly by Shri Rajneesh Karnatak
p. 17
“our guidance for the global NIM is somewhere around 2.55% to 2.60% for FY27.”
Shri Rajneesh Karnatak, page 17 of the filed PDF · View the filing
Cost to income ratio — 48%-49% · FY27
stated firmly by Shri Rajneesh Karnatak
p. 17
“during FY27 we should be somewhere around 48% - 49% on a consistent basis.”
Shri Rajneesh Karnatak, page 17 of the filed PDF · View the filing
FCNR(B) deposits — $1.2 billion · by 30th September
stated firmly by Shri Rajneesh Karnatak
p. 9
“we have ourselves set a target of around $1.2 billion that we will be mopping up under the FCNRB.”
Shri Rajneesh Karnatak, page 9 of the filed PDF · View the filing
OFCB and MTN fundraise — $2 billion · by 31st December 2026
stated firmly by Shri Rajneesh Karnatak
p. 11
“we have also set ourselves a target that will be raising around $2 billion.”
Shri Rajneesh Karnatak, page 11 of the filed PDF · View the filing
ECB fundraise — around 1 billion
stated conditionally by Shri Rajneesh Karnatak
p. 11
“there also in four to five accounts we have already given in principle approvals of around 500 million and we are very confident that there also we will be doing around 1 billion.”
Shri Rajneesh Karnatak, page 11 of the filed PDF · View the filing
ECLGS scheme sanctions and disbursals — around 8,000 crore · by scheme end
stated conditionally by Shri Rajneesh Karnatak
p. 8
“we expect that by the time the scheme comes to an end, we feel that around 8,000 crore of sanctions and disbursal will be able to do.”
Shri Rajneesh Karnatak, page 8 of the filed PDF · View the filing
Credit card base — 3 lakh cards · end of FY27
stated firmly by Rajiv Mishra
p. 19
“The target which we have set is to have a credit card base of 3 lakh by end of the FY27.”
Rajiv Mishra, page 19 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said SMA numbers have declined and slippages are lower than last year, with no major stress visible, though certain sectors like chemicals and ceramics are being monitored closely.
Answered by Shri Rajneesh Karnatak
Asked by Mr. Ashok Ajmera: Is stress building up in MSME and small loan accounts due to geopolitical developments, and what is the status of ECLGS-5 disbursement?
p. 7
“our SMA has now come down to 4090 odd crores which is only 0.52% of our standard book which was around 4700 crores as on 31st March 2026”
Shri Rajneesh Karnatak, page 7 of the filed PDF · View the filing
Management outlined a target of $1.2 billion in FCNRB deposits by September and detailed rates offered for various tenures.
Answered by Shri Rajneesh Karnatak
Asked by Mr. Ashok Ajmera: What is the bank's plan for FCNR and related foreign deposit routes given RBI's interest rate relaxation?
p. 9
“we are offering these products at for a three year FCNR we are giving 6.25%. For a three year to four year FCNR term we are giving 6.30% and for the five year we are giving 6.50%.”
Shri Rajneesh Karnatak, page 9 of the filed PDF · View the filing
Management said interest income will vary with rate cycles but they aim to grow advances in a secular, diversified manner to mitigate risk.
Answered by Shri Rajneesh Karnatak
Asked by Mr. Ashok Ajmera: Can treasury profit performance be sustained given adverse yield movements going forward?
p. 10
“we want to grow our RAM advances in retail, agriculture, MSME. We want to grow our Mid Corporate book. We want to grow our Corporate book.”
Shri Rajneesh Karnatak, page 10 of the filed PDF · View the filing
Management said Gift City is a key lending strategy with a strong corporate pipeline, and detailed the gold loan book size, yield and asset quality.
Answered by Shri Rajneesh Karnatak
Asked by Mr. Manoj Alimchandani: What is the bank's strategy for Gift City business and gold loans, which were not highlighted in the vertical performance slide?
p. 11
“our corporate pipeline is somewhere around 70,000 crore, as we speak which includes our pipeline for domestic corporates and also for the international corporates put together”
Shri Rajneesh Karnatak, page 11 of the filed PDF · View the filing
Management said leverage activity is currently limited but expected to grow, with a maximum leverage ratio of nine times.
Answered by Shri Rajneesh Karnatak
Asked by Mr. Sushil Choksey: What portion of the $1.2 billion FCNR target will be leveraged versus direct deposits?
p. 13
“we have more than 3 lakh NRI, PIO and OIC customers with us in Bank of India platform.”
Shri Rajneesh Karnatak, page 13 of the filed PDF · View the filing
Management described the Star Light reskilling program and digital sanction progress, noting a significant share of domestic credit is now digitally sanctioned.
Answered by Shri Rajneesh Karnatak
Asked by Mr. Sushil Choksey: How is the bank investing in human resources and technology to sustain performance?
p. 15
“At least 22% of our entire domestic book in the domestic credit is now digital sanctions.”
Shri Rajneesh Karnatak, page 15 of the filed PDF · View the filing
Management said there is room for further PSL income given RAM advances growth, and confirmed no plans for AS15 reversal at present.
Answered by Shri Rajneesh Karnatak
Asked by Lavish (Morgan Stanley, via Moderator): How should PSL income trend in coming quarters, and is there any AS15 provision reversal?
p. 16
“we have got a very good income of around 277 crores in the Q1 in PSL is concerned.”
Shri Rajneesh Karnatak, page 16 of the filed PDF · View the filing
Management reiterated ROA guidance of 1% and above, NIM guidance of 2.55-2.60%, and cost-to-income ratio guidance of 48-49%.
Answered by Shri Rajneesh Karnatak
Asked by Nitin (Aurum Capital, Pune, via Moderator): What is the guidance for ROA, NIM and cost-to-income ratio for FY27?
p. 17
“we would want to have a 1% and above ROA in FY27 on a consistent basis QoQ basis.”
Shri Rajneesh Karnatak, page 17 of the filed PDF · View the filing
Management said guardrails were introduced on low-ticket and non-salaried personal loans due to industry-wide risk concerns.
Answered by Shri Rajneesh Karnatak
Asked by Mr. Rohit Shinde: Why have personal loans grown only 3% YoY while other retail loans grew strongly?
p. 18
“we felt that the low ticket personal loans are at risk.”
Shri Rajneesh Karnatak, page 18 of the filed PDF · View the filing
Management said the credit card system was revamped last year and the bank now targets a base of 3 lakh cards by FY27 end.
Answered by Rajiv Mishra
Asked by Mr. Rohit Shinde: How many credit cards has the bank added year-on-year?
p. 19
“The target which we have set is to have a credit card base of 3 lakh by end of the FY27.”
Rajiv Mishra, page 19 of the filed PDF · View the filing
Management attributed the CASA/RTD decline to a structural shift in savings patterns and increased bulk deposit reliance to fund credit growth, while ATM reduction was linked to cost optimization by exiting loss-making CAPEX ATMs.
Answered by Shri Rajneesh Karnatak
Asked by Mr. Sharad Chandra: Why did CASA and retail term deposit ratios fall while cost of deposits also declined, and why were ATMs reduced?
p. 21
“there has been a structural change as far as the saving pattern is concerned in India.”
Shri Rajneesh Karnatak, page 21 of the filed PDF · View the filing
Risks flagged
Uneven monsoon progress and its implications for food prices requiring close attention
p. 3
“Although the uneven progress of the monsoon and its implications for food prices continue to warrant close attention.”
Shri Rajneesh Karnatak, page 3 of the filed PDF · View the filing
Direct impact on certain sectors such as chemicals, ceramics, and oil/gas import-export businesses from West Asia crisis
p. 8
“There are certain sectors where we feel that there has been direct impact, particularly sectors like chemical, sectors like ceramics and also sectors where import and exports are there, particularly import of oil or gas is there.”
Shri Rajneesh Karnatak, page 8 of the filed PDF · View the filing
Increase in working capital cycle due to supply chain crisis in West Asia
p. 8
“Apart from that because of the supply chain crisis which is happening in the West Asia there is also increase in the working capital cycle.”
Shri Rajneesh Karnatak, page 8 of the filed PDF · View the filing
NIMs under challenge due to prevailing interest rate scenario and West Asia crisis
p. 17
“Definitely NIMs are under challenge with the present interest rate scenario which is there and also the situation which is there in the west because of the West Asia crisis.”
Shri Rajneesh Karnatak, page 17 of the filed PDF · View the filing
Low ticket and non-salaried personal loans posing industry-wide risk
p. 18
“the non-salaried personal loans were also creating some issues as far as the industry was concerned.”
Shri Rajneesh Karnatak, page 18 of the filed PDF · View the filing
Geopolitical developments and evolving financial market conditions warranting close monitoring
p. 6
“geopolitical developments and evolving financial market conditions continue to warrant close monitoring.”
Shri Rajneesh Karnatak, page 6 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.