Bank of America (BoFA) has upgraded State Bank of India (SBI) to a 'Buy', setting a target price at ₹1,200, recognizing value in large banking institutions. On the other hand, concerns about asset quality have led BoFA to downgrade Union Bank and Bank of India to 'Neutral', potentially causing their share prices to decline by up to 3%.

Banks are experiencing funding constraints and are adjusting their FY26 growth strategy to focus more on volume expansion instead of margin growth due to a higher reliance on wholesale funding sources. Recent data from the RBI shows that bank advances have grown by 13.8%, surpassing deposit growth at 10.8%. This gap between loans and liabilities is widening, indicating increasing lending activities compared to deposit inflows.

Bank of India has announced new bond offerings with annual interest rates ranging from 7.1% to 8.6%. These bonds will mature between 2024 and 2035, including perpetual bonds, with individual issuances valued between 15-50 billion INR per ISIN.

Bank of India has successfully made its scheduled interest payments on Basel III bonds, ranging from Rs. 54.85 crore to Rs. 377 crore, on April 2nd, 2026, confirming the bank's financial reliability and adherence to payment deadlines.

In the fourth quarter of FY26, Bank of India's global business increased by 14.5%, reaching ₹16.98 Lakh Crore, with deposits growing by 13.6% and advances rising by 15.7%. The surge in RAM advances, amounting to ₹3.82 Lakh Crore, indicates a significant 18.6% year-on-year growth due to robust credit expansion and deposit accumulation.

Bank of India has successfully redeemed its Additional Tier I Bonds Series VII worth ₹602 crores on March 30, 2026. The bank exercised the call option, repaying the principal amount along with a broken period interest of ₹55.7 crores.

Bank of India has held its Marginal Cost of Funds Based Lending Rate (MCLR) and Repo-linked Base Rate Lending Rate (RBLR), with the one-year MCLR remaining at 8.75%. The bank has, however, reduced its base rate from 10% to 9.5%, also adjusting the fixed rate spread in the process.