Price History
Bank of India announced that its Annual General Meeting (AGM) is scheduled for June 15, 2026, using virtual communication tools. Shareholders can expect a dividend of INR 4.65 per share for the financial year 2025-2026, with the record date set for May 29, 2026. e-Voting will be available from June 12-14, 2026.
Bank of India defied the Sensex's dip, posting a 1.8% gain to close at Rs.142.3. The surge may be attributed to increased trading volume and reevaluation of stock valuations, enticing investors.
In the fiscal year 2026, Bank of India experienced a significant 14.6% growth in its global business, reaching ₹16.98 lakh crore. The bank's gross non-performing asset (NPA) ratio improved to 1.98%. Operating profit increased by 4%, and net profit saw an impressive jump of 14% year over year (YoY). These positive figures indicate a strong performance for the Bank of India.
Bank of India strengthens its position in ASREC India by investing Rs. 22.6 crore, now owning a 27.3% stake. This strategic investment signifies ongoing support for their associated firm.
On May 11, 2026, Bank of India bucked the trend of a weak banking sector by experiencing an increase in trading volume and price, outshining fellow banks and market indices.
Morgan Stanley continues to view Bank of India as an underperformer, setting a price target at ₹115. Investors may wish to reconsider their holdings in the bank due to this bearish outlook.
Bank of India has released its Q4 results, and the bank's CEO, Rajneesh Karnataka, discussed the performance in a subsequent discussion.
Bank of India showed improved asset quality in FY26, with a significant decrease in the slippage ratio by 53 basis points year-over-year to 0.83%. This trend continued in Q4FY26, as the slippage ratio dropped another 14 basis points year-over-year to 0.18%, indicating better asset management.
Bank of India shows signs of improved asset quality in Q4 as GNPA drops to 1.98%, marking a decrease from 2.26% in the previous quarter. Additionally, NNPA declined to 0.56%, indicating further improvement compared to the earlier 0.60%.
Bank of India has announced a dividend of Rs. 4.65 per share for Q4 FY26, subject to the record date on May 29, 2026. The Annual General Meeting will be held virtually on June 15, 2026.
Bank of India's net profit for the fiscal year 2026 increased by 14.2% compared to the previous year, reaching ₹10,527 crore. This growth was driven in part by a decrease in Gross Non-Performing Assets (GNPA), which fell to 1.98%. This represents a significant drop of 129 basis points year over year.
Anticipation is building as State Bank of India, Bank of Baroda, and Bank of India are set to release their Q4 results, with investors particularly eager for SBI's financial guidance for FY27. Additionally, notable companies like Titan, Tata Consumer Products, ABB India, Britannia, and the BSE have reached new highs in key results.
Bank of India intends to raise Rs. 7,500 crore by issuing Tier-I and Tier-II bonds in the upcoming fiscal year, with Rs. 2,500 crore from Tier-I and Rs. 5,000 crore from Tier-II. Despite a 14.5% year-over-year growth in global business to Rs. 16.98 lakh crore, the bank's shares dropped by 2.3%, closing at Rs. 139.90 on BSE.
The Board of Bank of India will discuss a potential capital increase through Basel III AT-1 and Tier 2 bonds at their meeting scheduled on April 30, 2026, as part of plans for the upcoming financial year 2026-27.
Bank of India has announced a three-year extension for its CEO's tenure, with the new term running until further notice, effective from April 28, 2026. This decision was made public on April 23, 2026.
The Indian government has lengthened the tenure of Managing Directors (MD) at the Bank of India and Bank of Baroda by an additional three years. Specifically, Rajneesh Karnatak's term as MD of BoI has been extended until April 29, 2026.
Bank of India shows promising signs of a bullish trend, with its prices reaching new highs and lows, indicating a positive trajectory. Notably, the share price now hovers above both its mid and long-term moving averages, further strengthened by increasing trading volume.
The Reserve Bank of India has approved 15 banks, such as SBI, Axis Bank, and HDFC, to carry out gold and silver imports from 2026 through 2029. This decision aims to boost the domestic bullion market in India.
The Sensex increased by 196 points, reaching 78,307.5, with a similar uptick in the Nifty at 24,294.8. Notably, the PSU Bank index rose 0.53%, led by strong performances from Bank of India, PNB, and HDB Financial.
Ganesh Dongre from Anand Rathi suggests investing in SRF, Bank of India, and Sai Life Sciences amid ongoing US-Iran talks. The Nifty index experienced a significant rebound of 5.5%, closing at 24,050, due to strong buying interest. The Bank Nifty is approaching the resistance level at 57,000.
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.