Bank of India Q1 FY27: Business up 16.58% YoY

Stock reaction and why the update mattered

Bank of India’s provisional business update for the quarter ended June 30, 2026 (Q1 FY27) showed double-digit year-on-year growth across its core balance sheet lines. The headline number was global business of ₹17,55,915 crore, up 16.58% YoY, supported by an 18.64% rise in global gross advances and a 14.92% rise in global deposits. The update mattered to the market because advances grew faster than deposits, pointing to strong credit deployment.

The share price also reflected this interest. As of July 2, 2026 at 3:13 PM, Bank of India was trading at ₹144.70 on NSE, up 2.16% from the previous closing price, according to the market snapshot included in the text. Separately, the quick details section listed CMP at ₹144.35 and a market capitalisation of ₹65,717.78 crore.

Key dates: board meeting and earnings call

The bank’s board meeting was scheduled for July 24, 2026 to approve the Q1 FY27 unaudited financial results. The earnings call was also scheduled for July 24, 2026 at 6:30 PM in a hybrid format, led by MD and CEO Rajneesh Karnatak.

The provisional figures in the filing were stated to be subject to review by the auditors. Investors typically watch this transition from provisional operating metrics to approved unaudited results for confirmation and for any additional disclosures that come with the quarterly financial statements.

Provisional Q1 FY27: global business, deposits and advances

As of June 30, 2026, Bank of India reported global business at ₹17,55,915 crore, which was up 16.58% from the year-ago period. Global deposits stood at ₹9,58,117 crore, up 14.92% YoY. Global gross advances were ₹7,97,798 crore, up 18.64% YoY as per the exchange filings.

The year-on-year comparison figures provided in the text showed that global business increased from ₹15,06,142 crore to ₹17,55,915 crore. Over the same period, global deposits rose from ₹8,33,698 crore to ₹9,58,117 crore, and global gross advances climbed from ₹6,72,444 crore to ₹7,97,798 crore.

Domestic performance and RAM traction

In the domestic segment, deposits were reported at ₹8,25,157 crore, up 16.17% YoY. Domestic gross advances came in at ₹6,73,386 crore, up 19.12% YoY. The text also highlighted continued growth in RAM (Retail, Agriculture, and MSME) advances in the domestic market.

Domestic RAM advances were reported at ₹3,92,647 crore, up 19.69% YoY. The year-ago domestic comparisons in the text showed deposits rising from ₹7,10,277 crore to ₹8,25,157 crore, domestic gross advances increasing from ₹5,65,297 crore to ₹6,73,386 crore, and RAM advances moving from ₹3,28,048 crore to ₹3,92,647 crore.

Interest rate backdrop and margins to watch

The text noted that the repo rate was held steady at 5.25% throughout the quarter. In that context, Bank of India was described as being positioned to benefit from MCLR rebalancing.

A specific metric referenced was the bank’s domestic net interest margin (NIM) exit level of 2.84% in Q4 FY26. The commentary said this could potentially build toward the FY27 target of about 3%, but the update itself did not provide an audited Q1 FY27 NIM figure.

Asset quality focus: fresh slippages guidance

Asset quality remained a key focus in the preview commentary. Management set a fresh slippage target of about ₹4,000 crore for FY27, compared with ₹5,500 crore in FY26.

The text also flagged that investors will monitor whether seasonal trends in Q1 lead to any deviation from the implied run-rate. No Q1 FY27 slippage number was provided in the provisional business summary, so the key datapoint to track is how this guidance is reflected in the quarterly results disclosure.

Summary table: what the bank reported (provisional)

Market impact: growth vs guidance and deposit mix questions

The provisional print showed global advances growth of 18.64% YoY, which was described as tracking ahead of the bank’s FY27 guidance of 15-16%. That gap is one reason the update drew attention, since it suggests the bank entered FY27 with strong credit momentum.

At the same time, deposits rose 14.92% YoY globally, which is slower than the loan growth rate. This “advances outpacing deposits” pattern is often watched closely because it can influence funding costs and margins. The text linked the interest rate backdrop and MCLR rebalancing to the possibility of domestic NIM improving from the Q4 FY26 exit level of 2.84% toward about 3% for FY27, but confirmation will depend on the detailed quarterly financial results.

Other numbers mentioned: prior-quarter metrics and research estimates

The quick details section in the provided text listed previous quarter revenue of ₹5,026 crore, previous quarter PAT of ₹3,016 crore, and previous quarter NII of ₹17,049 crore. The same section cited a market cap of ₹65,717.78 crore and CMP of ₹144.35.

Separately, a research preview attributed to Uniresearch projected Bank of India’s Q1 FY27 revenue at ₹20,006 crore (+8.3% YoY) and PAT at ₹1,774 crore (-3.1% YoY), using Q1 FY26 actuals of revenue ₹18,467 crore and PAT ₹1,831 crore as the base. That section also stated that the Q1 results date was not yet officially announced in that context, while another part of the provided text referenced a board meeting scheduled for July 24, 2026.

Conclusion: confirmation awaits the July 24 disclosures

Bank of India’s Q1 FY27 provisional update pointed to broad-based balance sheet growth, led by an 18.64% YoY rise in global advances and a 16.58% YoY rise in global business to ₹17,55,915 crore. Domestic RAM advances also grew 19.69% YoY, showing continued traction in retail, agriculture and MSME lending.

The next key milestones are the board meeting on July 24, 2026 to approve the Q1 FY27 unaudited financial results and the earnings call later the same day at 6:30 PM, where investors will look for margin, asset quality, and guidance-related details beyond the provisional operating numbers.