Bank of India Q1 FY27: Business up 16.6% YoY, beats guidance

What Bank of India reported for Q1 FY27 so far

Bank of India (BoI) released a provisional business update for the quarter ended June 30, 2026 (Q1 FY27), indicating double-digit growth across deposits and advances. The update puts the spotlight on the bank’s operating momentum heading into FY27, especially the pace of credit growth. The disclosed numbers are provisional and subject to audit or review by statutory auditors.

The update also comes ahead of the scheduled board meeting and earnings call where the bank is expected to discuss its Q1 FY27 unaudited financial results. Market reaction was positive, with the stock rising more than 2% on the day of the business update, as per the prices mentioned in the provided text.

Global business crosses ₹17,55,915 crore

As of June 30, 2026, BoI’s global business stood at ₹17,55,915 crore, up 16.58% year-on-year (YoY). The same period last year is reported at ₹15,06,142 crore. The growth was supported by expansion in both deposits and advances.

On the liabilities side, global deposits were reported at ₹9,58,117 crore, registering 14.92% YoY growth versus ₹8,33,698 crore a year earlier. On the asset side, global gross advances rose to ₹7,97,798 crore, up 18.64% YoY from ₹6,72,444 crore.

Domestic franchise: deposits and advances both in double digits

The domestic segment showed faster growth in advances than deposits in the figures shared. Domestic deposits were reported at ₹8,25,157 crore, up 16.17% YoY from ₹7,10,277 crore. Domestic gross advances came in at ₹6,73,386 crore, up 19.12% YoY from ₹5,65,297 crore.

The update highlights the bank’s focus on scaling domestic lending while expanding the deposit base. It also signals that a significant portion of overall loan growth is coming from domestic operations, based on the narrative provided along with the data.

RAM advances growth stands out

A key datapoint in the provisional update is the performance of the RAM book (Retail, Agriculture, and MSME). BoI reported domestic RAM advances at ₹3,92,647 crore, up 19.69% YoY from ₹3,28,048 crore.

This matters because the bank has also indicated a focus on growing RAM, mid-corporate, and MCLR-linked loans to protect margins. The RAM growth rate reported in the provisional update is higher than the bank’s overall domestic advances growth rate, based on the numbers shared.

Growth runs ahead of FY27 guidance

BoI’s management guidance for FY27, as stated in the provided text, includes:

• Global advances growth: 15% to 16%
• Global deposits growth: 13% to 14%

Against this, the provisional Q1 FY27 update shows global gross advances up 18.64% YoY and global deposits up 14.92% YoY. The text also notes this is higher than the guidance given by management for the full financial year. Separately, management commentary in the provided text mentions the bank expects Return on Assets (RoA) to touch 1% in FY27.

Stock reaction and trading levels mentioned

The business update triggered a move in the stock on July 2, with the text citing the share price trading around ₹144.70 at 3:13 PM, up 2.16% from the previous close. Another datapoint in the same context mentions the stock trading at ₹144.53, around 2% higher, following the announcement.

The provided text also states the stock is down 1.7% year-to-date, and “needs to cross levels of ₹147 to turn positive” on a year-to-date basis. Separately, the quick details section lists CMP ₹144.35 and a market capitalisation of ₹65,717.78 crore.

Board meeting and earnings call scheduled on July 24

The provided text states that the board meeting is scheduled for July 24, 2026, to approve the Q1 FY27 unaudited financial results. It also notes an earnings call scheduled for July 24, 2026, at 6:30 PM (hybrid), to be led by MD and CEO Rajneesh Karnatak.

Because the business update is provisional, the board-approved results and management commentary are expected to provide more clarity on profitability, margins, and asset quality trends for the quarter.

Peer context: other banks also reported healthy growth

The text notes that several public and private sector banks, including Canara Bank, Indian Bank, Punjab and Sind Bank, Jammu and Kashmir Bank, and South Indian Bank, reported healthy growth in business volumes in Q1 FY27 despite geopolitical uncertainties related to the Middle East conflict. The same section adds that these banks reported double-digit advances growth.

For BoI, the disclosed numbers place it in the group of lenders reporting 10% to 20% YoY expansion in key balance-sheet metrics in the June quarter.

What to watch: provisional nature and upcoming audited review

A key risk highlighted in the provided text is that the numbers are provisional and subject to audit or review. Any material changes between provisional business figures and audited or reviewed financial statements can influence investor perception and valuation.

The same text also mentions that investors will watch for the final audited results to confirm the provisional numbers and assess profitability and asset quality. Separately, the quick details section includes “previous quarter” figures of revenue ₹5,026 crore, PAT ₹3,016 crore, and NII ₹17,049 crore.

Key figures snapshot

Analyst estimate mentioned for Q1 FY27 revenue and profit

The provided text also contains an estimates section attributed to “Uniresearch” describing a Q1 FY27 expectation of revenue ₹20,006 crore (+8.3% YoY) and PAT ₹1,774 crore (-3.1% YoY), using Q1 FY26 actual revenue ₹18,467 crore and PAT ₹1,831 crore as the base.

This estimate is separate from the bank’s provisional business update and is presented in the text as a preview or prediction.

Conclusion

BoI’s provisional Q1 FY27 update shows global business up 16.58% YoY, with advances growth (18.64%) outpacing deposits growth (14.92%), and domestic RAM advances rising 19.69% YoY. The update also indicates that early-year growth is tracking above the FY27 guidance ranges mentioned in the provided text.

The next key milestones are the July 24, 2026 board meeting to approve Q1 FY27 unaudited results and the 6:30 PM earnings call, where management commentary can help investors assess the quarter beyond business volumes.