Bank of India Q1 FY27 update: business up 16.6% YoY

What triggered the move in Bank of India stock

Bank of India (BOI) shares rose after the lender published a provisional business update for the June quarter, reporting double-digit year-on-year growth across deposits and advances. The disclosure came ahead of the formal Q1 FY27 unaudited financial results, which are scheduled for board approval on July 24, 2026.

The market’s immediate focus stayed on two points: the pace of credit growth and whether BOI is tracking ahead of its own FY27 guidance. The bank’s filing indicated that global gross advances growth of 18.64% YoY is above its stated full-year guidance range of 15% to 16%.

Share price check: BOI up more than 2%

On July 2, 2026, Bank of India shares traded around the mid-₹144 range after the business update. The stock was quoted at ₹144.70 at 3:13 PM on the NSE, up 2.16% from the previous close, according to the data provided. Another cited data point showed the stock trading near ₹144.53 after the announcement.

The quick snapshot shared alongside the update listed a market capitalisation of ₹65,717.78 crore and a CMP of ₹144.35.

Provisional Q1 FY27: Global business crosses ₹17,55,915 crore

As of June 30, 2026, BOI reported global business of ₹17,55,915 crore, a 16.58% YoY increase from ₹15,06,142 crore as of June 30, 2025. The update highlighted that the bank’s operating metrics were higher in the 10% to 20% range on a year-on-year basis.

The global business print is a combined view of deposits and advances. Investors typically track this as a broad indicator of balance sheet expansion, especially for public sector lenders where growth is often benchmarked against system credit and management guidance.

Deposits: Global deposits at ₹9,58,117 crore

BOI reported global deposits of ₹9,58,117 crore at the end of Q1 FY27, up 14.92% YoY from ₹8,33,698 crore a year earlier. In the domestic segment, deposits were reported at ₹8,25,157 crore, up 16.17% YoY from ₹7,10,277 crore.

The bank has also communicated a full-year FY27 growth outlook for deposits. For FY27, management has guided for global deposits growth of 13% to 14%, as per the provided context.

Advances: Global gross advances at ₹7,97,798 crore

On the lending side, BOI’s provisional global gross advances stood at ₹7,97,798 crore as of June 30, 2026, reflecting 18.64% YoY growth from ₹6,72,444 crore as of June 30, 2025. Domestic gross advances were ₹6,73,386 crore, up 19.12% YoY from ₹5,65,297 crore.

The filing also stated that the bank enters Q1 FY27 with “strong momentum,” with advances growth tracking ahead of FY27 guidance of 15% to 16%.

RAM advances: Retail, Agriculture, MSME at ₹3,92,647 crore

Within domestic loans, the Retail, Agriculture, and MSME (RAM) segment reached ₹3,92,647 crore as of June 30, 2026, up 19.69% YoY from ₹3,28,048 crore.

The management commentary included in the provided text also indicated a plan to protect margins by growing RAM, mid-corporate, and MCLR-linked loans. This matters because product mix and repricing characteristics can influence net interest margins in rising or shifting rate environments.

How the update lines up with BOI’s FY27 guidance

Two explicit guidance points were referenced:

• Global advances growth guidance for FY27: 15% to 16%
• Global deposits growth guidance for FY27: 13% to 14%

Against this, BOI’s provisional Q1 FY27 YoY growth rates were 18.64% for global gross advances and 14.92% for global deposits. That places both metrics above the guidance bands at this stage of the year, based on the disclosed provisional numbers.

Board meeting and earnings call: July 24, 2026

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

For investors, these events are likely to provide detail that a business update cannot. This includes profitability, margin movement, provisions, and any discussion of asset quality.

Key numbers at a glance

What else investors are tracking from recent quarters

The quick details included alongside the update listed the previous quarter revenue at ₹5,026 crore, previous quarter PAT at ₹3,016 crore, and previous quarter NII at ₹17,049 crore.

Separately, the provided context also mentioned that BOI reported a 14.85% increase in standalone net profit to ₹3,015.79 crore on a 4.3% increase in total income to ₹22,685.38 crore in Q4 FY26 over Q4 FY25.

A table snapshot in the provided material also listed quarterly items such as Net Interest Income, non-interest income, net income, provisions, and EPS for fiscal periods labelled Jun 25, Mar 26, and Jun 24. These historical line items are typically used to assess trends in core income versus fee and treasury performance, as well as the trajectory of credit costs.

Conclusion

Bank of India’s provisional Q1 FY27 business update showed broad-based balance sheet growth, with global business up 16.58% YoY and global gross advances up 18.64% YoY. The stock moved over 2% on July 2 as the market digested growth that is currently running above the bank’s FY27 guidance bands.

The next major checkpoint is July 24, 2026, when the board is scheduled to approve Q1 FY27 unaudited results and management hosts the earnings call at 6:30 PM, led by MD and CEO Rajneesh Karnatak.