Bank of India(BOI) Q1 Results: Net profit surges 36% YoY, NII rises 13%

Bank of India(BOI) reported a strong set of financial results for the first quarter of the financial year, driven by healthy growth in profitability and steady improvement in asset quality. The public sector lender posted a 36% year-on-year (YoY) increase in net profit at ₹3,068 crore, compared with ₹2,252 crore in the corresponding quarter of the previous fiscal. 

The bank's Net Interest Income (NII), which measures income earned from lending activities after interest expenses, rose 13% YoY to ₹6,833 crore, up from ₹6,068 crore a year earlier. The increase reflects healthy growth in the bank's core lending operations and improved interest earnings.

Bank of India also reported continued improvement in its asset quality during the quarter. Gross Non-Performing Assets (GNPA) declined to 1.81% from 1.98% in the previous quarter, while Net Non-Performing Assets (NNPA) improved to 0.51% from 0.56% on a quarter-on-quarter basis. The lower bad loan ratios indicate better recovery efforts and stronger credit quality.

Net Profit up 36.2% to Rs 3,068 crore versus Rs 2,252 crore YoY

Net Interest Income (NII) up 12.6% to Rs 6,833 crore versus Rs 6,068 crore YoY

Gross NPA at 1.81% versus 1.98% QoQ

Net NPA at 0.51% versus 0.56% QoQ

Provisions to Rs 964 crore versus Rs 1,096 crore YoY

Provisions to Rs 964 crore versus Rs 990 crore QoQ

The lender's provisions stood at ₹963.6 crore, lower than ₹989.7 crore reported in the preceding quarter and ₹1,096 crore in the same quarter last year. The decline in provisioning reflects improving asset quality and reduced stress in the loan portfolio.

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Court Sentences Bank of India(BOI) Senior Manager to 7 Years Jail in Major Fraud Case

 

In a bank fraud case, the CBI Court in Bhopal convicted two defendants, Mohan Singh Solanki (a private individual) and Piyush Chaturvedi (then Senior Branch Manager, Bank of India, Misrod Branch, Bhopal), to seven years of rigorous imprisonment (RI) and a fine of Rs. 60,000.

Based on a written complaint submitted by the then-Dy. Zonal Manager, Bank of India, Zonal Office, Bhopal, the Central Bureau of Investigation (CBI) registered the case on January 25, 2016. On November 21, 2013, a term loan and cash credit limit of Rs. 30,00,000 were allegedly illegally and dishonestly approved in the name of M/s Sunny Enterprises by accused Piyush Chaturvedi, the Senior Branch Manager of the Bank of India, Misrod Branch, Bhopal.

On the same day, an RTGS transaction was used to fraudulently debit Rs. 22,00,000 from the account of M/s Sunny Enterprises based on a forged and fabricated RTGS form and voucher. The money was then transferred to the account of accused Mohan Singh Solanki's M/s Gold Fly Aish, and both accused misappropriated it in order to further their criminal conspiracy.

The Bank suffered a large loss as a result. After conducting an investigation, the CBI brought charges against Mohan Singh Solanki and Piyush Chaturvedi. Following the trial, the Hon'ble Court found the accused guilty and punished them appropriately.

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Bank of India (BOI) Global Business Crosses ₹17.55 Lakh Crore in Q1FY27

For the quarter that concluded on June 30, 2026, the public sector lender Bank of India (BoI) announced robust business growth. The bank's global operations grew by 16.58% year over year (YoY) to ₹17.56 lakh crore, according to a regulatory filing made to the stock exchanges. The bank also experienced good growth in worldwide deposits, advances, and domestic business throughout the quarter.

Particulars	June 30, 2025 (₹ Crore)	March 31, 2026 (₹ Crore)	June 30, 2026 (₹ Crore)	YoY Growth
Global Business	15,06,142	16,98,662	17,55,915	16.58%
Global Deposits	8,33,698	9,27,271	9,58,117	14.92%
Global Gross Advances	6,72,444	7,71,391	7,97,798	18.64%
Domestic Deposits	7,10,277	8,00,443	8,25,157	16.17%
Domestic Gross Advances	5,65,297	6,54,292	6,73,386	19.12%
Domestic RAM Gross Advances	3,28,048	3,84,327	3,92,647	19.69%

Bank of India’s global business, which comprises global deposits and total advances, amounted at ₹17,55,915 crore as on June 30, 2026. Compared to ₹15,06,142 crore on June 30, 2025, this is a 16.58% growth. As of March 31, 2026, the bank's worldwide operations were ₹16,98,662 crore.

As of June 30, 2026, the bank's worldwide deposits had increased to ₹9,58,117 crore from ₹8,33,698 crore in the same quarter last year. This is an increase of 14.92% from the previous year. The bank had ₹9,27,271 crore in global deposits as of March 31, 2026.

Bank of India’s global gross advances increased by 18.64% year-on-year to ₹7,97,798 crore, compared to ₹6,72,444 crore a year earlier. At the end of March 2026, the bank’s global gross advances were ₹7,71,391 crore.

The bank’s domestic deposits grew by 16.17% to ₹8,25,157 crore from ₹7,10,277 crore in the same quarter last year. Meanwhile, domestic gross advances increased by 19.12% year-on-year to ₹6,73,386 crore, compared to ₹5,65,297 crore as on June 30, 2025.

Bank of India’s Domestic RAM (Retail, Agriculture and MSME) Gross Advances also registered strong growth during the quarter. The RAM loan portfolio increased by 19.69% year-on-year to ₹3,92,647 crore, up from ₹3,28,048 crore a year earlier. At the end of March 2026, RAM advances stood at ₹3,84,327 crore.

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Bank of India(BOI) Credit Officer Notification 2026 Out

Bank of India (BOI) has announced a total of 779 vacancies for Credit Officers across various scales in the General Banking Officer (GBO). The official notification has been released on the official website https://bankofindia.co.in/, which includes complete details for the recruitment. The registration portal will open from 30th June 2026 onwards. 

Bank of India Credit Officer Notification 2026 PDF Out

Experienced credit professionals interested in the Bank of India Credit Officer Recruitment can refer to the official notification released on 29th June 2026. The detailed notification PDF with eligibility criteria has been released on the official website https://bankofindia.co.in/, inviting eligible graduate candidates to apply for 779 Credit Officer posts.

Bank of India Credit Officer Recruitment 2026- Overview

Bank of India (BOI) invited online applications from interested and eligible candidates to fill 514 Credit Officer vacancies. The selection process for Credit Officers in the GBO stream for SMGS-IV, MMGS-III and MMGS-II includes the online examination and interview.

BOI Credit Officer Recruitment 2026- Highlights
Bank Name	Bank of India (BOI)
Posts	Credit Officer
Vacancies	779
Project No.	2026-27/01
Mode of Application	Online
Registration Starts	30th June to 20th July 2026
Selection Process	Online Exam & Interview (depending on the number of applicants/eligible candidates)
Salary Range	Rs. 64820 to Rs. 102300
Official website	https://bankofindia.bank.in/

Bank of India Credit Officer Recruitment 2026 Important Dates

The schedule for online registration and fee payment is notified through the Bank of India Credit Officer Notification 2026. The Bank of India Credit Officer Registration window will open on 30th June 2026, and the application link will remain active till 20th July 2026. Check important dates from the table below.

Events	Dates
Notification Date	29th June 2026
Apply Online Starts	30th June 2026
Last Date to Apply	20th July 2026
Fee Payment	20th July 2026
Last Date of printing the application	—

BOI Credit Officer Recruitment 2026 Eligibility

The detailed post-wise educational qualification and experience criteria have been released along with the detailed Bank of India Credit Officer notification PDF.

Education Qualification

For Credit Officer MMGS-II & III (GBO): Graduation in any discipline with 60% marks (55% for SC/ST/OBC/PwBD) from a recognised University/Institute or equivalent. CA/CFA/CMA-ICWA or MBA/PGDBM/2-year PG in Banking/Finance/any credit-related field is also acceptable.​

For Credit Officer SMGS-IV (GBO): Graduation in any discipline with 60% marks (55% for SC/ST/OBC/PwBD) and MBA/PGDBM / 2-year full-time Master’s degree in any field or CA/CFA/CMA-ICWA from a recognised institute.

Age Limit (as on 01/06/2026)

 

• Credit Officer MMGS-II –  25 to 32 years
• Credit Officer MMGS-III – 28 to 38 years
• Credit Officer SMGS-IV – 32 to 45 years

Bank of India Credit Officer Salary 2026

Selected candidates will be placed in the following basic pay scales with applicable allowances and perquisites.

Scale	Pay Scale
MMGS-II	Rs. 64,820 – 2,340 – 67,160 – 2,680 – 93,960
MMGS-III	Rs. 85,920 – 2,680 – 99,320 – 2,980 – 1,05,280
SMGS-IV	Rs. 1,02,300 – 2,980 – 1,14,220 – 3,360 – 1,20,940

Click on following Links for more Details: 

Notification

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Apply Online 

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Bank of India(BOI) Branch Hit by Explosion During Alleged Robbery Attempt

Bank of India(BOI) branch on Parasia Road in Chhindwara, Madhya Pradesh, was the scene of a significant heist attempt. After cutting the shutter, the accused entered the bank while it was closed and attempted to break into the lockers. But the cops arrived on the scene in time to put an end to the robbery. However, the events that followed were even more horrific and deadly.

Superintendent of Police Ajay Pandey claims that at approximately 11:30 a.m., the police were notified that the Bank of India branch's shutter had been broken. Police had to go through two shutters in order to reach the first-floor bank branch.

When police tried to enter the bank, the accused lit a rope bomb (string bomb) filled with fuel. Panic resulted from the bomb's explosion. The accused wanted to frighten the policemen and flee the bank, according to the police.

Sub-Inspector Narayan Baghel pursued the accused in spite of the explosion. The accused used a sharp instrument that resembled a dagger to assault him during the pursuit. SI Narayan Baghel sustained a finger injury. He caught the accused in spite of his injuries. Soon later, other police officers arrived at the scene, and the accused was arrested.

The forensic team discovered that the accused had set fire to the bank's file department during the investigation. Additionally, he attempted to break into a locker, but the police arrived before he could take any money or goods. Despite reaching the lockers and trunks, the accused was unable to unlock them.

According to police, the bank was not manned by a security guard at the time of the event. The accused entered the bank by taking advantage of the lack of security. However, because the police arrived in time, no money or valuables were taken.

Initially, police suspected that two people were involved in the robbery. However, CCTV footage showed that only one person had entered the bank. Police searched the entire bank premises but did not find any other suspect. The arrested accused is being questioned to find out whether he had any accomplices. Further action will be taken based on the investigation.

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London High Court rules in Favour of Bank of India(BOI), orders Nirav Modi to pay over Rs.100 crore

The London High Court has ruled against Fugitive diamond trader Nirav Modi. The London High Court has ruled in favour of Bank of India in a long-running loan recovery case. The court held Nirav Modi liable to pay more than $10.7 million, which is over Rs 100 crore at current exchange rates.

What is the case about?

The dispute is related to a loan given by Bank of India to Firestar Diamond FZE, a Dubai-based company linked to Nirav Modi. The bank argued that Modi had personally guaranteed the loan and was therefore responsible for repaying the outstanding amount.

In the UK courts, Modi contested the assertion. He personally challenged the case in front of the London court earlier this year.

Nonetheless, the High Court decided in Bank of India's favor, concluding that the bank's claim was legitimate and enforceable. The decision permits the bank to pursue with recovery through UK legal processes.

This decision adds to a series of legal setbacks for Nirav Modi in Britain.

In March 2026, the London High Court rejected his attempt to reopen proceedings related to his extradition to India. The decision supported earlier rulings that approved his extradition.

Modi has been in custody in the UK since his arrest in London in March 2019. British courts have rejected several of his bail applications over the years.

Nirav Modi PNB Fraud Case

The Nirav Modi–PNB fraud case is one of the biggest banking scams in India. The fraud came to light in 2018 when Punjab National Bank (PNB) found that businessman Nirav Modi and his companies had obtained loans from overseas banks using fake Letters of Undertaking (LoUs).

Some bank employees assisted in issuing these letters of intent without adhering to the correct protocols or entering the transactions into the bank's database. Banks lost almost ₹13,000 crore as a result. Numerous residences and assets connected to Nirav Modi and Mehul Choksi were seized once the scam was discovered, prompting investigations by the CBI and Enforcement Directorate.

Nirav Modi was arrested in the UK in 2019 after leaving India before the fraud was discovered. India is still working to extradite him and bring him back. Stricter regulations on foreign trade financing transactions were among the significant banking sector improvements brought about by the case.

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Bank of India(BOI) branch in Uttar Pradesh is missing gold

Following the disappearance of gold valued at crores from a bank locker in Firozabad, Uttar Pradesh, three persons were arrested on Thursday. The Bank of India has reported the event.

Customers of the bank pledged this gold as security for the gold loan they had obtained from the bank. 96 packets containing pledged gold were discovered missing from the bank's Bharaul branch locker, according to officials. When a client comes to the bank for a gold loan, he gives the bank his gold, which is then securely stored in a vault. Two Bank employees still have the keys to this vault.

Aditya Pratap Singh, the chief manager of the bank's Agra regional office, filed a formal complaint against three workers, including the branch manager at the time, at the Araon police station on Wednesday night.

After investigating in the matter, it was found that bank staff member and key custodian Dilip Kumar, a resident of Basgaon village in Etawah district, had been absent without information since May 27.

Suspicion arose after the bank failed to contact him. Following this, senior security manager Ankit and senior manager (security) of the Ghiror branch, Sushil Kumar, were sent to the Bharaul branch on June 15.

Police said a duplicate key was arranged and the locker was opened in the presence of the bank’s panel advocate Shiv Kumar Sharma with video recording. Officials found that 96 gold loan packets were missing from the locker.

Following this, an FIR has been registered against former branch manager Sandeep Yadav, staff officer Dilip Kumar and credit officer/staff officer Naresh Kumar. More details will be released soon.

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Bank of India(BOI) Raises FD Rates Up to 7.60% for Super Senior Citizens, May 18, 2026

For balances under ₹3 crore, Bank of India has raised interest rates on its medium- and long-term fixed deposits. The updated prices go into effect on May 18, 2026.

In light of the present interest rate environment, the raise mainly covers deposit tenures between one and three years, providing depositors with larger returns.

Revised Fixed Deposit Rates (Less than ₹3 Crore)

 

Tenure	General Public	Senior Citizens	Super Senior Citizens
1 Year to < 2 Years	6.50%	7.00%	7.15%
2 Years to <3 Years	6.60%	7.10%	7.25%
3 Years	6.70%	7.20%	7.35%

 

 

Additional Benefits:

• For deposits of 3 years and above, Senior Citizens will get an extra 0.75% p.a. and Super Senior Citizens 0.90% p.a. over the card rates.

• Non-callable deposits (above ₹1 crore with minimum tenure of 1 year) will earn an additional 0.15% p.a.

• Senior/Super Senior Citizen additional rates apply on tenures from 6 months to less than 3 years as per the new structure.

Important Notes:

• Loan against Fixed Deposit facility and premature withdrawal are available only on callable deposits.

• Customers can open these Fixed Deposits at any Bank of India branch or digitally through the BOI Omni Neo App and Internet Banking.

 

Why This Matters

With RBI’s repo rate stance and softening inflation, several banks are selectively hiking FD rates to attract longer-term deposits. Bank of India’s latest revision makes its 2-3 year deposits quite competitive, especially for senior citizens who can now earn up to 7.60% on longer tenures.

Best For:

• Retirees looking for stable monthly/quarterly income

• Conservative investors seeking safety with higher returns

• Those planning to park funds for 1-3 years

Retail depositors are advised to compare rates across banks before booking, as small differences in rates can significantly impact returns on large deposits.

For more details visit https://bankofindia.bank.in

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