Mumbai, India | January 22, 2026
State-owned Bank of India reported a 7.5% year-on-year increase in its net profit for the third quarter of the current financial year, posting earnings of ₹2,705 crore, according to a regulatory filing made with stock exchanges on Wednesday.
The public sector lender’s profit growth was supported by higher income and a significant improvement in asset quality compared to the same quarter last year.
Income Rises in Q3
During the October–December quarter, the bank’s total income increased to ₹21,205 crore, up from ₹19,957 crore in the corresponding period of the previous financial year, reflecting steady growth in business operations.
Sharp Improvement in Asset Quality
Bank of India also reported a notable reduction in stressed assets. The gross non-performing asset (NPA) ratio declined sharply to 2.26%, compared with 3.69% a year earlier, indicating stronger recoveries and improved credit discipline.
Outlook
The improved profitability and lower NPAs highlight strengthening fundamentals across public sector banks amid a supportive credit environment. Market participants will closely track future quarters for trends in loan growth, margins, and asset quality.
