Bank of India Q1 business rises 16.58%, in line with sector
Global business hits ₹17,55,915 crore as deposits and advances climb 14.92% and 18.64% respectively. Provisional data lacks profit or asset quality metrics, offering no surprise.
What's new
- Global business rose 16.58% YoY to ₹17,55,915 crore in Q1 FY27.
- Deposits up 14.92% YoY; gross advances surged 18.64%.
- Domestic retail, agri & MSME advances expanded 19.69%.
Why this matters
The growth is solid but not market-moving. Without profit or asset quality data, the numbers are a directional check-in. The stock's P/E of 6.4x and ROE of 13.1% suggest the market already prices in this trajectory.
What we're watching
- Final audited Q1 results for NIM, asset quality and provision trends.
- Whether deposit growth outpaces advances, pressuring margins.
- Any update on the bank's capital adequacy ratio.
The full read
Bank of India's provisional Q1 FY27 numbers are a routine pulse-check. Global business grew 16.58% YoY to ₹17,55,915 crore, with deposits up 14.92% and advances up 18.64%. Domestic RAM advances led at 19.69% growth. No surprise there — the sector has been running at similar clips. The filing is thin on the details that matter: profit, NIM, and asset quality, all of which will come in the audited release. For a ₹65,886 cr PSU bank trading at 6.4x trailing earnings, these numbers are a steady beat, not a catalyst. Hardly a market mover. The story changes only when the final print lands, and not before.
Questions answered
- What were Bank of India's key business growth drivers in Q1 FY27?
- Global business rose 16.58% YoY driven by 14.92% deposit growth and 18.64% advance growth. Domestic advances were particularly strong at 19.12% YoY, with RAM (retail, agri, MSME) jumping 19.69%.
- Does this provisional data include profit or asset quality metrics?
- No. The filing only covers business volumes (deposits and advances). Profit, NIM, NPA ratios and capital adequacy will be available in the audited quarterly result.
- How do these numbers compare with sector trends?
- The growth is in line with the broader PSU banking sector, where credit growth has been in the 15-20% range. No material surprise relative to expectations.
- Are these figures final or subject to change?
- The bank explicitly states the numbers are provisional and subject to review by statutory auditors. Final numbers may differ slightly.
- What is the market cap and valuation of Bank of India?
- Bank of India has a market cap of ₹65,886 crore, trailing P/E of 6.4x and ROE of 13.1%. The valuation reflects a steady but low-growth PSU bank profile.