Bank of India Q4 asset quality improves, net profit nearly doubles; declares dividend

State-run Bank of India Ltd on Friday (May 8) reported an 82.5% year-on-year rise in net profit for the fourth quarter at ₹2,626 crore, compared with ₹1,439 crore in the corresponding quarter last year.

Net interest income (NII) for the quarter increased 2.1% to ₹6,063 crore from ₹5,936 crore a year earlier. Gross non-performing assets (NPA) ratio improved to 1.98% in the March quarter from 2.26% in the previous quarter, while net NPA stood at 0.56% against 0.60% quarter-on-quarter.

Provisions for the quarter were ₹989.8 crore, compared with ₹576 crore in the preceding quarter and ₹1,338 crore in the same period last year.

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The bank recommended a dividend of ₹4.65 per equity share (46.50%), on a face value of ₹10 each fully paid-up, for FY2025-26, subject to approval of shareholders at the ensuing Annual General Meeting.

The bank has fixed May 29, 2026, as the record date/cut-off date for the purpose of dividend payment. Shareholders holding shares as on the cut-off date will be eligible for the dividend payment.

Shares of Bank of India Ltd ended at ₹139.75, down by ₹0.55, or 0.39%, on the BSE.