Bank of India hits 8-year peak after quarterly profit rise

Bank Of India

22/01/2026 04:52

** Shares of Bank of India BOI.NS rise 4.8% to 167.81 rupees, highest since January 2018

** Stock is top gainer in Nifty PSU Bank index .NIFTYPSU

** Bank's Dec-quarter net profit rises 7.5% year-on-year to 27.05 billion rupees ($295.50 million); quarterly interest earned rises 3.9% to 189.27 billion rupees

** ICICI Direct Research says bank’s guidance of stronger loan growth in the coming quarters, aided by a healthy disbursement pipeline and improving retail-to-corporate mix, remains a key positive, while further moderation in funding costs could support NIM expansion toward about 2.6% by FY-end

** Brokerage notes asset quality is expected to remain stable with strong provision coverage and controlled credit costs

** More than 18.9 million shares change hands vs 30-day avg of 9.4 million shares

** Stock rose 41.1% in 2025

($1 = 91.5400 Indian rupees)

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))