Bank of India (BANKINDIA) announced its financial results for the quarter ended 30th June 2026, showcasing significant growth across various metrics. The bank’s net profit surged by 36.23% year-on-year to ₹3,068 crore, while its global business increased by 16.57% to ₹17,55,699 crore. Moreover, the operating profit rose by 25.99% to ₹5,051 crore, reflecting robust operational efficiency.

Profitability Boost

The bank’s net interest income (NII) climbed by 12.61% to ₹6,833 crore, and non-interest income grew by 19.07% to ₹2,579 crore. These gains contributed to a notable improvement in the cost to income ratio (CIR), which decreased by 498 basis points to 46.33%.

Asset Quality Enhancement

Bank of India’s asset quality also saw significant improvements. The gross non-performing assets (NPA) ratio declined by 111 basis points to 1.81%, and the net NPA ratio improved by 24 basis points to 0.51%. These improvements are indicative of the bank’s effective credit risk management.

Notably, the Return on Equity (ROE) increased by 257 basis points to 16.12%, and the Capital Adequacy Ratio (CRAR) rose to 18.69%, ensuring the bank’s financial health and stability.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Bank of India

Bank of India belongs to the Financial Services › Banks – Regional sector. Here’s a quick read on where the business and the stock stand today.

Bank moves sideways over three months, with neither buyers nor sellers taking control. The PEG of 0.15 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. D/E of 1.79 is elevated. As a result, debt servicing will compress free cash flow in a high-rate environment. The stock holds at 48% of its 52-week range with RSI at 48. In other words, neither side has a clear edge right now. Revenue grows at 7.3% and profits at 39.0%, and the dividend yield stands at 3.23%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Bank of India.

Bank of India (BANKINDIA) neared resistance, gaining +5% to ₹146.18 on the NSE on 10 Jul 2026. The move comes as the stock tests its 6M resistance trendline, which is currently at ₹148, just 1.6% above today’s price. This regional bank is part of the financial services sector, and today’s move appears to be driven by technical factors rather than sector-wide momentum.

Technical setup — trendlines & DMA

Currently, Bank of India is approaching its 6M resistance trendline at ₹148, which is 1.6% above today’s price. The 6M support trendline stands at ₹139.56, which is 4.53% below the current price. The 50-DMA is at ₹142.3, while the 200-DMA is at ₹146.8, indicating a bearish trend as the 50-DMA is below the 200-DMA. The stock is trading in the middle third of its 52W range, suggesting that a significant portion of potential upside may already be priced in.

Fundamentals & business context

With a PE of 5.8 and profit margins at 31.9%, Bank of India appears to be undervalued relative to its earnings quality. The revenue CAGR of 7.3% and profit CAGR of 39.0% indicate solid growth, though the market may not yet be fully pricing in this potential. Institutional ownership at 14.4% suggests that smart money views the stock favorably, though not overwhelmingly so. There was no NSE catalyst today, making the move primarily technical in nature.

Algorithmic scorecard

The overall algorithmic scorecard for Bank of India reflects a balanced view, with strong fundamental signals offset by weaker technical indicators. The strongest fundamental signals include the excellent profit CAGR of 39.0% and the undervalued PEG ratio of 0.15, suggesting robust growth and attractive valuation. On the technical side, the bearish trend indicated by the 50-DMA below the 200-DMA and the breakdown below support levels are the weakest signals, pointing to near-term technical challenges.

Company outlook

Management provided forward guidance indicating global advances growth of 15-16% and global deposit growth of 13-14% for FY27. They aim to drive growth in high-yielding advances to support margins and target a NIM of 2.70% for the year, aiming for 2.80% by March 27. Recovery from written-off accounts is expected to be between ₹2,500 to ₹3,000 crores in FY27, with a target CASA of around ₹3.30 lakh crores. Initiatives include the launch of Bharat Connect Biller Operating Services and a reduction in fresh slippages to ₹4,000 crores.

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Bank of India (BANKINDIA) breaks below support, falling -5% today. The stock has breached its 6-month support trendline, which was previously at ₹140.19, signaling a breakdown in the short-term trend. This move is technical, with no recent NSE filings to explain the sudden drop. Bank of India, a large-cap regional bank, is part of the financial services sector, and today’s move appears to be company-specific rather than a sector-wide phenomenon.

Technical setup — trendlines & DMA

The current trendline structure shows a breakdown below the 6-month support trendline, which ended at ₹140.19. The stock is now trading below this level, indicating a bearish sentiment. Resistance is seen at the 6-month resistance trendline end of ₹148.86. The 50-DMA is at ₹142.5, slightly above today’s price, while the 200-DMA is at ₹146.7, indicating a bearish trend as the 50-DMA is below the 200-DMA. The stock is currently in the middle third of its 52-week range, suggesting that while there is room for further downside, a significant portion of the potential move may already be priced in.

Fundamentals & business context

With a PE of 6.2, Bank of India appears undervalued given its profit margin of 31.9% and a revenue CAGR of 7.3% over the past five years. The market seems to be pricing in a turnaround, considering the stock’s current valuation relative to its earnings and growth metrics. Institutional ownership stands at 14.4%, indicating a moderate level of confidence from smart money. There are no recent NSE catalysts to explain today’s move, suggesting that the drop is likely driven by technical factors rather than new fundamental information.

Algorithmic scorecard

The overall algorithmic scorecard reflects a balanced view of Bank of India, with strong fundamental metrics offset by weaker technical indicators. The two strongest signals are the excellent efficiency, with a 31.9% profit margin, and the undervalued PEG ratio of 0.16, indicating that the stock is cheap relative to its growth. These signals suggest that the company has a solid profit-making capability and offers good value for its growth prospects. On the flip side, the two weakest signals are the high debt levels, with a D/E ratio of 1.79, and the weak technical trend, with the 50-DMA below the 200-DMA. These factors highlight the financial leverage risk and the current bearish technical sentiment, which investors should monitor closely.

Company outlook

Bank of India has provided forward guidance for FY27, targeting global advances growth of around 15-16% and global deposit growth of around 13-14%. The bank is focusing on driving growth in high-yielding advances to support margins and is aiming for a NIM of 2.70% for the entire year, with a target of as close to 2.80% as possible by March 27. The bank expects recoveries from written-off accounts to be between ₹2,500 to ₹3,000 crores in FY27 and is targeting CASA at around ₹3.30 lakh crores. Additionally, the bank plans to launch Bharat Connect Biller Operating Services and reduce fresh slippages to ₹4,000 crores.

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