Key Financial Performance (Q1 FY27 vs Q1 FY26)

Profitability Metrics:

  • Net Profit: ₹3,068 crore (up 36.23% YoY from ₹2,252 crore)
  • Operating Profit: ₹5,051 crore (up 25.99% YoY from ₹4,009 crore)
  • Net Interest Income (NII): ₹6,833 crore (up 12.61% YoY from ₹6,068 crore)
  • Non-Interest Income: ₹2,579 crore (up 19.07% YoY from ₹2,166 crore)
  • Global NIM: 2.52% (vs 2.55% in Jun'25)
  • ROA: 1.00% (achieved 1% target)

Business Growth (YoY):

  • Global Business: ₹17.55 lakh crore (up 16.57% from ₹15.06 lakh crore)
  • Global Deposits: ₹9.58 lakh crore (up 14.90% from ₹8.34 lakh crore)
  • Domestic Deposits: ₹8.25 lakh crore (up 16.15% from ₹7.10 lakh crore)
  • CASA: ₹3.02 lakh crore (up from ₹2.82 lakh crore); CASA Ratio: 36.68%
  • Global Gross Advances: ₹7.98 lakh crore (up 18.64% from ₹6.72 lakh crore)
  • Domestic Gross Advances: ₹6.74 lakh crore (up 19.20% from ₹5.65 lakh crore)
  • RAM Advances: ₹3.93 lakh crore (up 19.75% from ₹3.28 lakh crore); 58.30% of Advances
  • Gold Loan Book: ₹57,000 crore (up 52% YoY)

Asset Quality Metrics:

  • Gross NPA Ratio: 1.81% (improved 111 bps YoY)
  • Net NPA Ratio: 0.51% (improved 24 bps YoY)
  • Slippage Ratio: 0.24% (vs 0.33% in Jun'25)
  • Credit Cost: 0.15% (vs 0.17% in Jun'25)
  • Provision Coverage Ratio (PCR): 93.83% (vs 92.94% in Jun'25)
  • SMA (₹5 crore+): ₹4,090 crore (0.52% of standard book, down from ₹4,700 crore in Mar'26)
  • Fresh Slippages: ₹1,800 crore (vs ₹2,100 crore in Jun'25)

Capital Adequacy:

  • CRAR: 18.69% as on 30.06.2026 (improved from 17.39% as on 30.06.2025)

Institutional Initiatives Announced

Digital & Operational Enhancements:

  • Established dedicated centralized Sales Vertical to streamline business outsourcing
  • Set up Strategic Business Branch (SVB) in Mumbai for high-value pool buyouts, co-lending, TReDS, and supply chain financing
  • Launched Virtual Personalized Debit Card in RuPay variant through BOI Omni Neo Mobile Banking App
  • Introduced BOI Star Choice Current Account allowing clients to select last 7 digits of account number
  • Operationalized Centralized Video Customer Identification Process Centre in Mumbai for seamless digital account opening
  • Launched Kenya Mobile Banking App with M-PESA integration
  • Revamping Cash Management Services through BOI Services Ltd. with dedicated field staff deployment

Foreign Currency Fundraising Strategy

FCNR(B) Deposits:

  • Target: $1.2 billion by 30th September 2026
  • Current achievement: $200 million already garnered
  • Offering rates: 6.25% for 3-year, 6.30% for 3-4 year, 6.50% for 5-year deposits
  • Leverage product approved up to 9 times
  • International presence across 15+ countries with 250+ AD/NRI branches

Additional Fundraising Targets:

  • $2 billion through OFCB and MTN by 31st December 2026
  • $1 billion through ECB (already given in-principle approvals for $500 million)
  • Total target: $4.2 billion by end-December 2026

Business Pipeline & Strategy

Corporate Pipeline:

  • Total pipeline:超过 1 lakh crore
  • Corporate & international pipeline: ₹70,000 crore
  • RAM Advances digital book, pool purchase, TREDs, and supply chain financing: remaining pipeline

International Business:

  • International business touched ₹2.56 lakh crore
  • Strategy to reduce trade finance (32% of international book) and replace with domestic corporates and local overseas corporates to improve NIMs

Gift City Operations:

  • Key strategy for lending with good book creation
  • Part of international corporate pipeline

Asset Quality Management

West Asia Crisis Impact Assessment:

  • Monitoring sectors with direct impact: chemicals, ceramics, import-export (particularly oil/gas)
  • ECLGS scheme utilization: ₹6,000 crore sanctioned, ₹4,600 crore disbursed
  • Expected total ECLGS: ₹8,000 crore by scheme end
  • Working capital cycle increase being managed through government schemes

Gold Loan Performance:

  • Book: ₹57,000 crore with yield ~9.10%
  • NPA: <₹100 crore
  • Clear SOP for realization: sell gold after 3 notices within 90 days

Guidance & Outlook

FY27 Guidance (Unchanged):

  • Global advances growth: 15-16%
  • Global deposits growth: 13-14%
  • Global NIM: 2.55%-2.60%
  • ROA: Maintain 1%+ consistently
  • Cost to Income Ratio: 48%-49% (Q1 was 46%)

Strategic Focus Areas:

  • Balanced growth with improved deposit mix
  • Supporting credit demand across segments
  • Maintaining sound asset quality
  • Process efficiency through technology and customer service
  • Growing RAM advances, Mid Corporate, Corporate, International, co-lending, pool purchase, supply chain financing, and TREDs

Credit Card Business

  • Revamped credit card offering with systems established
  • Target: 3 lakh credit card base by end-FY27

Mutual Fund Business

  • BOI Mutual Fund AUM: ₹16,000-17,000 crore
  • No immediate plans for public issue; focus on growing AUM first

Cost Optimization

  • Rationalized ATMs (reduced by 300) where OPEX/CAPEX models were running losses
  • Part of cost optimization strategy contributing to lower cost-to-income ratio

Human Resource Development

  • Star Light program for upskilling and reskilling workforce
  • Mentor-mentee programs, coaching, and international training
  • Succession planning initiatives

Technology Investment

  • Significant spending on IT, digital, and cybersecurity
  • 22% of domestic credit sanctions through digital platform
  • Data lake project and CRM Next package generating business leads
  • AI capabilities and digital transformation driving business growth (₹18,000+ crore business built)

PSL Income

  • Q1 PSL income: ₹277 crore
  • Expected continued PSL income in Q2 and Q3 due to RAM advances growth

Regional Performance

  • Strong NRI franchise with 3+ lakh NRI, PIO, OIC customers
  • International centers: New York, London, Japan, Hong Kong, Singapore contributing to business growth