Transcript for Analyst & Investor call for Q1 FY27

isny swi y BariiofWu '^ ^tf^. Ref. No.:HO:IRC:SVM:2026-27:136 f^ti^ Date: 30 07.2026 Scrip Code: BANK1NDIA Scrip Code: 532149 The Vice President - Listing The Vice-President- Listing Department, Department, National Stock Exchange of India Ltd., BSE Ltd., Exchange Plaza, 25, P.J. Towers, Dalal Street, Bandra Kurla Complex, Bandra East, Mumbai400001. Mumbai400051. Unaudited (Reviewed) Financial Results for the 1st quarter ended 30th June, 2026 Bank's Earnin s Call with the Anal sts and Investors - Transcri t With reference to the above and pursuant to the applicable provisions of SEBI (LODR) Regulations, 2015, we herewith enclose the transcript of post results Earnings Call for Unaudited (Reviewed) Financial Result for the 1st Quarter ended 30th June, 2026 The transcript of Q1 FY27 Earnings Call is uploaded on Bank's website and the same can be accessed through below link: htt s: bankofindia. bank.in anal st-conference-call-transcri t This is for your information and records. Yours faithfully, (Usha Ramsinghani) Company Secretary wn7T <piq[ci<< Fi^if wro :ira?t?, ^eR^raw-i. aire^t'^iRici, ^ft-5, ^t-5?rftF, ^t5!r^rf^?r, ^i3T^,^f-40oo5i HeadO ffice:I nvestorR elationsC ell, StarH ouse-1,8thF loor,C -5,G -Block,B andraK uriaC omplex, Bandra( East), Mumbai- 4000 51 Ph.: (022) 66684 490/ 4491 Email:h eadoffice.share@bankofindia.bank.in Q1 FY27 Earnings Call Transcript July 24, 2026 Q1 FY27 Earnings Con-Call 24th July, 2026 Management: 1. Shri Rajneesh Karnatak, MD & CEO 2. Shri P.R. Rajagopal, Executive Director 3. Shri Subrat Kumar, Executive Director 4. Shri Rajiv Mishra, Executive Director 5. Shri Pramod Dwibedi, Executive Director Page 1 | 21 Q1 FY27 Earnings Call Transcript July 24, 2026 Moderator: Good evening, ladies and gentlemen. On behalf of Bank of India, I extend a warm welcome to all the esteemed analysts who have joined us today in person as well those who have joined us virtually from different cities across India. We are pleased to announce Bank of India’s financial results for Q1FY27. I would like to introduce the Bank of India’s management team present for today’s analyst meet Shri Rajneesh Karnatak - M.D. and CEO, Shri P.R. Rajagopal - Executive Director, Shri Subrat Kumar - Executive Director, Shri Rajiv Mishra - Executive Director and Shri Pramod Dwibedi - Executive Director. We will now begin this analyst briefing. To start, I would like to invite Shri Rajneesh sir to address this gathering. After which we’ll open the floor for the Q and A session. Sir, over to you. Shri Rajneesh Karnatak, MD & CEO: Thank you, madam. So, good evening ladies and gentlemen. Thank you for your joining us today. Ahead of our announcement for the financial results for Q1FY27. The first quarter of the year has been marked by changing global environment. While West Asia uncertainties continue to trade related developments remain fluid. The Indian economy has remained on a firm footing. Inflation has remained broadly contained. Although the uneven progress of the monsoon and its implications for food prices continue to warrant close attention. Domestic economic activity has remained steady and the Reserve Bank of India has maintained a supportive policy stance to support growth. These developments have created a favorable environment for the banking sector. The new financial year has opened a steady note building on the progress achieved so far. Our focus is on sustainable growth, prudent lending and disciplined execution across all our businesses. My remarks today are divided into three parts. First being the institutional initiatives. The second being the business and the third being profitability and asset quality. Page 2 | 21 Q1 FY27 Earnings Call Transcript July 24, 2026 1. Institutional Initiatives: i. So as far as the institutional initiatives are concerned, to sharpen its market focus and accelerate growth, Bank of India has established a dedicated, centralized Sales Vertical to streamline business outsourcing. This functional vertical holds end to end responsibility for driving customer acquisition, enhancing business productivity, and boosting revenue across the streams. ii. The second initiative that we have taken is on complementing this is the establishment of the Strategic Business Branch, the SVB at Mumbai,dedicated to capturing high value pool buyouts, co-lending, TReDS business and also supply chain financing. iii. With an aim to enhance digital convenience and seamless banking, Bank of India is now offering a Virtual Personalized Debit Card in the RuPay variant. Customers can instantly apply for, and self-activate the card directly through the BOI Omni Neo Mobile Banking Application. iv. The fourth initiative that we have taken is to elevate its user experience, the Bank has introduced the BOI Star Choice Current Account, which gives clients the unique capability to select the last 7 digits of their account number v. The Bank operationalized a Centralized Video Customer Identification Process Centre in Mumbai, enabling seamless end to end digital account opening through the E-Platform without manual intervention, driving operational efficiency and a frictionless customer service. vi. Digital Banking has taken a big leap forward in Kenya. Bank of India Kenya Mobile Banking App is now live, bringing customers the convenience of anytime banking, real time transactions, and seamless M-PESA integration. vii. To revamp the Bank’s existing Cash Management Services, BOI Services Ltd. is facilitating a proposed mechanism to deploy dedicated field staff on the ground. This on-the-street presence will allow us to leverage existing corporate relationships, driving both deposit growth and broader business opportunities Page 3 | 21 Q1 FY27 Earnings Call Transcript July 24, 2026 2. Business: i. As far as the business is concerned, Global business grew by 16.57% YoY from Rs. 15.06 lakh crore in Jun’25 to Rs. 17.55 lakh crore in Jun’26 with an incremental growth of Rs. 2.49 lakh crore. ii. Global Deposits increased by 14.90% YoY from Rs. 8.34 lakh crore in Jun’25 to Rs. 9.58 lakh crore in Jun’26 with incremental growth of Rs. 1.24 lakh crore. iii. As far as domestic deposits are concerned, Domestic Deposits increased by 16.15% YoY from Rs. 7.10 lakh crore in Jun’25 to Rs. 8.25 lakh crore in Jun’26. iv. CASA increased YoY from Rs. 2.82 lakh crore in Jun’25 to Rs. 3.02 lakh crore with incremental growth of Rs. 20,239 crore in Jun’26 and CASA ratio stood at 36.68%. v. As far as the global advances are concerned, Global Gross Advances increased by 18.64% YoY from Rs. 6.72 lakh crore in Jun’25 to Rs. 7.98 lakh crore in Jun’26 with an incremental growth of Rs. 1.25 lakh crore vi. As far as the domestic gross advances are concerned, Domestic Gross Advances increased by 19.20% YoY from Rs. 5.65 lakh crore in Jun’25 to Rs. 6.74 lakh crore in Jun’26. vii. RAM advances increased by 19.75% YoY from Rs. 3.28 lakh crore in Jun’25 to Rs. 3.93 lakh crore in Jun’26 constituting 58.30% of Advances in Jun’26. 3. Profitability & Asset Quality: i. As regards the profitability and the asset quality is concerned, Operating Profit improved by 25.99% YoY and stood at Rs. 5,051crore for Jun’26 against Rs. 4,009 crore in Jun’25. ii. Net Profit increased by 36.23% YoY and stood at Rs. 3,068 crore for Jun’26 against Rs. 2,252 crore in Jun’25. iii. NII increased by 12.61% YoY and stood at Rs. 6,833 crore for Jun’26 against Rs. 6,068 crore in Jun’25. Page 4 | 21 Q1 FY27 Earnings Call Transcript July 24, 2026 iv. Non-Interest Income increased by 19.07% YoY and stood at Rs. 2,579 crore for Jun’26 against Rs. 2,166 crore in Jun’25. v. Global NIM stood at 2.52% in Jun’26 against 2.55% in Jun’25. vi. Slippage ratio stood at 0.24% in Jun’26 against 0.33% in Jun’25. vii. Credit Cost declined to 0.15% in Jun’26 against 0.17% in Jun’25. viii. There has been improvement in asset quality with reduction in both Gross NPA ratio and Net NPA ratio. Gross NPA ratio improved by 111 bps YoY to 1.81% [Showing first 8,000 characters — download PDF for full document]