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← CockpitCompetitor Analysis › BANKINDIA.NS Bank of IndiaOpen in the cockpit ↗

Bank of IndiaBANKINDIA.NSCompetitor analysis, valuation and peers

India · INR·Financials›Major Banks

State-owned Indian public sector bank with a significant international presence, offering retail and corporate banking.

≈ A state-owned mid-size US regional bankMomentum neutral 59
Mkt cap
$6.68B
US dollars, full cap
Free float
27%
of shares outstanding
$/day
$12.4M
20-day average traded
P/B
0.67×
price to book
ROE
14.1%
delivered
Implied ROE
12.5%
what the price asks
Next earnings
84 days
29 Jan 2027
Close · INR₹138.57
1D-0.3%
1W+4.3%
1M+3.8%
3M-2.9%
6M-1.3%
YTD-3.7%
1Y-0.2%
ATR %2.9%
Beta1.36
52w lowhigh22.3% off high

What Bank of India does

State-owned Indian public sector bank with a significant international presence, offering retail and corporate banking.

Earns the spread between lending and deposit rates, with an extra income stream from overseas branches and foreign-currency business serving the Indian diaspora and Indian companies abroad. The Government of India holds the large majority of shares and has injected capital in past years.

In one line: A state-owned mid-size US regional bank.

Products and services

  • Retail banking (deposits/loans)
  • Corporate/MSME lending
  • International banking operations

Customers

  • Retail depositors/borrowers
  • MSMEs
  • International/NRI customers

Where it sits in the supply chain

  • Financials
  • Banking
  • Public sector bank - India

What could go right

  • Credit growth in India
  • NRI/international remittance business

What could go wrong

  • Asset quality/NPA risk in corporate lending
  • Government policy/priority-sector lending constraints

Moat: narrow (scale, regulatory licence, distribution). A large domestic and international branch network with government backing supports stable, low-cost deposit funding.

Headquarters: Mumbai, India · Founded: 1906 · Employees: 51,010

Named competitors

Bank of India at a glance

Size Bank of India (BANKINDIA.NS) is an India Financials company (Major Banks) with a market value of $6.68B, the 169th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹138.57 on 6 Nov 2026.

Performance Over six months the shares fell 1.3%, against +5.4% for the median peer and 0.0% for the India market (cap-weighted) — 7th lowest of 21 in its peer set.

Growth Revenue grew 9.2% over the last twelve months (peer median +7.0%); the operating margin is 42.3% (peer median 37.9%).

Valuation It trades at 0.67× book value against a peer median of 1.12× (4th cheapest of 21).

Price implies The share price implies a return on equity of about 12.5%; Bank of India delivers 14.1%, so the price asks less than the business earns today.

Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026Peer median 106BANKINDIA.NS 99
Six months, rebased to 100: Bank of India against the median of its 20 peers (local-currency closes).

Bank of India financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹911B₹859B₹801B₹674B₹550B
Revenue growth—+7%+19%+22%—
Net income₹125B₹103B₹95.5B₹65.6B₹38.4B
Free cash flown/a₹175B₹210B₹155B₹130B
Capital expendituren/a₹8.90B₹7.23B₹8.51B₹6.23B
Total debt₹1.22T₹1.70T₹1.73T₹1.28T₹1.17T

Quarterly statements and history in the cockpit →

Bank of India competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-10%0%+10%+20%-20%-10%0%MAHABANKFNBIOBRBLBANKBGEO0023CEINDUSINDBK7167VLY8354YESBANKBOKFASB3698AVALAXSGKN601963FEDERALBNKBANKINDIA.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Bank of India is the large dot.

Fundamentals: return on equity against price-to-book

5%10%15%20%0.50×10×1.50×20×MAHABANKFNBIOBRBLBANKBGEO0023CEINDUSINDBK7167VLYBOKF3698AVALAXSGKN601963FEDERALBNKBANKINDIA.NSReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Bank of India is the large dot.

Capital: ROE delivered against the ROE the price implies

10%20%10%20%MAHABANKFNBIOBRBLBANKBGEO0023CEINDUSINDBK7167VLY8354YESBANKASB3698AX601963FEDERALBNKBANKINDIA.NSROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Bank of India is the large dot.

Bank of India competitors and peer comparison

Head to head with its named competitors (BANKINDIA.NS vs BANKBARODA.NS vs PNB.NS vs SBIN.NS)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Bank of India BANKINDIA.NS$6.68B-1%+9%14%0.67×12.5%
Bank of Baroda BANKBARODA.NS$13.7B-7%+8%12%0.74×13.2%
Punjab National Bank PNB.NS$15.4B+16%+3%15%0.90×17.0%
State Bank of India SBIN.NS$99.5B-7%+6%15%1.40×20.7%
Canara Bank CANBK.NS$11.8B-10%-7%17%0.87×17.1%
Union Bank of India UNIONBANK.NS$15.1B+12%0%16%0.99×16.4%
Indian Bank INDIANB.NS$12.9B+5%+12%16%1.40×18.5%
Central Bank of India CENTRALBK.NS$2.93B-18%+8%12%0.67×10.9%
UCO Bank UCOBANK.NS$3.17B-13%+1%9%0.86×13.6%

How Bank of India compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Bank of India against its 20 peers (data as of 6 Nov 2026)
MeasureBANKINDIA.NSPeer medianRank in peer set
1-month return+3.8%+1.2%6th highest of 21
6-month return-1.3%+5.4%7th lowest of 21
Return on equity14.1%10.0%5th highest of 21
Price / book0.67×1.12×4th cheapest of 21
Trailing P/E5.0×11.4×2nd cheapest of 21
ROE the price implies12.5%10.6%10th most demanding of 20
ROE delivered14.1%10.0%5th highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Bank of India BANKINDIA.NSIndia$6.68B-1%+9%14%0.67×12.5%14.1%
Bank of Maharashtra MAHABANK.NSIndia$7.08B+2%+17%23%1.79×26.2%23.3%
F.N.B FNBUnited States$6.28B0%+2%9%0.92×8.9%9.0%
Indian Overseas Bank IOB.NSIndia$6.23B-13%+14%18%1.46×17.2%17.9%
RBL Bank RBLBANK.NSIndia$6.21B+10%+9%4%1.35×23.1%4.0%
Lion Finance BGEO.LUnited Kingdom$7.39B+20%+19%27%1.89×21.1%27.3%
Bank of East Asia 0023.HKHong Kong$6.03B+27%-9%3%0.44×5.2%3.2%
Credito Emiliano CE.MIItaly$7.48B+26%-2%12%1.41×13.1%12.3%
IndusInd Bank INDUSINDBK.NSIndia$7.48B-4%-2%5%1.04×17.8%4.5%
Mebuki Financial 7167.TJapan$7.57B+6%+25%9%1.16×6.2%9.2%
Valley National Bancorp VLYUnited States$7.75B+5%+3%9%1.03×10.6%9.4%
Fukuoka Financial 8354.TJapan$7.75B0%+22%9%1.08×7.0%8.7%
Yes Bank YESBANK.NSIndia$5.72B-24%+5%8%1.01×15.3%8.2%
BOK Financial BOKFUnited States$7.87B-2%+3%11%1.33×10.6%11.2%
Associated Banc-Corp ASBUnited States$5.64B+6%+23%10%1.07×9.3%10.2%
Huishang Bank 3698.HKHong Kong$8.31B-8%+1%11%0.36×3.8%10.7%
Grupo Aval Acciones y Valores SA Sponsored ADR Pfd AVALUnited States$5.29B-5%+15%11%0.95×7.8%10.8%
Axos Financial AXUnited States$5.26B+7%+18%17%1.60×16.5%16.7%
St.Galler Kantonalbank SGKN.SWSwitzerland$5.22B+19%-13%8%1.37×n/a7.6%
Bank of Chongqing 601963.SSChina$5.13B+7%+5%10%0.65×3.0%9.8%
Federal Bank Ltd. (India) FEDERALBNK.NSIndia$8.81B+14%+11%13%1.97×27.7%13.1%

Questions

Who are Bank of India's main competitors?
Named competitors: Bank of Baroda (BANKBARODA.NS), Punjab National Bank (PNB.NS), State Bank of India (SBIN.NS), Canara Bank (CANBK.NS), Union Bank of India (UNIONBANK.NS), Indian Bank (INDIANB.NS). The cockpit's measured peer set (industry) also includes Bank of Maharashtra (MAHABANK.NS), F.N.B (FNB), Indian Overseas Bank (IOB.NS), RBL Bank (RBLBANK.NS), Lion Finance (BGEO.L), Bank of East Asia (0023.HK).
Is Bank of India expensive compared with its peers?
On price / book it trades at 0.67× against a peer median of 1.12×, 4th cheapest of 21 in its peer set. The share price implies a return on equity of about 12.5%; Bank of India delivers 14.1%, so the price asks less than the business earns today.
How has Bank of India stock performed?
Over six months to 6 Nov 2026 the shares returned -1.3% against +5.4% for the median peer; over one year -0.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.