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Bank of India’s Q1 FY26 profit rose 32% YoY to ₹2,252 crore on strong credit growth, but soft NII and weaker asset quality metrics remain key concerns. The discussions at the finance ministry are around a merger of Union Bank of India and Bank of India, both headquartered in Mumbai. Bank of India share jumped 5.79 per cent at Rs 104 a piece on the BSE in Monday’s intraday trade. This came after the public sector bank reported robust growth in the third quarter of the financial year 2024-25 (Q3FY25), with net profit increasing by 35 per cent year-on-year to Rs 2,517 crore ... The Indian government is chalking out a plan to merge Mumbai-headquartered PSU lenders Union Bank of India and Bank of India as part of its latest banking reforms, Mint reported citing people ...
