{
  "id": 16750327,
  "title": "Broker’s Call: Bank of India (Buy)",
  "url": "https://urgent.news/2026/10/27/brokers-call-bank-of-india-buy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-27T13:28:23.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/brokers-call-bank-of-india-buy/article71630787.ece"
  },
  "original_language": "en",
  "account": "Bank of India reported a 25.3% year-on-year increase in Q2FY27 PAT to ₹3,202 crore, propelled by a 33.2% rise in operating profit and lower net credit costs. Net interest income expanded 18.5% to ₹7,007 crore, while Global NIM moderated slightly. Non-interest income surged 24.8% to ₹2,770 crore, primarily due to a 190% jump in written-off recoveries. Global business advanced 21.1% to ₹18.93 lakh crore, driven by a 190% rise in written-off recoveries and increased deposits. Retail credit grew 19.3%. Management reiterated FY27 growth guidance of 15-16% in earnings and 16-17% in deposits. Asset quality strengthened as GNPAs declined and NPAs improved. The stock's medium-term outlook remains positive, supported by an improving business mix and lower credit costs. With current valuations at 0.7x FY28E adjusted book value, it remains attractively priced relative to peers. The report maintains a Buy rating with a Target Price of ₹174.",
  "summary": "Religare Broking",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}