Mumbai, Jan. 22 -- The Bank of India reported a 7.47 per cent year-on-year rise in net profit to Rs 2,705 crore for the third quarter of the current financial year FY26, reflecting improved asset quality, steady income growth and better operating performance.

As per the exchange filing by the bank, profit after tax (PAT) also increased by 5.88 per cent on a quarter-on-quarter basis, compared to Rs 2,555 crore in Q2 FY26. The bank's performance during the quarter was supported by an improvement in key asset quality indicators and controlled credit costs.

The bank also informed that the gross non-performing asset (NPA) ratio improved significantly to 2.26 per cent, showing an improvement of 143 basis points on a year-on-year basis.

The n...