India Ratings assigns Bank of India at BBB
Bank of India (BANKINDIA) said India Ratings has assigned its credit rating at BBB. The company is valued at about ₹59,294 crore.
What happened
In a filing with the NSE on 30 September 2026 at 05:54 PM, Bank of India (BANKINDIA) said that India Ratings has assigned its credit rating at BBB.
From the filing: "Rating Agency Fitch Rating Rating BBB- S&P Global Rating BBB ths Bank of ndla W1 TOE."
Company snapshot
Bank of India is a mid-cap company in the Financial Services sector, with a market value of about ₹59,294 crore.
The stock last traded at ₹130.2, against a 52-week range of ₹122.2–₹178.4 (27.0% below the high).
Before this filing the shares had moved −9.7% over the month and −8.2% over three months. Average daily turnover over the last 20 sessions was about ₹64.25 crore.
Promoters held 73.38% at the end of Q1 FY27. Foreign institutions owned 6.87% and domestic institutions 13.96%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 20,678 | 1,829.6 | 4.02 |
| Q2 FY26 | 20,740 | 2,576.7 | 5.66 |
| Q3 FY26 | 21,379 | 2,812.3 | 6.18 |
| Q4 FY26 | 22,853 | 3,087.8 | 6.78 |
| Q1 FY27 | 22,712 | 3,302.6 | 7.25 |
What history shows
BCEIE's records show 6 previous credit rating filings from the company since May 2026.
After those filings, the stock gained 0.1% on average the next trading day and was down 1.5% on average after five days (5 filings with price data).
Across 177 similar disclosures by other Financial Services companies, shares moved +0.1% on average the next day and +0.2% over five days; 48% of them rose the next day.
Market-wide, 1,184 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.2%, with 48% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 8 Sept 2026 | Credit Rating | −0.7% | −3.1% |
| 28 Aug 2026 | Credit Rating | −1.1% | −1.4% |
| 19 Aug 2026 | Credit rating | +0.8% | +2.0% |
| 14 Aug 2026 | Credit Rating | −1.4% | −1.5% |
| 17 Jul 2026 | Credit Rating | +2.7% | −3.7% |
What to watch
- Whether other agencies take a similar view on the company's credit.
In the news
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Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.