Thursday was a day full of activity for the stock market. After three days of continuous decline, the market opened with a green mark and a spectacular rise was seen. Immediately, the market’s main index Sensex crossed 800 points. Meanwhile, the shares of a government bank also showed such a feat which happened for the first time in its history after the year 2018. Yes, we are talking about Bank of India, whose shares reached all-time high for the first time since 2018. Bank shares made a high of up to 7 percent during the market.
Shares of Bank of India surged nearly 7 percent and were trading at Rs 168.4 per share, the stock’s highest level since January 2018. However, till the time of writing the news, its shares have declined slightly. Bank stock around 2 pm Was trading at Rs 165.65.
Why did the stock run away?
Bank of India reported standalone net profit of Rs 2,704.67 crore for Q3 FY26, up 7 percent from Rs 2,516.69 crore in Q3 FY25. Meanwhile, the bank’s net interest income increased by more than 6 percent year-on-year to Rs 6,460.69 crore in the quarter. Asset quality improved, gross NPA ratio and net NPA ratio reduced to 2.26 percent and 0.60 percent. Return on assets remained stable at 0.96 percent on an annual basis. Net profit margin increased to 12.75 percent in Q3 FY26 from 12.61 percent in Q3 FY25.
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condition of pnb
On one hand, there has been a rise in the shares of government bank, Bank of India. On the other hand, shares of another big government bank PNB Housing Finance witnessed a huge fall on Thursday. Shares of PNB Housing Finance fell 8 percent on January 22. This decline in its shares has occurred after the bank released its results for the third quarter of the financial year 2026.
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