Bank of India identifies 3-4 NPAs to transfer to NARCL by Q3FY26

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State-owned lender, Bank of India identified three or four non-performing loans accounts (NPA), that the lender plans to transfer to National Asset Reconstruction Company Limited (NARCL) by the third quarter of the current financial year, senior executive of the told Moneycontrol on July 29.

"The discussions are going on with the NARCL, the transfer and bids will take place by Q3," bank official said.

The official has also said that the Bank of India have less exposure in these accounts.

In April-June quarter, the bank has recovered 276 crore from NCLT accounts.

The bank has 308 accounts in the NCLT, with 220 accounts in cases filed and admitted in NCLT by other banks, 68 accounts in cases filed and admitted in NCLT by Bank of India.

The total book outstanding amount of NCLT is Rs 32,734 crore in Q1FY26, as per investor presentation. The provisions held on this outstanding amount was Rs 30,513 crore.

The asset quality of the bank in the reporting quarter improved, with gross non-performing assets (NPA) ratio stood at 2.92 percent as on June 30, 2025, as compared to 3.27 percent as on March 31, 2025, and 4.62 percent as on June 30, 2024.

The net NPA ratio stood at 0.75 percent in Q1FY26, as compared to 0.82 percent in a quarter ago period and 0.99 percent in a year ago period.