S&P Assigns BBB/A-2 Ratings to Bank of India; Outlook Stable

Mumbai, 8 September 2026: Bank of India has informed the stock exchanges that S&P Global Ratings has assigned issuer credit ratings to the bank.

Rating Details

• Long-term issuer credit rating: BBB

• Short-term issuer credit rating: A-2

• Outlook on the long-term rating: Stable

The ratings were assigned by S&P Global Ratings on 7 September 2026.

According to S&P, the ratings reflect a very high likelihood of government support if needed, given Bank of India’s role as a public sector bank and the government’s majority ownership. The agency also noted the bank’s sufficient capitalisation, solid funding and healthy liquidity as key supporting factors.

The stable outlook indicates that S&P expects the bank to maintain an adequate capital position along with solid funding and liquidity over the next two years.

Source: Official communication by Bank of India to BSE and NSE dated 8 September 2026, based on S&P Global Ratings’ research update dated 7 September 2026.