NSE: BANKINDIA · 7 October 2026
- Bank of India (BANKINDIA) shares advanced 1.05% during the trading session on 07 October 2026, closing at ₹133.55 compared to its previous close of ₹132.16. The stock moved within a day's range of ₹130.43 to ₹135.19, opening slightly lower at ₹131.50.
- Bank of India announced a revision to its Repo Based Lending Rate (RBLR) to 5.50% with immediate effect on 07 October 2026, following the Reserve Bank of India's repo rate hike. This adjustment brings the bank's effective RBLR to 8.35% from the previous 8.10%, while the markup remains unchanged at 2.85%.
- Trading volume was 1.91 times the 20-day average daily volume.
Why is Bank Of India share price rising on 7 October 2026?
Bank of India (BANKINDIA) shares advanced 1.05% during the trading session on 07 October 2026, closing at ₹133.55 compared to its previous close of ₹132.16. The stock moved within a day's range of ₹130.43 to ₹135.19, opening slightly lower at ₹131.50.
The broader market exhibited negative sentiment, with the Nifty benchmark declining by 0.76%. Despite the broader market weakness, Bank of India managed to register gains, outperforming the benchmark index.
On the corporate front, the bank announced on 07 October 2026 that its Repo Based Lending Rate (RBLR) has been revised to 5.50% following an upward revision in the repo rate by the Reserve Bank of India, bringing the effective RBLR to 8.35%. This update coincided with the release of provisional business figures for the second quarter of fiscal year 2027 on 03 October 2026, which showed global business expanding 21.07% year-on-year to ₹18,91,663 crore. Additionally, credit rating agencies S&P Global and Fitch recently assigned 'BBB' and 'BBB-' ratings respectively to the bank's USD 1 billion medium-term note programme established in late September 2026.
97.31 lakh shares traded by 7 October 2026 · 03:15 PM IST. This compares with a 20-day average daily volume of 50.97 lakh shares (1.91 times). The five-day average daily volume was 56.51 lakh shares. Separately, the NSE report for 6 October 2026 showed 13.94 lakh shares delivered, representing 42.48% of that day’s traded volume. The same report recorded 20,661 trades.
The stock gained 1.05% on elevated volume, outperforming a weaker broader market. While the move aligns with recent positive provisional business updates for Q2 FY27 and adjustments to lending rates following RBI announcements, no single intraday catalyst can be directly proven as the sole driver.
Latest Company Developments
Bank of India announced a revision to its Repo Based Lending Rate (RBLR) to 5.50% with immediate effect on 07 October 2026, following the Reserve Bank of India's repo rate hike. This adjustment brings the bank's effective RBLR to 8.35% from the previous 8.10%, while the markup remains unchanged at 2.85%.
Directly impacts floating-rate lending benchmarks and borrowing costs for retail and corporate customers.
The bank reported provisional global business figures for the quarter ended 30 September 2026, showing a year-on-year growth of 21.07% to ₹18,91,663 crore. Global deposits rose 21.60% year-on-year to ₹10,37,618 crore, while gross global advances grew by 20.43% to ₹8,54,045 crore.
Provides an early indication of balance sheet expansion and deposit-mobilisation momentum ahead of the financial results.
Bank of India established a USD 1 billion Euro Medium Term Note programme on 28 September 2026 to meet funding requirements for its head office and foreign branches. Subsequently, S&P Global Ratings assigned a 'BBB' long-term issue rating and Fitch Ratings assigned a 'BBB-' rating to the programme.
Enhances the bank's international fundraising capabilities and provides global debt market access with investment-grade ratings.
Union Bank of India shares drop 5% post Q1 business update, global business decline marginally on quarterl.
Schedule of Non-deal Roadshow with respect to fund raising through EMTN Program.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 4.13% on 30 June 2026. This compares with 3.41% on 31 March 2026, a change of +0.72 percentage points.
The filing reported 35 MF/UTI holders.
Research & Brokerage Views
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Historical Bulk / Block Deals
What to Watch Next
- Upcoming formal financial results and statutory auditor review for Q2 FY27
- Further updates regarding fund-raising progress under the newly established USD 1 billion EMTN programme
- Delivery percentages and volume trends relative to the 20-day average of 1.91x
- Management commentary on loan growth sustainability and net interest margins following the RBLR revision
Other Dated Coverage
- Why Bank of India Shares Rose 3.10% Today: Volume & Recovery | 5 October 2026 — 5 October 2026
- Bank of India in Focus Today After Credit Rating Filing | 1 October 2026 — 1 October 2026
- Bank of India Share Price Falls: Why BANKINDIA is Down Today | 28 September 2026 — 28 September 2026
More Bank Of India news and dated analysis →
Frequently Asked Questions
What is the latest Bank Of India company news?
Bank of India announced a revision to its Repo Based Lending Rate (RBLR) to 5.50% with immediate effect on 07 October 2026, following the Reserve Bank of India's repo rate hike. This adjustment brings the bank's effective RBLR to 8.35% from the previous 8.10%, while the markup remains unchanged at 2.85%.
How strong was Bank Of India’s trading volume?
97.31 lakh shares traded, 1.91 times the 20-day average daily volume. The price and volume data are dated 7 October 2026 · 03:15 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 June 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.