S&P Global Ratings assigned a BBB long-term rating to Bank of India. This rating reflects sufficient capitalisation, solid funding, and healthy liquidity for the bank. The agency noted the likelihood of extraordinary government suppo
rt if needed for the state-run bank. Bank of India's role in financial inclusion and strong government links underpin its creditworthiness. Profitability and asset quality lagging industry averages temper these strengths, S&P stated.