The Indian government is chalking out a plan to merge Mumbai-headquartered PSU lenders Union Bank of India and Bank of India as part of its latest banking reforms, Mint reported citing people ... Bank of India’s Q1 FY26 profit rose 32% YoY to ₹2,252 crore on strong credit growth, but soft NII and weaker asset quality metrics remain key concerns. The discussions at the finance ministry are around a merger of Union Bank of India and Bank of India, both headquartered in Mumbai. Bank of India News: Get the latest news today on Bank of India. Follow Business Standard for the complete news coverage and key information about the Bank of India.