INSUBCONTINENT EXCLUSIVE:
Bank of India Q2 Outcomes: Net earnings skyrocketed 100 percent in the September quarterBank Of India revealed its July-September quarter
results for the financial year 2021-22, reporting a net profit of Rs 1,051 crore on a standalone basis, compared to Rs 526 crore in the
matching duration last year, marking a growth of practically 100 percent year-on-year
The state-run lending institution's net interest earnings (NII) stood at Rs.3,523 crore in the September quarter, compared to Rs 3,144
crore in the exact same quarter in 2015, signing up a development of 12.06 percent year-on-year
The bank's other earnings increased 59 percent to Rs 2,136 crore in the September quarter from Rs 1,346 crore in the corresponding period
in 2015, according to a regulatory filing by Bank of India to the stock exchanges today.The loan provider's operating profit decreased 5.4
per cent to Rs 2678 crore, compared to Rs 2,831 crore in the very same quarter last year.The bank's gross non-performing assets (GNPA)
decreased 10.30 per cent in the second quarter of the existing financial to Rs 50,270 crore, compared to Rs 56,042 crore in the preceding
April-June quarter.The net NPA declined 14.87 percent in the September quarter to Rs 12,424 crore, compared to Rs 10.576 crore in the
The bank's provision protection ratio (PCR) stood at 87.81 percent in the September quarter, compared to 86.17 per cent in the June
quarter, which supported its enhancement in asset quality.On Tuesday, November 2, shares of Bank of India settled 3.48 percent greater at Rs
Bank of India opened on the BSE at Rs 60.70, swinging to an intra day high of Rs 63.30 and an intra ay low of Rs 60.35, throughout the
