Bank of India Q2 results: Net profit rises 63% YoY to ₹2,374 crore, NII up 4% to ₹5,986 crore
Bank of India profit jumps 63 pc to ₹2,374 cr in Sept quarter.
New Delhi, Nov 11 (PTI)- Bank of India (BoI) on Monday reported a 63 per cent jump in net profit to ₹2,374 crore for the second quarter ended on September 30, 2024, on higher non-interest income.
The public sector bank had a net profit of ₹1,458 crore in the quarter ended in September 2023.
Total income increased to ₹19,872 crore in the July-September quarter of current fiscal, from ₹16,659 crore in the corresponding quarter of previous fiscal.
Net interest income (NII) increased by 4 per cent YoY to ₹5,986 crore for Q2FY25 against ₹5,740 crore in the year ago period. Non-interest income jumped 49 per cent YoY to ₹2,518 crore during the quarter under review, against ₹1,688 crore in the corresponding quarter of the previous fiscal.
Net non performing assets (NPA) declined by 29 per cent YoY from ₹7,978 crore in September 2023 to ₹5,649 crore in September 2024.
Bank of India shares closed at ₹112.25 , up 0.63 per cent over previous close on BSE.
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Business NewsCompaniesCompany ResultsBank of India Q2 results: Net profit rises 63% YoY to ₹2,374 crore, NII up 4% to ₹5,986 crore
First Published:11 Nov 2024, 06:19 PM IST
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