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1 min read | Updated on November 11, 2024, 19:07 IST
SUMMARY
Bank of India (BoI) reported a 63% year-on-year rise in net profit, reaching ₹2,374 crore for the quarter ending September 30, 2024. This growth was driven by a significant 49% jump in non-interest income, which totaled ₹2,518 crore.
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Bank of India shares closed at ₹112.25, up 0.63% over previous close on BSE.
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 the current fiscal, from ₹16,659 crore in the corresponding quarter of previous fiscal.
Net interest income (NII) increased by 4% YoY to ₹5,986 crore for Q2FY25 against ₹5,740 crore in the year ago period. Non-interest income jumped 49% 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% 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% over previous close on BSE.
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