Bank of India reports 26% rise in Q2 net profit

Bank Of India | Bank - Public | BFSI | BSE: 532149 | NSE: BANKINDIA

03 Nov 2014 Evaluate

Bank of India has reported results for second quarter ended September 30, 2014.

The bank has posted a rise of 26.41% in its net profit at Rs 786 crore for the quarter ended September 30, 2014 as compared to Rs 621.77 crore for the same quarter in the previous year. Total income has increased by 17.02% at Rs 12099.45 crore for quarter under review as compared to Rs 10339.55 crore for the quarter ended September 30, 2013.

Gross non-performing assets (NPAs) increased to 3.54% in the July-September quarter as against 2.93% in the same quarter previous year, while net NPAs stood to 2.32%.

Peers

Company Name	CMP
State Bank Of India	993.50
PNB	118.25
Bank Of Baroda	237.00
Canara Bank	125.80
Union Bank Of India	179.60
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