Bank of India has reported results for its third quarter ended December 31, 2011.
The bank has reported a rise of 9.64% in its net profit of Rs 716.15 crore for the quarter ended December 31, 2011 as compared to Rs 653.16 crore for the same quarter in the previous year. Total income has increased by 30.85% from Rs 6,115.76 crore for Q3FY11 to Rs 8,002.27 crore in the quarter under review.
The banks’ gross NPA stood at 2.74% for the quarter ended December 31, 2011 as compared to 2.36% in the quarter ended December 31, 2010. Its net NPA also rose at 1.78% in Q3FY12 as compared to 0.88% in Q3FY11. Further, the bank’s Return on Assets (ROA) has declined to 0.80% for the quarter from 0.89% in the similar quarter of the last year.
