MoneyWorks4Me

Bank of India reports net loss of 741 crore in Q1

12 Aug 2016 Evaluate

Bank of India has reported results for first quarter ended June 30, 2016.

The bank has posted a net loss of Rs 741.36 crore for the quarter ended June 30, 2016 as compared to a net profit of Rs 129.72 crore for the same quarter in the previous year. Total income of the bank decreased by 6.15% to Rs 10664.36 crore for the quarter under review from Rs 11659.16 crore for the corresponding quarter of the previous year.

The bank’s gross NPA for the April-June quarter of the current fiscal increased to 13.38%, as compared to 6.80% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 7.78% in Q1FY17.

Peers
Company Name CMP
State Bank Of India 955.90
PNB 116.55
Bank Of Baroda 237.60
Canara Bank 120.20
Union Bank Of India 171.50
View more..