Bank of India has reported results for third quarter ended December 31, 2016.
The bank has reported a net profit of Rs 101.72 crore for the quarter as compared to net loss of Rs 1505.58 crore for the same quarter in the previous year. Total income of the bank increased by 4.57% at Rs 11594 crore for quarter under review as compared to Rs 11086.95 crore for the quarter ended December 31, 2015.
The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 13.38%, as compared to 9.18% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 7.09% in Q3FY17.