Bank of India reports 8% rise in Q1 net profit

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

31 Jul 2018 Evaluate

Bank of India has reported results for first quarter ended June 30, 2018.

The Bank has reported 8.44% rise in its net profit at Rs 95.11 crore for the quarter under review as compared to Rs 87.71 crore for the same quarter in the previous year. However, total income of the Bank marginally decreased by 2.37% at Rs 10,842.96 crore for Q1FY19 as compared Rs 11,106.61 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 16.66%, as compared to 13.05% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 8.45% in Q1FY19.

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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