Bank of India has reported results for second quarter ended September 30, 2012.
The bank has posted a fall of 38.54% in its net profit at Rs 301.85 crore for the quarter ended September 30, 2012 as compared to Rs 491.11 crore for the same quarter in the previous year. However, total income has increased by 15.16% at Rs 8899.55 crore for quarter under review as compared to Rs 7728.16 crore for the quarter ended September 30, 2011.
Gross non-performing assets (NPAs) of the bank increased and stood at 3.42% for the quarter as against 3.02% in the same quarter of previous year. Net non-performing assets (NPAs) of the bank were at 2.04%, higher than 1.98% in the similar quarter of previous fiscal.
