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Bank of India reports two fold jump in Q2 net profit

31 Oct 2013 Evaluate

Bank of India has reported results for second quarter ended September 30, 2013.

The bank has reported over two fold jump in its net profit at Rs 621.77 crore for the quarter ended September 30, 2013 as compared to Rs 301.85 crore for the same quarter in the previous year. Total income of the bank increased by 16.18% at Rs 10339.55 crore for quarter under review as compared to Rs 8899.55 crore for the quarter ended September 30, 2012.

Gross non-performing assets (NPAs) have improved to 2.93% in the July-September quarter as against 3.42% in the same quarter previous year, while net NPAs too decreased to 1.85%.

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
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