Bank of India reports net profit of Rs 126.84 crore in Q2FY17

Bank of India has reported results for second quarter ended September 30, 2016. 

The Bank has reported net profit at Rs 126.84 crore for the quarter under review as compared to a net loss Rs 1126.24 crore for the same quarter in the previous year. Total income of the Bank increased 1.34% at Rs 11469.11 crore for the quarter under review as compared to Rs 11317.97 crore for the corresponding quarter previous year.  

The Bank’s gross NPA for the July- September quarter of the current fiscal increased to 13.45%, as compared to 7.55% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 7.56% in Q2FY17.