BOI reported a net loss of Rs 1,156.25 crore for the September quarter. The figure cannot be compared with that of last year as the bank had reported a net profit of Rs 179.07 crore during Q2 of FY18.
The net interest income saw marginal 0.6 percent growth year on year to Rs 2,927 crore from Rs 2,908 crore last year.
On the asset quality front, the gross non-performing assets (NPAs) ratio fell to 16.36 percent from 16.66 percent in the previous quarter. The net NPA ratio, too, fell to 7.64 percent, down from 8.45 percent during the June quarter
The amount of gross NPAs stood at Rs 61,560.65 crore against Rs 60,604.46 crore in the previous quarter. The net NPAs stood at Rs 25,994.1 crore against Rs 27,932.25 crore in the last quarter.
The lender reported provision of Rs 3,343 crore, a rise from Rs 2,564 crore during the previous quarter. Meanwhile, its provision coverage ratio stood at 69.12 percent against 66.7 percent last quarter.
The stock has risen over 16 percent in the past one month, while in the past three days, it rose 2 percent. At the close of market hours on Monday, Bank of India quoting at Rs 87.25, down Rs 4.45, or 4.85 percent, on the BSE. It touched an intraday high of Rs 92.65 and an intraday low of Rs 86.05.If you need more information about the Stock Market:
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