Report Wire - Bank of India Q2 internet down 9%

Report Wire

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Bank of India Q2 internet down 9%

1 min read
Bank of India, Bank of India profit, BOI profit, Business news, Indian express, Current Affairs

State-run Bank of India reported a 9 per cent decline in its revenue after tax at Rs 960 crore within the September 2022 quarter as in opposition to Rs 1,051 crore within the yr in the past interval.

The financial institution’s complete provision elevated to Rs 1,912 crore from Rs 894 crore within the year-ago quarter. Provisions for unhealthy and uncertain loans additionally jumped to Rs 664 crore from Rs 241 crore.

Domestic internet curiosity margin stood at 3.49 per cent within the second quarter from 2.65 per cent.

While gross non-performing belongings (GNPAs) ratio was at 8.51 per cent, internet NPA stood at 1.92 per cent.