Bank of India's Q3 net profit stood at Rs 101 crore; shares jump
The bank's gross non-performing assets (NPAs) stood at 13.38% as against 9.18% during the same period last year.
Shares of Bank of India climbed on the back of positve financial result for the quarter ended on December 31. At 1328 hours the shares of the bank were trading at Rs 136.05 per piece, up 2.56% or Rs 3.40 on BSE.
The company reported a net profit of Rs 101.7 crore during the quarter ended on December 31,2016 as against the net loss of Rs 1505.5 crore during December 31, 2015 quarter.
The bank in a regulatory filing said that its total income increased to Rs 11,594 crore in Q3FY17 from Rs 11086.9 crore in Q3FY16.
The bank's gross non-performing assets (NPAs) stood at 13.38% as against 9.18% during the same period last year and 13.45% in the quarter before (Q2FY17). The net NPAs stood at 7.09% in Q3FY17 as compared to 5.25% in Q3FY16 and 7.56% in Q2FY17.
The provisions during the quarter was Rs 2,550 crore as against Rs 3,510 crore a year-ago.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
01:43 PM IST