By Vivek K Email: email@example.com Mob: 09920183006
Bank of India announced a Net Profit of Rs. 622 crore, a growth of 105.96%, for the quarter ended September 30, 2013, as compared to Rs. 302 crore in Q2 FY13. The Operating Profit improves from Rs. 1,854 Crore in September-12 to Rs.2,103 Crore in September-13 (Growth: 13.43%). Net Interest Income improves from Rs. 2,196 Crore in September-12 to Rs.2,527 Crore in September-13 (Growth: 15.07%). Non-Interest Income improves from Rs. 894 Crore in September-12 to Rs.1,100 Crore in September-13 (Growth: 23.04%). Gross NPA Ratio stood at 2.93%; Net NPA Ratio was 1.85%; Provision Coverage Ratio was 63.29% for Q2.