Bank of India Q3 profit rises 35% to Rs 2,517 cr, bad loans decline

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Bank of India Q3 profit rises 35% to Rs 2,517 cr, bad loans decline - Business Standard

Quick Summary:

State-owned Bank of India (BoI) on Friday posted a 35 per cent jump in net profit to Rs 2,517 crore for the December quarter on account of a decline in bad loans.

The interest income of the bank rose to Rs 18,210 crore against Rs 15,218 crore in the third quarter of the preceding year.

The lenders' total income increased to Rs 19,957 crore during the third quarter of the ongoing fiscal against Rs 16,411 crore a year ago, BoI said in a regulatory filing.