Bank of India's Q1 net profit rises 10% to Rs 1,703 cr, NII up 6%

Quick Summary:

The bank had reported gross slippages to the tune of Rs 3,309 crore in Q4FY24, and Rs 4,030 crore in Q1FY24.

However, its non-interest income was down 12 per cent YoY to Rs 1,302 crore.

Advances of the lender was up 15.82 per cent YoY and 2.50 per cent sequentially to Rs 6 trillion.And, deposits were up 9.91 per cent YoY and 2.89 per cent sequentially to 6.47 trillion during Q1FY25.

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Article Details

Category: BusinessFinance

Markets: India

Topics: PSUs PSU banks Bank of India Bank of India Q1 results NPAs Non-performing assets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-03 @ 15:03:33 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21905141

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