BoI reports 61 per cent jump in Q2 profit aided by non-core income

Quick Summary:

Bank of India's consolidated net profit surged 61% to Rs 2,421 crore in the September quarter, fueled by non-core income growth.

While net interest income saw a modest 4% rise, robust recoveries and treasury gains boosted non-interest income.

The bank aims to expand its net interest margin to 2.90% by fiscal end and maintain its deposit and credit growth targets.

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Article Details

Author / Journalist: PTI

Category: EconomyBusiness

Markets: India

Topics: Bank of India profit after tax Bank of India Q2 profit Bank of India financial results Bank of India deposit growth Bank of India non-core income Business news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 00:41:37 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 860 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Times of India

News ID: 23521006

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