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

Times of India LogoTimes of India2d ago

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

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:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 00:41:37 (2 days 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)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23521006

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About Times of India

Times of India Logo

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 22 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 7 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

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