On a consolidated basis, the bank posted a net profit of Rs 610.37 crore, up by more than four times as against Rs 138.20 crore in the year-ago period. Income was down at Rs 12,372.88 crore as against Rs 13,430.53 crore.
On the asset front, gross bad loans or non-performing assets (NPA) fell to 13.25 per cent of gross advances at the end of December 2020 as against 16.30 per cent in the year-ago period.
In value terms, gross NPAs were Rs 54,997.03 crore, lower than Rs 61,730.54 crore.
Likewise, the net NPA was trimmed to 2.46 per cent (Rs 9,077.32 crore) from 5.97 per cent (Rs 20,113.34 crore).
Shares of Bank of India traded at Rs 60.85 apiece on the BSE, up 2.79 per cent.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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