Bank Of India Management On Q3 Earnings, NII, NPAs, Loan Portfolio, And Future Business Outlook

BTTV is set to dissect the quarterly performance of Bank of India, with MD & CEO Rajneesh Karnatak joining anchor Sakshi Batra on the show. This discussion delves into Bank of India's recent results, highlighting key metrics such as earnings, net interest income (NII), non-performing assets (NPAs), and the status of its loan book. The Bank of India (BoI), a government-owned bank, revealed a 62.4% increase in net profit to ₹1,869.5 crore for the third quarter ending December 31, 2023, compared to the same period last year. In the previous year's corresponding quarter, Bank of India recorded a net profit of ₹1,151 crore. Net interest income (NII), the variance between a bank's interest earnings from loans and interest paid to depositors, declined 2.4% to ₹5,463.5 crore compared to ₹5,595.1 crore in FY23's same quarter. Gross non-performing assets (GNPAs) reduced to 5.35% from 5.84% in the September quarter, with net NPAs rising quarter-on-quarter to 1.54% from 1.41%.