Bank Of India MD & CEO Rajneesh Karnatak On Q3, Gross NPA, Retail, Loan Growth & Sector Outlook

In this exclusive interview with Business Today TV, Rajneesh Karnatak, MD & CEO of Bank of India, discusses the bank’s strong performance in Q3FY25. The public sector bank reported a 35% year-on-year increase in net profit, reaching ₹2,517 crore, compared to ₹1,870 crore in Q3FY24. Sequentially, net profit rose by 6% from ₹2,374 crore in Q2FY25. The bank also saw a 23% Y-o-Y growth in operating profit, reaching ₹3,703 crore, although it was slightly lower than the previous quarter. Net Interest Income (NII) surged by 46% Y-o-Y to ₹1,746 crore, though it declined compared to Q2FY25. In this conversation, Rajneesh Karnatak shares insights into the bank’s performance, including Gross NPA, retail and loan growth, and the sector outlook. He also touches upon the rise in operating expenses, which grew to ₹4,114 crore in Q3FY25. Tune in for all the details on Bank of India’s Q3 earnings and the future of the banking sector on Business Today TV!