Amritha
May 26, 2018, 7:59 am IST
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Bank of India posts Q3 net loss at Rs 2,341.20 Cr due to bad loans

Bank of India posts Q3 net loss at Rs 2,341.20 Cr due to bad loans

 Feb 13, 2018

Public lender Bank of India (BoI) has reported a net loss of Rs 2,341.20 crore for the third quarter ended December 31, 2017, as against the net profit of Rs 101.70 crore during the corresponding period of the previous fiscal year.

Total income of the Bank stood at Rs 10,376.03 crore during the period, as against Rs 11,594 crore in the year-ago period, the bank said in a regulatory filing on Monday.

Gross non-performing assets (NPAs) on the bad loans increased from 13.38 per cent to 16.93 per cent year-on-year, it added.

 



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