Bank of India rose 1.44% to Rs 67 after reporting a net profit of Rs 105.52 crore in Q3 December 2019 as compared to a net loss of Rs 4737.56 crore in Q3 December 2018.
Total income rose 13.98% to Rs 13,338.09 crore in Q3 December 2019 from Rs 11,701.84 crore in Q3 December 2018.
Gross non-performing assets (NPAs) stood at Rs 61,730.54 crore as on 31 December 2019 as against Rs 61,475.60 crore as on 30 September 2019 and Rs 60,797.55 crore as on 31 December 2018.
The ratio of gross NPAs to gross advances stood at 16.30% as on 31 December 2019 as against 16.31% as on 30 September 2019 and 16.31% as on 31 December 2018.
The ratio of net NPAs to net advances stood at 5.97% as on 31 December 2019 as against 5.87% as on 30 September 2019 and 5.87% as on 31 December 2018.
Provisions and contingencies fell 55.39% to Rs 4015.20 crore in Q3 December 2019 from Rs 9000.72 crore Q3 December 2018. Of this, provisions for NPAs fell 58.89% to Rs 3773.72 crore in Q3 December 2019 from Rs 9179.48 Q3 December 2018.
The Provision coverage ratio (PCR) of the bank as on 31 December 2019 is 77.15% as compared to 77.12% as on 30 September 2019 and 76.76% as on 31 December 2018.
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