Shares of Bank of India on Friday rose by nearly 4 per cent after the company reported a consolidated net profit of Rs 138.20 crore for December quarter 2019-20.
The scrip rose 3.79 per cent to close at Rs 68.55 on the BSE. During the trade, it jumped 4.31 per cent to Rs 68.90.
At the NSE, it climbed 3.93 per cent to close at Rs 68.70.
The state-owned lender had posted a net loss of Rs 4,643.71 crore in the year-ago period.
Total income during the quarter under review rose to Rs 13,430.53 crore from Rs 11,791.16 crore in the same period a year ago, the bank said in a regulatory filing.
Gross non-performing assets (NPAs) were at 16.30 per cent of the gross advances at the end of December 2019 from 16.31 per cent a year ago.
Net NPAs or bad loans stood at 5.97 per cent as against 5.87 per cent a year ago.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app