 "Bank of India Q2 net up 41% at Rs 179 cr, asset quality improves")
Public sector lender Bank of India (BoI) had a good second quarter with a rise in net profit and improvement in asset quality. BoI’s net profit rose 41 per cent to Rs 179 crore in the September quarter, as against Rs 127 crore in the year-ago quarter. BoI has also dropped its initial plans of raising Rs 8,000 crore after the government recently announced a Rs 2.11-lakh-crore recapitalisation plan for state-owned banks.
“Earlier, we had planned to add Rs 8,000 crore to our existing capital base, both for replenishment as well as for growth. However, in view of the recent recapitalisation
