Bank of India back in black in Q1 at Rs 88 cr on better asset quality

The other income comprising treasury revenues, fees and commissions rose 30% to Rs 1,610 cr

Aided by a rise in fees, commissions and a fall in provisions for bad loans, public sector lender Bank of India (BOI) is back in black in the first quarter (Q1) ended June 2017.

The last it posted a quarterly profit was in the third quarter ended September 2016.      

The Mumbai-headquartered bank posted a net profit of Rs 88 crore in Q1, against a net loss of Rs 741 crore in April-June 2016.  It had also posted a net loss of Rs 1,045 crore in January-March 2016.

Its net interest income – the difference between