 "Bank of India")
State-owned Bank of India (BoI) on Monday reported over three-fold rise in net profit to Rs 843.60 crore for the quarter ended June 30, as pressure of bad loans eased.
The bank had registered a net profit of Rs 242.60 crore in the April-June period of 2019-20.
The total income during the period under review increased to Rs 11,941.52 crore, from Rs 11,526.95 crore in the year-ago period, BoI said in a regulatory filing.
On the assets front, the bank witnessed improvement with gross non-performing assets (NPAs) declining to 13.91 per cent of the gross advances as on June 30,
