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.
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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.
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