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Bank of India second-quarter profit rises, beats estimates


REUTERS - Bank of India , the country's sixth biggest lender by assets, reported a 41 percent jump in second-quarter profit, handily beating analyst estimates, with its bad loan ratio easing.Net profit rose to 1.79 billion rupees ($27.53 million) in the quarter ended Sept. 30, from 1.27 billion rupees a year earlier, the Mumbai-based bank said on Friday. on average had expected a net profit of 666 million rupees, according to Thomson Reuters Eikon data.Gross bad loans as a percentage of total loans was 12.62 percent at end-September compared with 13.05 percent a ...

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First Published: Fri, November 10 2017. 12:57 IST