homevideos Newsearnings NewsBank of India Q3 net profit grows 90%; management aims for double digit loan growth in FY23
Bank of India Q3 net profit grows 90%; management aims for double-digit loan growth in FY23
Bank of India reported a net profit growth of 90 percent at Rs 1027.4 crore in quarter ended December 2021. The bank has reported net profit of Rs 540.7 crore in same quarter last year. Bank's Q3FY22 net interest income (NII) declined by 8.9 percent at Rs 3408 crore against Rs 3740 crore in Q3FY21.
Bank of India reported a net profit growth of 90 percent at Rs 1027.4 crore in quarter ended December 2021. The bank has reported net profit of Rs 540.7 crore in same quarter last year.
Bank's Q3FY22 net interest income (NII) declined by 8.9 percent at Rs 3408 crore against Rs 3740 crore in Q3FY21.
The net NPA ratio for Q3 stood at 2.66 percent versus 2.79 percent on a quarter on quarter basis.
In an interview to CNBC-TV18, AK Das, MD & CEO of Bank of India said the bank aims to deliver 8 percent loan growth in Q4FY22 and double digit loan growth in FY23.
He said the bank also plans to bring the slippage ratio to sub 0.3 percent.
Watch video for more.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
BJP is planning to ban RSS, says Shiv Sena (UBT) chief Uddhav Thackeray
May 18, 2024 8:01 PM
Punjab Lok Sabha elections: Complete list of Congress candidates
May 18, 2024 4:08 PM
Punjab Lok Sabha elections: Check full list of AAP candidates and constituencies
May 18, 2024 12:59 PM
PM Modi, Rahul Gandhi election rallies in Delhi today: Here are the routes to avoid
May 18, 2024 11:28 AM