Bank of India's Q3FY25 profit jumps 35% to Rs 2,517 crore on reduced bad loans
New Delhi: State-owned Bank of India (BoI) on Friday posted a 35 percent jump in net profit to Rs 2,517 crore for the December quarter on account of a decline in bad loans, The Economic Times reported.
The Mumbai-headquartered bank had earned a net profit of Rs 1,870 crore in the year-ago period.
The lenders' total income increased to Rs 19,957 crore during the third quarter of the ongoing fiscal against Rs 16,411 crore a year ago, BoI said in a regulatory filing.
The interest income of the bank rose to Rs 18,210 crore against Rs 15,218 crore in the third quarter of the preceding year.
Its net interest income (NII) increased to Rs 6,070 crore against Rs 5,463 crore for Q3 FY24.
The company's operating profit rose to Rs 3,703 crore from Rs 3,004 crore in the year-ago quarter.
The company's operating profit rose to Rs 3,703 crore from Rs 3,004 crore in the year-ago quarter.
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