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Bank of India posts profit, scrip up 3%

The State-owned lender had posted a net loss of ₹4,643.71 crore in the year-earlier period.

January 31, 2020 10:44 pm | Updated 10:47 pm IST

PTI
New Delhi: Notices, restricting cash payment limit of Rs 12000, pasted at the entrance of a Bank of India branch in New Delhi on Thursday. PTI Photo by Kamal Singh(PTI12_1_2016_000085B)

New Delhi: Notices, restricting cash payment limit of Rs 12000, pasted at the entrance of a Bank of India branch in New Delhi on Thursday. PTI Photo by Kamal Singh(PTI12_1_2016_000085B)

Shares of Bank of India on Friday rose by almost 3% after it reported a consolidated net profit of ₹138.20 crore for the December quarter.

The scrip rose 2.57% to close at ₹67.75 on the BSE.

The State-owned lender had posted a net loss of ₹4,643.71 crore in the year-earlier period.

Total income during the quarter under review rose to ₹13,430.53 crore from the ₹11,791.16 crore in the same period a year ago, the bank said in a filing.

Gross non-performing assets (GNPAs) stood at 16.30% of gross advances at the end of December 2019 from 16.31% a year ago.

Net NPAs stood at 5.97% against 5.87% in the year-earlier period.

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