Bank of India (BOI) reported standalone second quarter web revenue elevated 52% Year on Year (YoY) to ₹1,458 crore due to rise in Net Interest Income (NII) and enchancment in asset high quality.
Operating revenue through the quarter ended September 30, 2023 elevated 11% YoY to Rs.3,756 crore. NII elevated by 13% YoY to Rs.5,740 crore and NIM (Global) improved by 4 bps YoY to 3.08%, the financial institution stated in a submitting with exchanges.
It’s Gross NPA ratio down by 267 bps YoY and Net NPA ratio was down by 38 bps YoY. Provision Coverage Ratio (PCR) improved by 62 bps YoY, it stated.
The financial institution’s international enterprise elevated by 9.25% whereas the worldwide deposits elevated by 8.68% YoY. The financial institution stated it’s advances elevated by 10% YoY. While retail credit score grew by 14.65% YoY,
Agriculture credit score grew by 10.82% YoY and MSME credit score grew by 10.82% YoY. CASA deposits elevated by 6.08% YoY and CASA ratio at 43.13%.
