Bank of India (BoI), a state-owned commercial bank, today reported a rise of 26.41% in second quarter profit. The bank reported a profit of Rs 7.86 billion for the quarter ended Sept. 30, 2014, compared with Rs 6.22 billion, a year ago.
Quarterly income totalled at Rs 120.99 billion, an increase of 17.02% over Rs 103.40 billion in the same period a year ago.
The bank has made provision of Rs 9.63 billion, which was lower by 21.82% from prior year period to Rs 12.32 billion.
Net NPA was at 91.01 billion for the quarter ended Sept. 30, 2014, as compared to Rs 61.57 billion in the same period last year, representing an increase of 47.83%.
In percentage term, net NPAs were at 2.32% at the end of the quarter higher than 1.85% from last year period.
Capital adequacy ratio (CAR) of the bank under Basel III was at 10.97% as on Sept. 30, 2014.
Shares of the bank gained Rs 1.75, or 0.61%, to trade at Rs 287.15. The total volume of shares traded was 279,205 at the BSE (11.27 a.m., Monday).