Latest


Bank of India's Q3 net loss widens to Rs 4,738 cr

  •   Tue, Jan 29 2019 08:47:49 AM

Mumbai, Jan 29 (IANS): State-owned lender Bank of India's net loss widened during the quarter ended December 31, 2018 due to higher provisioning for non-performing assets (NPAs).

According to the state-run lender, its net loss in the three months through December 2018 widened to Rs 4,738 crore from a net loss of Rs 2,341 crore reported for the same period of the last fiscal year.

However, the lender's net interest income increased by 33.23 per cent to Rs 3,332 crore in the quarter under review from Rs 2,501 crore in Q3FY18.

The bank made provision worth Rs 9,179.48 crore for NPAs during the quarter under review from Rs 4,373.06 crore made during the previous corresponding quarter of 2017-18.
  

Top Stories

Vertex Workspace wins ‘Best Innovative Enterprise Award 2024’

  •   21 hours ago    1

Leave a Comment

Title: Bank of India's Q3 net loss widens to Rs 4,738 cr



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.

You might also like