State-owned Bank of India reported its Q1FY23 results today. The net profit doubled for the June quarter.
Net Profit increased by 176% YoY to Rs.1,551 Cr.
Operating Profit increased by 72% YoY to Rs.3,752 Cr.
Net Interest Income increased by 45% YoY to Rs.5,915 Cr.
NIM (Global) improved by 49 bps YoY.
Yield on Advances (Dom.) improved by 157 bps YoY.
Gross NPA ratio down by 263 bps YoY.
Net NPA ratio down by 56 bps YoY.
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Updated: 28 Jul 2023, 04:51 PM IST