Menu
BW CFO World
Community for Finance Professionals, Consultants and allied businesses
  • Home
  • News
  • Videos
  • Articles
    • Credit & Capital
    • Economic Trends
    • Financial Compliance
    • Financial Leadership
    • Financial Management
    • Financial Reporting
    • Financial Strategy
    • Risk Management
    • Taxation
  • Featured
  • Nominate for Awards
Close Menu
household
November 3, 2021

Bank Of India Sep Quarter Profit Soars Nearly 100% To Rs 1,051 Crore

Urvi Srivastava Credit & Capital Bank Of India, filing, net interest income, profit

State-run Bank of India on Tuesday reported a nearly 100 percent jump in its net profit at Rs 1,051 crore in the quarter ended September 2021.

The bank had posted a net profit of Rs 526 crore in the same period a year ago.

“Net profit for Q2FY22 stood at Rs 1,051 crore, up by 99.89 percent year-on-year,” the bank said in a regulatory filing.

On a sequential basis, net profit improved by 45.97 percent from Rs 720 crore.

Net interest income (NII) stood at Rs 3,523 crore for the quarter Q2FY22. On a sequential basis, it increased by 12.06 percent from Rs 3,144 crore in the quarter ended June 2021, the bank said.

Non-interest income increased by 58.71 per cent from a year ago to Rs 2,136 crore for Q2FY22 against Rs 1,346 crore in Q2FY21.

On the asset front, the bank improved the quality as the gross non-performing assets (NPAs) were down at 12 percent of the gross advances at end of September 2021 from 13.79 percent by end of the same month a year ago.

Net NPAs too fell to 2.79 percent from 2.89 percent.

Bank of India stock traded at Rs 62.25 apiece on BSE, up 3.06 percent from the previous close.

(PTI)

Urvi Shrivastav

→ Urvi Shrivastav

Godrej Properties Q2 Profit Jumps 5-Fold: Sales Bookings Hiked 2-Fold Nykaa IPO Subscribed 81.78 Times On Final Day

Related Posts

Chandrasekar-K-1

Credit & Capital, Economic Trends

Leading with empathy is the correct mantra for success

20220331_113353

Credit & Capital, Economic Trends

Govt orders probe into fire incident involving Ola

indian rupee

Credit & Capital, Economic Trends

Asian stocks rise as Ukraine peace talks appear to progress

Movements

  • adobe danDan Durn Appointed As Adobe’s New Chief Financial Officer
  • Vineet Mahajan_Vineet Mahajan Appointed As New CFO Of Avanse Financial Services On Sept 27
  • bharat pet director financeVetsa Ramakrishna Gupta To Lead Bharat Petroleum As Director Finance
  • tender cuts cfoTenderCuts Names Satya Rakesh as New CFO
  • dailmer CFOManish Thakore Helms Daimler India Commercial Vehicles as CFO

Selected Stories

  • Chandrasekar-K-1Leading with empathy is the correct mantra for success

    Read more

  • 20220331_113353Govt orders probe into fire incident involving Ola

    Read more

  • indian rupeeAsian stocks rise as Ukraine peace talks appear to progress

    Read more

  • economyTata Coffee rallies nearly 13 pc; Tata Consumer jumps over 5 pc

    Read more

  • rupeeRupee rises 4 paise to 75.69 against US dollar in early trade

    Read more

Categories

  • Accounting
  • CFO Stance
  • Credit & Capital
  • Economic Trends
  • Featured
  • Financial Compliance
  • Financial Leadership
  • Financial Management
  • Financial Reporting
  • Financial Strategy
  • Financial Technologies
  • Global News
  • Interview
  • Movements
  • Risk Management
  • Taxation

Recent Comments

    Back To Top
    BW CFO World
    • Home
    • News
    • Videos
    • Articles
      • Credit & Capital
      • Economic Trends
      • Financial Compliance
      • Financial Leadership
      • Financial Management
      • Financial Reporting
      • Financial Strategy
      • Risk Management
      • Taxation
    • Featured
    • Nominate for Awards
    © Copyright BW BUSINESSWORLD 2018. All Rights Reserved.