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Bank of India Q2 net up 26.4% at Rs 786 cr

PTI 03 Nov 2014, 14:50:14 PM IST
PTI

New Delhi: State-run Bank of India (BoI) today reported 26.41 per cent growth in net profit at Rs 786 crore for the second quarter ended September 30.

The bank had reported a net profit of Rs 621.77 crore in the July-September quarter of 2013-14 fiscal.

Interest income rose to Rs 11,093 crore during the quarter, up 20 per cent, from Rs 9,239 crore in the year-ago period, BoI said in a filing to the BSE.

Gross non-performing assets (NPAs) as a percentage of total advances stood at 3.54 per cent against 2.93 per cent in the same quarter of 2013-14. Net NPAs stood at 2.32 per cent at the end of September 2014.

During the quarter, the bank's provisioning declined to Rs 953 crore from Rs 1,232 crore in the year-ago period. Total income of the bank increased to Rs 12,099.45 crore (Rs 10,339.55 crore).

Shares of BoI were trading 0.44 per cent up at Rs 286.65 per scrip during the afternoon session on the BSE.