Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • BW TV
  • Subscribe to Print
BW Businessworld

Bank Of India Reports Rs 606 Cr Of Net Profit While NII Rose 16.9%

The operating profit went up by 31.85 per cent YoY from Rs 1,870 crore in Q4FY21 to Rs 2,466 crore in Q4FY22

Photo Credit :

1653384441_U9ZGIl_images_4_.jpeg

Bank of India has announced its Q4 FY22 results today reporting a net profit of Rs 606 crore, up by 142.31 per cent YoY.

Net Profit of the bank jumped by 142.31 per cent YoY, which went up from Rs 250 crore in Q4FY21 to Rs 606 crore for Q4FY22.

The operating profit went up by 31.85 per cent YoY from Rs 1,870 crore in Q4FY21 to Rs 2,466 crore in Q4FY22.

Net Interest Income (NII) increased by 35.77 per cent from Rs 2,936 crore in Q4FY21 to Rs 3,986 crore in Q4FY22. While NII rose by 16.96 per cent sequentially.

With regards to guidance for FY23, the bank reports Credit Growth be around 10 – 12 per cent in FY’23.

Gross NPA is expected to be lower than 8 per cent, while NIM is projected to be around 3 per cent. Credit Cost is expected to be at 1 per cent.


Tags assigned to this article:
bank of india