Moneycontrol
Feb 08, 2018 06:37 PM IST | Source: Moneycontrol.com

Bank of India may post loss at Rs 51 cr in Q3, asset quality key to watch

Net interest income during the quarter is seen falling 1.3 percent to Rs 2,826.6 crore compared to Rs 2,862.6 crore in year-ago, according to average of estimates of analysts polled by CNBC-TV18.

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Public sector lender Bank of India is likely to post net loss at Rs 51.5 crore for quarter ended December 2017 against net profit of Rs 101.7 crore in same quarter last year.

Net interest income during the quarter is seen falling 1.3 percent to Rs 2,826.6 crore compared to Rs 2,862.6 crore in year-ago, according to average of estimates of analysts polled by CNBC-TV18.

Key things to watch out for:

Analysts said if slippages in Q3 fall further (from Rs 2,141 crore in Q2FY18), net interest margin come above 2.1 percent (2.15 percent in Q2) and gross non-performing assets improve (from 12.62 percent in Q2) then that would be taken positively by the Street.

Bank raised Rs 2,257 crore of capital in Q3; while the government has planned to provide Rs 9,232 crore in Q4.
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