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Nov 09, 2017 06:11 PM IST | Source: CNBC-TV18

Bank of India Q2 profit seen down 99% to Rs 17 cr; slippages key to watch out for

Analysts feel if slippages fall (compared with 4,037 crore in Q1FY18), net interest margin comes above 2.1 percent (1.99 percent) and gross non-performing assets fall (from 13.05 percent) then that will be taken positively by the Street.

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Public sector lender Bank of India's second quarter profit is expected to fall sharply by 98.7 percent to Rs 16.6 crore compared with Rs 1,268.4 crore in year-ago.

Net interest income, the difference between interest earned and interest expended, may grow only 0.2 percent to Rs 2,724.4 crore from Rs 2,719.7 crore on year-on-year basis, according to average of estimates of analysts polled by CNBC-TV18.

Analysts feel if slippages fall in Q2 (compared with 4,037 crore in Q1FY18), net interest margin comes above 2.1 percent (1.99 percent) and gross non-performing assets fall (from 13.05 percent) then that will be taken positively by the Street.
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