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Net Interest Income (NII) is expected to decrease by 10 percent Y-o-Y (up 7 percent Q-o-Q) to Rs. 3,133 crore, according to Sharekhan.
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Net Interest Income (NII) is expected to increase by 0.1 percent Y-o-Y (up 1.5 percent Q-o-Q) to Rs 3,797 crore, according to Sharekhan.
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Net Interest Income (NII) is expected to increase by 16.1 percent Y-o-Y (down 3.7 percent Q-o-Q) to Rs. 3,894 crore, according to Sharekhan.
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The lender reported a net loss of Rs 1,156.25 crore for the September quarter. The figure cannot be compared with that of last year as the bank had reported a net profit of Rs 179.07 crore during Q2 of FY18.
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Hopeful of large corporate recoveries worth about Rs 2,000 crore from the accounts under insolvency, Bank of India chief Mohapatra is also banking on recovery from assets put up on sale and one-time settlement of NPAs.
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Profit during the quarter increased to Rs 95.1 crore compared to Rs 87.7 crore in same period last fiscal
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Bank of India's Q3 earnings were a disappointment because of the steep rise we saw in the non-performing assets (NPAs) as well as slippages but today one of the brokerages pointed out that there is angel in the detail that some of the bad loans could get written back. In an interview with CNBC-TV18, Dinabandhu Mohapatra, Managing Director and CEO of Bank of India spoke about the results and his outlook for the company.
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Brokerage houses retained negative stance on the stock and slashed target price on asset quality concerns.
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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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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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Analysts say if slippages fall (from Rs 6,915 crore in Q4FY17), net interest margin comes above 2.2 percent and gross non-performing assets decline (from 13.22 percent in Q4FY17) then that will be positive.
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In a interview to CNBC-TV18 Bank of India chief Melwyn Rego decoded the bank's third quarter performance and the road ahead.
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In an interview with CNBC-TV18, Melwyn Rego, MD and CEO of BOI said that net addition to gross non-performing assets (GNPAs) is around Rs 388 crore and sees FY17 slippages to be at Rs 17,500 crore.
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Public sector lender Bank of India is expected to post a loss of Rs 305.5 crore in July-September quarter against loss of Rs 1,126 crore in year-ago period, according to average of estimates of analysts polled by CNBC-TV18.
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Steps taken to clean up the books has led to significant quarter-on-quarter decline in Bank of India‘s gross slippages to Rs 6,232 crore from Rs 16,805 crore, said Managing Director & CEO, Melwyn Rego.
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Slippages below Rs 6000 crore will be positive
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Gaurang Shah of Geojit BNP Paribas is positive on SBI, but hints at some more stress for the lender in the next two quarters.
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Bank of India expects its NPA levels to come down in FY17, says Melwyn Rego, Managing director and Cheif Executive in an interview to CNBC-TV18.
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The downgrades handed out by the RBI based on the asset quality review of the bank, together with the downturn in steel and infrastructure sectors led to a rise in the bank‘s slippages, said the brokerage house, which has a sell call on the bank.
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Bank of India may post loss of Rs 920 crore in Q4 against loss of Rs 56 crore in year-ago period, according to CNBC-TV18's consensus estimates.
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SP Tulsian in an interview to CNBC-TV18 shared his fundamental view on stocks that posted earnings like TVS Motors, ICICI Bank, MRF, CCL and others.
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Profit will depend on factors such as provisions, other income, and operating profit. Provisions in Q1FY16 increased 69.6 percent year-on-year to Rs 1,514.73 crore and other income was down 18 percent.
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The 5:25 conceptually and from a practical angle is quite a practical solution, says BP Sharma, MD & CEO, Bank Of India.
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VR Iyer, Chairperson and MD, Bank of India, shares his views on the bank‘s performance in the March quarter.
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This is the second large PSU quoting a loss this quarter, says Jignesh Shial of IDBI Capital Markets. He says on the asset quality front, there was expectation of some deterioration, but gross NPA at 5.4 percent is too much and the stock is likely to react.
