Bank of India Q1 Net Profit may dip 69% YoY to Rs. 265 cr: Sharekhan

Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the Banking sector. The brokerage house expects Bank of India to report net profit at Rs. 265 crore down 69% year-on-year (up 6% quarter-on-quarter).

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.

Pre Provision Profit (PPP) is likely to fall by 5% Y-o-Y (up 28 percent Q-o-Q) to Rs. 2,689 crore.

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