Bank of India Q2 net fell 20.4% on higher provisions

State-owned Bank of India’s second quarter (July-September) net profit dropped by more than 20% year-on-year to Rs 491 crore on the back of higher provisioning due to rise in non-performing assets (NPAs). A CNBC-TV18 poll expected net profit at Rs 603 crore. Provisions for NPAs almost trebled from Rs 286 crore to Rs 824 crore Y-o-Y.

November 08, 2011 / 18:09 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Moneycontrol Bureau

State-owned Bank of India

first published: Nov 8, 2011 06:01 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347